scholarly journals The Nexus between Energy Consumption, Biodiversity, and Economic Growth in Lancang-Mekong Cooperation (LMC): Evidence from Cointegration and Granger Causality Tests

2019 ◽  
Vol 16 (18) ◽  
pp. 3269 ◽  
Author(s):  
Liu ◽  
Liang
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Fossil Fuels ◽  
Policy Implications ◽  
Indochina Peninsula ◽  
Dominant Position ◽  
Fossil Energy ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Causality Tests

This work is proposed to examine the relationships between energy consumption, biodiversity, and economic growth for China and five countries in the Indochina Peninsula, which are Cambodia, Laos, Myanmar, Thailand, and Vietnam, who also belong to Lancang-Mekong Cooperation, for the time span from 1991 to 2014. For this purpose, this work adopted autoregressive distributed lag (ARDL) through a dynamic simulation process. The estimation outcomes indicate that the nexus of the economic growth and energy consumption are diversified in fossil energy consumption and renewable consumption, respectively. The results are consistent with the fact that renewable energy is an alternative to fossil fuels, and traditional energy is still in the dominant position. This work is expected to serve as a first-hand examination on Lancang-Mekong Cooperation by adding innovative perspectives into existing research. Meanwhile, policy implications will also be discussed in this work.

Causal dynamics between renewable energy consumption and economic growth in South Korea: Empirical analysis and policy implications

2018 ◽  
Vol 29 (7) ◽  
pp. 1298-1315 ◽  
Author(s):  
Seong-Hoon Lee ◽  
Yonghun Jung
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
South Korea ◽  
Policy Implications ◽  
Renewable Energy Consumption ◽  
Vector Error Correction ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Causality Tests

This paper examines the causal relationship between renewable energy consumption and economic growth in South Korea using a framework of the conventional neo-classical production function of capital, labor, and renewable energy. We use cointegration technique of the autoregressive distributed lag bounds test and vector error correction mechanism causality tests to determine the econometric relationship, using data for the period 1990–2012; the results support the conservation hypothesis for South Korea. The results of the autoregressive distributed lag bounds test show that renewable energy consumption has a negative effect on economic growth, and the results of a vector error correction mechanism causality tests indicate a unidirectional relationship from economic growth to renewable energy consumption. The empirical results imply that economic growth is a direct driver expanding renewable energy use. In terms of policy implications, it is best for policy makers to focus on overall economic growth rather than expanding renewable energy to drive economic growth.

Urbanization and the Consumption of Fossil Energy Sources in the Emerging Southeast Asian Countries

2021 ◽  
pp. 097542532199037
Author(s):  
Chi Minh Ho ◽  
Luong Tan Nguyen ◽  
Anh The Vo ◽  
Duc Hong Vo
Keyword(s):  
Energy Consumption ◽  
Fossil Fuels ◽  
The Philippines ◽  
Policy Implications ◽  
Oil Consumption ◽  
Long Term Effects ◽  
Coal Consumption ◽  
Fossil Energy ◽  
Distributed Lag ◽  
Long Run

Fossil energy consumption is considered a source of environmental degradation. While the demand for fossil energy increases during the process of urbanization, different nations rely upon different sources of fossil energy. As such, a one-size-fits-all approach in reducing the consumption of fossil fuels to improve the quality of the environment is neither logical, nor practical. This study investigates the short-term and long-term effects of urbanization in relation to fossil energy consumption from coal, gas and oil. The auto-regressive distributed lag (ARDL) is employed on the sample of five emerging ASEAN nations in the 1985–2018 period. The findings reveal that that urbanization in Indonesia, Malaysia and Thailand appears to be associated with an increase in coal consumption in the short run. In Vietnam, gas consumption will increase with urbanization. However, in the long run, urbanization in Thailand and Vietnam is linked to an increase in oil consumption. Urbanization in Indonesia, Malaysia and the Philippines leads to the reduction of coal consumption in the long run. Policy implications have emerged based on the findings of this study.

