scholarly journals Energy Consumption in the GCC Countries: Evidence on Persistence

2019 ◽  
Vol 2 (1) ◽  
pp. p1 ◽  
Author(s):  
Guglielmo M. Caporale ◽  
Luis A. Gil-Alana ◽  
Manuel Monge
Keyword(s):  
Saudi Arabia ◽  
Energy Consumption ◽  
Linear Time ◽  
Fractional Integration ◽  
Annual Data ◽  
Policy Action ◽  
Exogenous Shocks ◽  
Gcc Countries ◽  
Long Run ◽  
Linear Time Trend

This paper examines the statistical properties of energy consumption in the GCC countries applying fractional integration methods to annual data from 1980 to 2014. The results indicate that both the raw and the logged series exhibit a (statistically significant) linear time trend in the case of Bahrain, Oman and Qatar, and the raw series only in the case of Saudi Arabia. Mean reversion (and thus only transitory effects of shocks) is found in the case of Bahrain for both the raw and logged data, and in Qatar for the logged series. In the remaining cases, the unit root hypothesis (implying permanent effects of shocks) cannot be rejected except for the logged data in Saudi Arabia, since the order of integration of the series is found to be statistically higher than 1 in that country. The implication of these findings is that in the case of Bahrain and Qatar exogenous shocks to energy consumption have transitory effects, which disappear in the long run without the need for policy action, whilst the permanent nature of the effects of shocks elsewhere means that appropriate policies have to be designed to restore equilibrium.

scholarly journals INTERACTION BETWEEN ENERGY CONSUMPTION AND ECONOMIC GROWTH IN INDIA

2017 ◽  
Vol 5 (4) ◽  
pp. 62-71 ◽  
Author(s):  
Nandakumar ◽  
Devasia ◽  
Thomachan
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
World Bank ◽  
Energy Use ◽  
Annual Data ◽  
Sample Period ◽  
Development Indicators ◽  
Long Run ◽  
World Development

This Paper examines the relation between energy use and GDP percapita of India. It used the annual data from 1971-2013, obtained from World Development Indicators of World Bank for India. The variables used in this study are – Percapita GDP and Energy consumption in Kilograms of oil equivalent (Kgoe). The result shows long run relation between energy use and GDP percapita. The result also shows that Energy Use granger causes GDP percapita of India for the sample period.

How Welfare Variables Influence Energy Consumption? - Evidence from Ecuador and Mexico

2013 ◽  
Vol 805-806 ◽  
pp. 1404-1412
Author(s):  
Daniel A. Sanchez-Loor ◽  
Chi Ya Chang
Keyword(s):  
Energy Consumption ◽  
Causal Relationship ◽  
Green Technology ◽  
Annual Data ◽  
Policy Makers ◽  
International Remittances ◽  
Long Run ◽  
Standards Of Living ◽  
Causality Tests ◽  
Technology Transformation

Energy consumption (EC) can be seen as a two-edged sword. It can be not only essential for sustaining good standards of living but also in hindering environmental protection. Consequently, what is the causal relationship between welfare variables and energy consumption in different economies has become one of the focal issues for both policy makers and researchers. The aim of this study attempts to investigate the causal relationship between economic growth (EG), foreign direct investment (FDI), remittances (RMTs), human development index (HDI), and EC using annual data from 1981 to 2011 through multivariate Granger causality tests for Ecuador and Mexico. The empirical analysis indicates that for Ecuador, in the long run, there are unidirectional causalities flowing from FDI, HDI, and RMTs to EC. For Mexico, there is no evidence of any welfare variable flowing to EC but there are unidirectional causalities running from EC to RMTs, HDI to FDI, and FDI to GDP all in the long run. With this information, we suggest policy makers of these two countries, especially for Ecuador, to strongly advocate energy-saving concepts to the public and actively implement more infrastructure projects related to health and education, provide incentives for international advanced green technology transformation, and liberalize international remittances.

Does trade openness affects global carbon dioxide emissions

2020 ◽  
Vol 31 (1) ◽  
pp. 32-53 ◽  
Author(s):  
Mohd Arshad Ansari ◽  
Salman Haider ◽  
N.A. Khan
Keyword(s):  
Carbon Dioxide ◽  
Saudi Arabia ◽  
Energy Consumption ◽  
Time Series Data ◽  
Structural Break ◽  
Trade Openness ◽  
Series Data ◽  
Content Type ◽  
Long Run ◽  
The Usa

