scholarly journals The Correlation between Energy Cost Share, Human, and Economic Development: Using Time Series Data from Australasia, Europe, North America, and the BRICS Nations

Energies ◽  
2018 ◽  
Vol 11 (9) ◽  
pp. 2405 ◽  
Author(s):  
Ryan Roberts ◽  
Josephine Musango ◽  
Alan Brent ◽  
Matthew Heun

This paper investigates how a change in a region’s energy cost share (ECS), a ratio of a region’s energy expenditure as a fraction of its gross domestic product (GDP), affects the region’s social and economic development. Nations from four regions of the world, namely Australasia, Europe, North America, and the BRICS nations (Brazil, Russia, India, China, and South Africa) were chosen for this study. Using time series data from the period of 1978 to 2010, the annual ECS of each country was compared to the year-on-year GDP change, as well as the components of the human development index (HDI). High ECS values were seen to correlate with low economic development. The existence of an ECS threshold was found in 14 of the 15 countries, for all the regions, and for the worldwide analysis, with very strong correlation coefficients obtained for periods of high ECS. New to this field of research, this study also investigated the effects of ECS on gross national income (GNI) per capita change, as well as the effects of 0, 1, 2, and 3 year lags. This investigation found that ECS has a very strong correlation to GNI per capita change, which was much stronger than the correlation between ECS and GDP change. The effects of ECS on social and economic development occurred after varying time lags, and it is unique to each country and region. Regions with similar ECS dynamics were identified, with possible reasons for the similarities being provided.

2012 ◽  
Vol 616-618 ◽  
pp. 1512-1515
Author(s):  
Wei Hua Du

Take for example the BRIC economies: Brazil, Russia, India and China. We investigated the time series data on the relationship between carbon dioxide emission and economic growth in these fast-growing developing countries by both comparative statics and comparative dynamics. The results show that there is the monotonic relationship between total carbon dioxide emissions, carbon dioxide emissions per capita and per capita GDP in any one of the BRIC countries. And there is decreasing relationship between the carbon dioxide emissions per unit GDP and per capita GDP.


Author(s):  
Shaolong Zeng ◽  
Yiqun Liu ◽  
Junjie Ding ◽  
Danlu Xu

This paper aims to identify the relationship among energy consumption, FDI, and economic development in China from 1993 to 2017, taking Zhejiang as an example. FDI is the main factor of the rapid development of Zhejiang’s open economy, which promotes the development of the economy, but also leads to the growth in energy consumption. Based on the time series data of energy consumption, FDI inflow, and GDP in Zhejiang from 1993 to 2017, we choose the vector auto-regression (VAR) model and try to identify the relationship among energy consumption, FDI, and economic development. The results indicate that there is a long-run equilibrium relationship among them. The FDI inflow promotes energy consumption, and the energy consumption promotes FDI inflow in turn. FDI promotes economic growth indirectly through energy consumption. Therefore, improving the quality of FDI and energy efficiency has become an inevitable choice to achieve the transition of Zhejiang’s economy from high speed growth to high quality growth.


1988 ◽  
Vol 30 (2) ◽  
pp. 294-310 ◽  
Author(s):  
Peter B. Dixon ◽  
David A. Prentice ◽  
Lynne S. Williams

In the study summarized here, estimates were made of the costs of employing labour in Australian industries for the years 1968-69 to 1985-86. The estimates include wages and five types of on-costs. They imply that the on-cost share in labour costs increased sharply in each industry over the period 1968-69 to 1974-75. Since 1974-75, on-cost shares have continued to grow but at moderate rates. The estimates rely on a wide variety of data sources and involve numerous interpolations and extrapolations. They are suitable for the analysis of medium-term trends rather than annual movements. It is to be hoped that the ABS continues its surveys of labour costs started in 1987. These surveys would then provide satisfactory time-series data for investigating the relationship between labour costs and other variables such as employment and inflation. They would also obviate the need for further studies of the type reported in this paper.


