scholarly journals THE CAUSAL RELATIONSHIP BETWEEN, ELECTRICITY CONSUMPTION AND ECONOMIC GROWTH IN KINGDOM OF SAUDI ARABIA: A DYNAMIC CAUSALITY TEST

2020 ◽  
Vol 11 (1) ◽  
pp. 333-340
Author(s):  
brahim Abdelrasoul Mohammed Belal ◽  
Sumaya Awad Khader Ahmed ◽  
Faouzi Hedi Boujedra
Keyword(s):  
Economic Growth ◽  
Saudi Arabia ◽  
Causal Relationship ◽  
Electricity Consumption ◽  
Kingdom Of Saudi Arabia ◽  
Causality Test

scholarly journals Electricity Consumption, Corruption and Economic Growth

2018 ◽  
Vol 6 (4) ◽  
pp. 193-214
Author(s):  
Busrat Abidemi Agbaje ◽  
Ekele Idachaba
Keyword(s):  
Economic Growth ◽  
Causal Relationship ◽  
Electricity Consumption ◽  
Electricity Price ◽  
African Countries ◽  
Causality Test ◽  
Long Run ◽  
Integration Techniques ◽  
Short Run ◽  
Electricity Infrastructure

An important prerequisite for reducing poverty, sustainable development and achievement of the millennium development goal has to some extent been tied to access to electricity. However, the subject matter; 'electricity consumption causing economic growth' has seen conflicting results from the theoretical and empirical front, if indeed a relationship exist at all. The study tests, within a panel context the long-run relationship between electricity consumption and economic growth for 13 African Countries from 2006 to 2017 by employing recently developed panel co-integration techniques. Implementing a three stage approach made up of panel unit root, panel co-integration and Granger causality test to examine the causal relationship between electricity consumption, electricity price, corruption, employment and growth. The study provides empirical evidence that a bidirectional causal relationship between electricity consumption and economic growth exist in the short run, suggesting that lack of electricity could hamper economic growth as well as an investment in electricity infrastructure would in turn improve economic growth. Also reveals that corruption causes the level of electricity consumption and GDP in the short run. On the long-run front electricity consumption and electricity price granger causes GDP and GDP causes electricity consumption.

The Relationship Between Electricity Generation, Electricity Consumption, and Economic Growth in Turkey 1975-2019

2021 ◽  
pp. 195-211
Author(s):  
Abdulkadir Keskin ◽  
Berat Kara
Keyword(s):  
Economic Growth ◽  
Causal Relationship ◽  
Electricity Generation ◽  
Electric Energy ◽  
Electricity Consumption ◽  
Electrical Energy ◽  
Test Method ◽  
Causality Test ◽  
The Relationship ◽  
Electrical Energy Generation

Electric energy is very important both technologically and economically in today's countries. Countries can generate and consume more energy according to their level of development and the resources they have. In the literature, it is estimated in parallel with the development of countries; there will also be an increase in electrical energy generation and consumption. Similarly, in economies that generate and consume more electricity, it is assumed that this will affect their economic growth. But these assumptions need to be calculated econometrically. This study has been prepared for this purpose. In this study, the relationship between electricity generation, electricity consumption, and economic growth in Turkey was analyzed. In the analysis conducted for the period 1975-2019, the Toda-Yamamoto causality test method was preferred as the method. As a result of the analysis, it was determined that there is a causal relationship from electricity consumption and electricity generation to economic growth, valid for the period 1975-2019 in Turkey.

scholarly journals Exploration of the Effect of Oil and Non-Oil Export on Economic Growth in the Kingdom of Saudi Arabia

2020 ◽  
Author(s):  
Uzma Khan ◽  
Aarif Mohammad Khan ◽  
Md. Shabbir Alam
Keyword(s):  
Economic Growth ◽  
Saudi Arabia ◽  
Causal Effect ◽  
Growth Unit ◽  
Kingdom Of Saudi Arabia ◽  
Causality Test ◽  
Integration Test ◽  
Oil Export ◽  
Export Revenue ◽  
The Impact

Abstract The tactical master plan for the Kingdom of Saudi Arabia aims to resolve the Kingdom's economy from its reliance on oil revenues by diversifying its economy. Therefore, this research explores the impact of oil and non-oil export revenue on economic growth. Unit root test analysis illustrates that the series becomes stationary when level and first difference is considering and having a one lag length. Johansen co-integration test indicates the presence of both periods among the models. The outcomes indicate a short-run causal effect from both oil and non-oil export to economic growth. Additionally, Impulse Response Function and Variance Decomposition also indicated that non-oil export revenue could act better than the revenue generated by oil export. However, the granger causality test indicates no causal relationship among any parameters. Policies recommend that by promoting the non-oil export will enhance the economic progress.

scholarly journals The Impact of Economic Growth on Unemployment Case study:  The King of Saudi Arabia during the period 1980- 2018: أثر النمو الاقتصادي على البطالة- دراسة حالة المملكة العربية السعودية خلال الفترة: 1980- 2018م

2020 ◽  
Vol 4 (6) ◽  
Author(s):  
Abbas Fouad Abbas Hasan
Keyword(s):  
Economic Growth ◽  
Saudi Arabia ◽  
Primary Source ◽  
Strong Relationship ◽  
Economic Policies ◽  
Negative Effects ◽  
Kingdom Of Saudi Arabia ◽  
Causality Test ◽  
Integration Test ◽  
The Impact