Purpose The purpose of this paper is to analyze the effect of economic growth, international trade and energy consumption on the global carbon dioxide (CO2) emissions, in the case of top CO2 emitters, namely, USA, Japan, Canada, Iran, Saudi Arabia, UK, Australia, Italy, France and Spain using the annual data from 1971 to 2013. Design/methodology/approach For this purpose, the time series, data technique is applied. Unit root test with structural break and the bounds testing approach for cointegration in the presence of structural break is tested. Finally, a vector error correction model for the Granger causality test is applied to detect the direction of causality. The authors have used the techniques that will help in examining the structural break in the time series data. Findings The results reveal that their exists a long-run relationship between CO2 emissions and its determinants in the USA, Canada, Iran, Saudi Arabia, the UK, Australia, Italy, France and Spain, energy consumption is the main determinant of carbon dioxide (CO2) emissions in the long run and for direction of causality, the authors found bidirectional causality in the long run between energy consumption and CO2 emissions in the USA, Canada, Iran, Saudi Arabia and the UK, and Granger causality running in opposite direction in the case of Australia from CO2 emissions to energy consumption was analyzed. In terms of growth-trade-pollution nexus (USA, Canada, Iran and France) hold one-way causality running from economic growth and trade openness to CO2 emissions (IV) the environmental Kuznets curve hypothesis is validated only for the USA. Robust policy implications can be derived from this study. First, without harming the economy, these countries can reduce the use of energy consumption for lower pollution. Second, the amount of trade should be decreased to lower the emissions because the authors find that an increase in trade does Granger cause to CO2 emissions in the long run. Originality/value There has been no study that investigated the relationship between CO2 emissions, real income, consumption of energy and international trade in the environmental Kuznets relation for the top CO2 emitter’s countries over the period of 1971–2013. The authors did a comparative study of the empirical finding among these nations.

Ethanol production in Brazil: empirical evidence based on persistence

2018 ◽  
Vol 12 (4) ◽  
pp. 566-580
Author(s):  
Carlos Barros ◽  
Luis A. Gil-Alana ◽  
Peter Wanke
Keyword(s):  
Fractional Integration ◽  
Geographical Location ◽  
Unit Roots ◽  
Total Production ◽  
Content Type ◽  
Exogenous Shocks ◽  
Long Run ◽  
Time Period ◽  
Policy Measures ◽  
Central South

PurposeThis paper aims to investigate the production of sugar cane ethanol in Brazil for the time period 1983-2016, separating the data by geographical location.Design/methodology/approachFor this purpose, the authors use techniques based on the concept of fractional integration.FindingsThe authors show that the data corresponding to the total production is highly persistent, with an integration order smaller than 1 but close to it. In fact, the unit root hypothesis cannot be rejected implying that shocks have a permanent nature, and thus requiring policy measures to recover the level from exogenous shocks. Separating the data into two sub-regions, namely, North–Northeast and Central–South, higher levels of persistence are detected in the latter, while the former presents some evidence of mean reverting behavior, implying that shocks will disappear by themselves in the long run in the former regions. These results are obtained from all the different methods used.Originality/valueThe originality is based on the time series techniques used in the paper that departs from the classical methods based on unit roots and integer degrees of differentiation.

scholarly journals Financial Market Development and Pollution Nexus in Saudi Arabia: Asymmetrical Analysis

Energies ◽  
2018 ◽  
Vol 11 (12) ◽  
pp. 3462 ◽  
Author(s):  
Haider Mahmood ◽  
Abdullatif Alrasheed ◽  
Maham Furqan
Keyword(s):  
Saudi Arabia ◽  
Energy Consumption ◽  
Co2 Emissions ◽  
Financial Market ◽  
Market Development ◽  
Kuznets Curve ◽  
Long Run ◽  
Short Run ◽  
Per Capita ◽  
Financial Market Development

The study is aimed to scrutinize the presence of Environmental Kuznets Curve (EKC) hypothesis in Saudi Arabia by analyzing a period of 1971–2014. Asymmetrical impacts of Financial Market Development (FMD) and energy consumption per capita have also been tested on CO2 emissions per capita. The estimates buoyed the long and short-run relationships in the hypothesized model, and EKC is found to be true in terms of the relationship between income and pollution. Asymmetrical effects of FMD in the long run and asymmetrical effects of energy consumption per capita in the long and short run are presented on the CO2 emissions per capita. A decreasing FMD is found responsible for environmental degradation, and decreasing energy consumption per capita is found helpful in controlling CO2 emissions. The tested effect of the financial crisis is found insignificant on CO2 emissions.

scholarly journals Impact of Industrialization, Urbanization and Energy Consumption on Environmental Degradation: Evidence from India

2019 ◽  
Vol IV (II) ◽  
pp. 1-12
Author(s):  
Sohail Farooq ◽  
Shabana Parveen ◽  
Habib Elahi Sahibzada
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Linear Regression ◽  
Linear Regression Model ◽  
Energy Use ◽  
Annual Data ◽  
Long Run ◽  
Study Results ◽  
Augmented Dickey Fuller ◽  
Negative Effect