Electricity Consumption–Economic Growth Nexus: Evidence from ARDL Bound Testing Approach in the Tunisian Context

2020 ◽  
pp. 097215092092543 ◽  
Author(s):  
Zouheir Mighri ◽  
Hanen Ragoubi
Keyword(s):  
Economic Growth ◽  
Electricity Consumption ◽  
Bounds Testing ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Long Run ◽  
Causality Tests ◽  
Short Run ◽  
Testing Approach ◽  
Causal Nexus

This article investigates the causal nexus between electricity consumption and economic growth in Tunisia for the period 1971–2013 by using autoregressive distributed lag (ARDL) bounds testing approach of cointegration and Granger causality tests. The empirical findings indicate the existence of a long-term relationship between electricity consumption and economic growth. Besides, they support the conservation hypothesis in the long run, while they confirm the growth hypothesis in the short run.

scholarly journals Renewable Energy and Economic Growth: Evidence from European Countries

2018 ◽  
Vol 10 (8) ◽  
pp. 2626 ◽  
Author(s):  
Stamatios Ntanos ◽  
Michalis Skordoulis ◽  
Grigorios Kyriakopoulos ◽  
Garyfallos Arabatzis ◽  
Miltiadis Chalikias ◽  
...  
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Renewable Energy Sources ◽  
European Countries ◽  
Energy Sources ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Long Run ◽  
Fixed Capital Formation

This paper aims at examining the relationship between energy consumption deriving from renewable energy sources, and countries’ economic growth expressed as GDP per capita concerning 25 European countries. The used dataset involves European countries’ data for the period from 2007 to 2016. The statistical analysis is based on descriptive statistics, cluster analysis, and autoregressive distributed lag (ARDL), and reveals that all variables are related; this suggests a correlation between the dependent variable of GDP and the independents of renewable energy sources (RES) and Non-RES energy consumption, gross fixed capital formation, and labor force in the long-run. Furthermore, the results show that there is a higher correlation between RES’ consumption and the economic growth of countries of higher GDP than with those of lower GDP. The obtained results are consistent with other papers reviewed in this study.

scholarly journals Petroleum Consumption and Financial Development in Malaysia

2016 ◽  
Author(s):  
Jen-Eem Chen ◽  
Yan-Ling Tan ◽  
Chin-Yu Lee ◽  
Lim-Thye Goh
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Granger Causality ◽  
Financial Development ◽  
Granger Causality Test ◽  
Financial Sector ◽  
Causality Test ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Long Run

This paper aims to contribute to the existing literature by examining the dynamic relationship among petroleum consumption, financial development, economic growth and energy price. The sample of this study is based on the Malaysian annual data from 1980 to 2010. The model specification was examined in the Autoregressive Distributed Lag (ARDL) framework and the results revealed the existence of a long-run equilibrium. The findings indicated that financial development and economic growth cause a demand for energy to escalate in the long run. The Toda-Yamamoto (TYDL) non Granger-causality test provides evidence that there is unidirectional Granger-causality running from financial development and economic growth to energy consumption in the long run. This suggests that Malaysia is not an energy-dependent country. Hence, the government could implement energy conservation policies to reduce the waste of energy use. Given that development in the financial sector, and economic growth increase petroleum consumption in Malaysia, the policies pertaining to energy consumption should incorporate the development of the financial sector and economic growth of country.   Keywords: Petroleum consumption, financial development, non-renewable energy, Autoregressive Distributed Lag (ARDL), Toda-Yamamoto (TYDL) non Granger-causality test

scholarly journals The Effect of Renewable Energy Consumption on Economic Growth in Croatia

2021 ◽  
Vol 24 (1) ◽  
pp. 113-126
Author(s):  
Sonia Pearson
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Renewable Energy Consumption ◽  
Energy Investment ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Long Run ◽  
Renewable Energy Investment ◽  
The Empirical Analysis