The study seeks to analyze and measure the relationship between rates of unemployment and economic growth in the Kingdom of Saudi Arabia during the period 1980- 2018 and stand on the economic measures by the authorities to address the negative effects of high unemployment rates using the correlation matrix, Granger causality test, the methodology of the Co- integration test, error correction model and Okun model. The study found that there is strong relationship between economic growth and the unemployment rate in the Kingdom of Saudi Arabia during the study period.  The study depends on the data from the Saudi Arabian Monetary Agency (SAMA)، the World Bank and other resources. One of the most important hypotheses of the study there is statistically significant relationship between economic growth and unemployment. The study recommended several recommendations one of them is: develop new economic policies to reduce dependence on oil as a primary source of revenue reducing inflation and working to increase investments, which leads to an increase in the size of the labor market. 

scholarly journals The Role of Tourism in Economic Growth: Empirical Evidence from Saudi Arabia

Economies ◽  
2021 ◽  
Vol 9 (3) ◽  
pp. 117
Author(s):  
Sana Naseem
Keyword(s):  
Economic Growth ◽  
Saudi Arabia ◽  
Time Series Data ◽  
Unit Root Test ◽  
Strong Relationship ◽  
Series Data ◽  
Kingdom Of Saudi Arabia ◽  
Causality Test ◽  
Integration Test

Tourism is vital to the success of many economies worldwide and has been a widely researched area for many years. Unfortunately, an insufficient number of studies have been conducted on this subject in the context of Saudi Arabia. Therefore, this research investigates the role of tourism in promoting economic growth in the Kingdom of Saudi Arabia by using annual time series data from 2003 to 2019. The study uses basic statistics, correlation coefficients, the unit root test, the Johansen co-integration test, the co-integration regression test and the Granger causality test to check the relationship between tourism and economic growth. The results show that economic growth has a long-run relationship with tourism receipts, tourism expenditures and the number of tourist arrivals; the number of tourist arrivals has a strong relationship with economic growth, compared to other parameters. The empirical results validate the concept that tourism promotes economic growth in the kingdom of Saudi Arabia.

scholarly journals The Effect of Education Expenditure on Economic Growth: The Case of the Kingdom of Saudi Arabia

2021 ◽  
Vol 9 (1) ◽  
pp. 14-23
Author(s):  
Zouheyr Gheraia ◽  
Mohamed Benmeriem ◽  
Hanane Abed Abdelli ◽  
Sawssan Saadaoui
Keyword(s):  
Economic Growth ◽  
Saudi Arabia ◽  
Education Expenditure ◽  
Kingdom Of Saudi Arabia

scholarly journals Financial Development and Economic Growth: Time Series Analysis of Economy of Pakistan

2018 ◽  
Vol 5 (2) ◽  
pp. 59
Author(s):  
Muhammad Shoukat Malik ◽  
Raisham Hayee ◽  
Raima Adeel
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Time Series Analysis ◽  
Causal Relationship ◽  
Financial Development ◽  
Granger Causality Test ◽  
Growth Time ◽  
Annual Data ◽  
Causality Test ◽  
Stationary Level

This study aims in understanding the causal relationship between financial development and economic growth. This research used annual data and applied dickey fuller test and granger causality test in order to understand stationary level and causation in variables. The results of this test give support to first hypothesis that financial development causes economic growth. While no evidence was found on the support of our second hypothesis i.e. economic growth is causing financial development.

scholarly journals ODA and Provincial Economic Growth in Vietnam

2019 ◽  
Vol 6 (1) ◽  
pp. 1
Author(s):  
Dang Ngoc Duc ◽  
Do Thi Ngoc Lan
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Empirical Evidence ◽  
Case Studies ◽  
Causal Relationship ◽  
Granger Causality ◽  
Focal Point ◽  
Causal Effect ◽  
Granger Causality Test ◽  
Causality Test

The focal point of this paper is focused on assessing the causal relationship between ODA and economic growth in the localities of Vietnam. This research uses panel data of ODA and GDP from 63 provinces of Vietnam by using Granger Causality test. The results showed that ODA has a causal effect on economic growth (GDP) and vice versa, economic growth decides to attract ODA in provinces in Vietnam. This result complements studies on the causal relationship between ODA and economic growth using new empirical evidence through case studies in the provinces of Vietnam.

scholarly journals Leveraged Bootstrap Test of Volatility: A Novel Approach to the Energy Consumption and Economic Growth Puzzle

2017 ◽  
Vol 9 (9) ◽  
pp. 117 ◽  
Author(s):  
Kuo-Hao Lee ◽  
Jonathan Ohn ◽  
Evren Eryilmaz
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Stock Returns ◽  
Causal Relationship ◽  
Stock Prices ◽  
Granger Causality Test ◽  
Energy Industry ◽  
Causality Test ◽  
Bootstrap Test ◽  
Novel Approach

The main purpose of this research is to examine the causal relationship between the Energy industry and nine other industries by use of volatility instead of returns. Existing literatures find a causal relationship by use of stock returns, however, we find that using volatility reveals a causal relationship that might not otherwise be revealed through returns alone. Since the existing literature shows that volatility of stock prices is informative, we apply a Granger causality test by use of a leveraged bootstrap test developed by Hacker and Hatemi (2006) to investigate the causal behavior of the volatility. Our results show that volatility of the Energy industry causes volatility in two other industries- Industrials and Health Care. Also, the Energy industry market is affected by the Materials, Consumer Staples and Utilities industries. This finding is substantially different from the findings of previous research, and provides a novel approach to analyzing and solving the energy consumption and economic growth puzzle.

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