Industrialization and Urbanization are the important pillars for economic growth in a country however, a threat to the natural environment. The major aim of this study is to empirically analyze the effect of industrialization, urbanization, and energy consumption on the environment in India. Annual data for the span of 1975-2018 is analyzed. Augmented Dickey-Fuller (ADF) and (PP) tests are adopted for checking the stationarity. After confirming long-run cointegration in all the variables, the study used a linear regression model for the estimates of the value of the coefficient of the variables. The estimates of the model show urbanization and consumption of energy have a positive significant (negative effect on the environment) whereas industrialization has a negative insignificant impact on emissions of CO2. It is recommended based on this study results that real planning regarding urbanization along with energy use is the need for the Indian economy, to control the high emissions of CO2.

scholarly journals The Role of Energy Consumption, Economic Growth and Globalization in Environmental Degradation: Empirical Evidence from the BRICS Region

2021 ◽  
Vol 13 (4) ◽  
pp. 1924
Author(s):  
Habib Ur Rahman ◽  
Umer Zaman ◽  
Jarosław Górecki
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Least Squares ◽  
Environmental Degradation ◽  
Carbon Emission ◽  
Panel Cointegration ◽  
Ordinary Least Squares ◽  
Kuznets Curve ◽  
Annual Data ◽  
Long Run

This paper examines the effect of energy consumption, globalization, and economic growth on the CO2 emission of the BRICS (Brazil, Russian Federation, India, China and South Africa) region. Using annual data from 1989 to 2019, this research applies a panel cointegration approach. In this framework, we use Fully Modified Ordinary Least Squares (FMOLS) and Dynamic Ordinary Least Squares (DOLS) methods to examine the long-run relationship between the selected variables. This empirical investigation reveals that there is a long-run association between these variables, and energy consumption positively and significantly affects the carbon emission in these countries. These results indicate that energy consumption is the primary source of environmental degradation in the region. In contrast, the globalization (KOF Index of Globalization) negatively and significantly affects the carbon emission, implying the improvement of environmental quality. Further, this research could not find the presence of environmental Kuznets curve in the region. Policy guidelines are suggested in the line of findings.

Does human capital matter for reduction in energy consumption in India?

2019 ◽  
Vol 13 (2) ◽  
pp. 359-376 ◽  
Author(s):  
Vaseem Akram ◽  
Bhushan Praveen Jangam ◽  
Badri Narayan Rath
Keyword(s):  
Human Capital ◽  
Energy Consumption ◽  
Energy Conservation ◽  
Least Squares ◽  
Negative Relationship ◽  
Ordinary Least Squares ◽  
Annual Data ◽  
Content Type ◽  
Long Run ◽  
Short Run

Purpose This paper aims to investigate whether improvement in human capital can foster energy conservation by reducing the energy consumption in India using annual data from 1980 to 2014. Further, this study examines the relationship between human capital and various forms of energy consumption such as electricity, coal, natural gas, hydrocarbon gas and petroleum consumption. Design/methodology/approach To attain the objective, the study investigates this relation through the auto-regressive distributed lag model (ARDL) technique to find a long-run and short-run relationship. Second, to check the robustness of the results, the authors use alternative econometric methods such as dynamic ordinary least squares and fully modified dynamic ordinary least squares. Findings The results reveal a negative relationship between human capital and energy consumption, which implies that improvement in human capital lowers the energy consumption and various forms energy consumption, except for petroleum consumption. The results derived from ARDL show that there exists a long-run and short-run association between human capital and energy consumption. The results are consistent across the econometric techniques. Practical implications Because G20 countries including India aim at reducing carbon emission to a certain level, this study provides an insight that by emphasizing on human capital, India can reduce energy consumption, which would foster energy conservation. Originality/value To the best of the authors’ knowledge, this the first study in India which attempts to examine the effect of human capital on energy consumption and its various forms.

scholarly journals LEVEL OF EDUCATION AND RENEWABLE ENERGY CONSUMPTION NEXUS IN SAUDI ARABIA

2020 ◽  
Vol 8 (5) ◽  
pp. 88-94
Author(s):  
Haider Mahmood
Keyword(s):  
Economic Growth ◽  
Saudi Arabia ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Primary Education ◽  
Unit Root Test ◽  
Renewable Energy Consumption ◽  
Level Of Education ◽  
Long Run ◽  
Short Run

Purpose: A level of education may change the energy consumption habits of people. Further, economic growth may also demand cleaner energy consumption for better environmental quality. This research explores the impacts of education and economic growth on the renewable energy consumption of Saudi Arabia. Methodology: This research utilizes the unit root test of Dickey & Fuller (1981), cointegration test of Pesaran et al. (2001), and bound testing values of Kripfganz & Schneider (2020). Main Findings: Income and secondary education increase Renewable Energy Consumption (REC) in the long and short run. Primary education reduces REC in the long run, and the lag of primary education has a positive effect on REC. Implication: This research recommends to increase the level of education to promote renewable energy consumption for a cleaner environment. Novelty: Educational level and renewable energy consumption nexus have not been investigated in Saudi Arabia. Therefore, we claim an empirical contribution.

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