Abstract This paper investigates the effect of renewable energy on economic growth in Croatia for the period 1996-2018. The Autoregressive Distributed Lag (ARDL) technique is used to find the long run relationships between renewable energy, energy consumption and economic growth. The empirical analysis indicates that renewable energy has a positive and significant effect on economic growth in the short and long run. These findings indicate that the Croatian government can continue to boost renewable energy investment without impeding economic growth.

scholarly journals Population growth, income growth and savings in Ghana

2020 ◽  
Vol 22 (2) ◽  
pp. 281-296
Author(s):  
John Gartchie Gatsi ◽  
Michael Owusu Appiah
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Population Growth ◽  
Positive Impact ◽  
Policy Formulation ◽  
Content Type ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Efficient Access ◽  
The Relationship

PurposeThe study explores the relationship among economic growth, population growth, gross savings and energy consumption over the period 1987– 2017.Design/methodology/approachThe autoregressive distributed lag (ARDL) bounds test approach by Pesaran et al. (2001) was employed to investigate variables for the study.FindingsIn the key findings, both gross savings and population growth negatively affect economic growth. However, energy consumption has positive impact on economic growth.Practical implicationsThese findings call for policy portfolios to address the impacts of gross savings and population growth on economic development. In particular, the financial sector needs to be revamped to be more efficient in channeling funds from the surplus units to the deficit units. It is recommended that investment be made in financial and technological innovation to provide efficient access to credits and other financial products even though individual savings may not move with economic growth.Originality/valueMany studies have explored the nexus between savings and economic growth without considering population growth and energy consumption. In this study, the relationship among savings, economic growth, population growth and energy consumption provide additional knowledge in policy formulation.

Economic Growth, Energy Consumption and Carbon Emissions in China: A Cointegration Analysis

2013 ◽  
Vol 291-294 ◽  
pp. 1616-1619 ◽  
Author(s):  
Qun Wei Wang ◽  
Cheng Ling Cai ◽  
Dan Lu
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Carbon Emissions ◽  
Carbon Dioxide Emissions ◽  
Cointegration Analysis ◽  
Policy Implications ◽  
Causality Test ◽  
Distributed Lag ◽  
Long Run ◽  
Growth Energy

This paper studies the relationships between economic growth, energy consumption and carbon dioxide emissions using an autoregressive distributed lag (ARDL) procedure and Engle-Granger causality test in China over the period 1965-2011. The empirical results show that GDP, energy and carbon emissions have appeared to be cointegrated. Moreover, there exists unidirectional causality from energy consumption to economic growth and carbon emissions to economic growth in short run. It has also been found that energy consumption and carbon emissions promote economic growth in long run. Some policy implications have been proposed finally.

scholarly journals Energy Consumption and Economic Growth Nexus in China: Autoregressive Distributed Lag (ARDL)

2020 ◽  
Vol 10 (2) ◽  
pp. 194
Author(s):  
Wan-Lin Yong ◽  
Jerome Kueh ◽  
Yong Sze Wei ◽  
Jang-Haw Tiang
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Energy Consumption ◽  
Carbon Dioxide Emissions ◽  
Carbon Dioxide Emission ◽  
Sustainable Growth ◽  
Total Export ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Long Run

This paper intends to investigate the nexus between energy consumption, carbon dioxide emission, total export and economic growth of China from 1971 to 2014. This study adopted Autoregressive Distributed Lag (ARDL) bounds test to examine the existence of short-run and long-run relationships among the variables. Empirical findings indicated that energy consumption contribute to economic growth while carbon dioxide emission is impeding the growth. There is a positive long-run relationship between both energy consumption and total export with economic growth of China. However, a negative relationship is observed between carbon dioxide emissions and economic growth. Hence, in terms of policy recommendation, policymakers can implement a balance environment-economic policy; reduce the carbon dioxide emission by imposing carbon tax; promote renewable energy among the industries and households and promoting reserves forest policy is needed for aspiration of sustainable growth for both environmental and economic.

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