Media Ekonomi ◽  
2019 ◽  
Vol 25 (2) ◽  
pp. 147
Author(s):  
Soeharjoto Soeharjoto

<em></em><em><em>This study aims to determine the factors that affect Indonesia's non-oil exports to Japan. The variables used are imports, exchange rates, per capita income, inflation and non-oil exports of Indonesia to Japan</em>. <em>The analytical method used is regression analysis with data used for quarterly time series data from 2005-2016.</em> <em>The results are variable imports of raw and auxiliary materials, cycles, inflation, real Japanese GDP, and the population is able to explain Indonesia's non-oil exports to Japan by 31.3 percent. Imports, exchange rates, per capita income and inflation have a positive and significant effect on non-oil and gas exports to Japan.</em></em><em> </em>


2014 ◽  
Vol 59 (01) ◽  
pp. 1450006
Author(s):  
SUSUMU HONDAI

Indonesia has done remarkably well in the areas of both economic growth and poverty reduction. However, the economic situations differ significantly among Indonesian provinces. Some provinces have already developed well, while the rest have been left behind. The variation in the situations will generate a synthetic long-run time series data of economic development as a whole and enable us to find out when income equality starts to improve in a course of economic development.


2017 ◽  
Vol 4 (1) ◽  
pp. 160874 ◽  
Author(s):  
Matteo Smerlak ◽  
Bapu Vaitla

Resilience, the ability to recover from adverse events, is of fundamental importance to food security. This is especially true in poor countries, where basic needs are frequently threatened by economic, environmental and health shocks. An empirically sound formalization of the concept of food security resilience, however, is lacking. Here, we introduce a general non-equilibrium framework for quantifying resilience based on the statistical notion of persistence. Our approach can be applied to any food security variable for which high-frequency time-series data are available. We illustrate our method with per capita kilocalorie availability for 161 countries between 1961 and 2011. We find that resilient countries are not necessarily those that are characterized by high levels or less volatile fluctuations of kilocalorie intake. Accordingly, food security policies and programmes will need to be tailored not only to welfare levels at any one time, but also to long-run welfare dynamics.


2021 ◽  
Vol 5 (3) ◽  
pp. 748-761
Author(s):  
Okvianti Putri ◽  
◽  
Teti Sugiarti

Salt demand is increasing along with population and industry growth. The imbalance between the amount of industrial salt production with the amount of industrial salt demand is a problem at this time, so to meet the demand for industrial salt, imports are needed. The objectives of this study are: (1) to know trends in the volume of Indonesian salt imports in 2019-2023, (2) to know the factors that influence the demand for industrial salt import volumes in Indonesia. The study uses time series data (2007-2018) which is processed and analyzed using trend analysis and multiple regression analysis. The results showed that the trend of industrial salt import volume in Indonesia during 2019-2023 was predicted to increase by 107,101 tons / year. The factors that significantly and positively affect the volume of industrial salt imports in Indonesia are the variable price of imported salt and the number of industries that use raw salt, while the variable amount of production, exchange rate and GDP growth in Indonesia per capita have no significant effect. Suggestions for reducing the rate of imports can be done by improving production technology, government policies related to international salt price stability and industrial salt import quotas.


HortScience ◽  
1992 ◽  
Vol 27 (10) ◽  
pp. 1129-1131 ◽  
Author(s):  
J.E. Epperson ◽  
M.C. Chien ◽  
W.O. Mizelle

An analysis was conducted using time-series data to identify possible structural change in the farm-gate demand for South Atlantic fresh peaches [Prunus persica (L.) Batsch.]. Structural change was not found in the price-quantity relationship. However, a failing per capita consumption of South Atlantic fresh peaches was found to be associated with an increase in the per capita consumption of fresh fruits in general. Thus, measures such as promotion and advertising, uniform quality control, and cultivar development may increase the demand for South Atlantic fresh peaches.


Sign in / Sign up

Export Citation Format

Share Document