The Causality Relationship Between Natural Gas Consumption and Economic Growth in Caucasus and Central Asian Economies With Natural Gas Exporters

2020 ◽  
pp. 1-17 ◽  
Author(s):  
Meryem Filiz Baştürk
Keyword(s):  
Economic Growth ◽  
Natural Gas ◽  
Causality Analysis ◽  
Real Gdp ◽  
Central Asian ◽  
Panel Granger Causality ◽  
Asian Economies ◽  
Gas Consumption ◽  
Causality Relationship ◽  
Natural Gas Consumption

In this study, the causality relationship between natural gas consumption and economic growth in the Caucasus and Central Asian economies (Azerbaijan, Kazakhstan, Uzbekistan, and Turkmenistan) exporting natural gas was investigated using the bootstrap panel Granger causality analysis developed by Kónya for the period 1993–2017. As a result of the analysis, a causality from natural gas consumption to real GDP for Azerbaijan and a causality from real GDP to natural gas consumption in Uzbekistan and Turkmenistan were found. For Kazakhstan, the authors concluded that there was a bi-directional causality between natural gas consumption and real GDP.

Empirical research on the relationship between natural gas consumption and economic growth in the Northeast Asia

2018 ◽  
Vol 29 (2) ◽  
pp. 216-231 ◽  
Author(s):  
Li Zhi-Guo ◽  
Han Cheng ◽  
Wei Dong-Ming
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Natural Gas ◽  
Granger Causality ◽  
Northeast Asia ◽  
Gas Consumption ◽  
Causality Relationship ◽  
Natural Gas Consumption ◽  
The Impact ◽  
The Relationship

The Northeast Asia, as one of the most rapidly development regions, has a large amount of energy consumption. Therefore, it is very significant to study the relationship between natural gas consumption and economic growth in the Northeast Asia. This paper builds Panel Data Model to study the relationship between natural gas consumption and economic growth in China, Japan, and Korea from 1991 to 2015, on the basis of analyzing the impact mechanism that natural gas has on economic growth. This paper finds that the Japan’s elasticity coefficient of natural gas consumption is the highest, whereas Korea’s is the lowest, and China’s is in the middle of these two countries, because of countries’ different development level and energy consumption mode. Moreover, the results of Granger causality relationship test show that there is only one-way Granger causality relationship between natural gas consumption and economic growth of China, but no causal relationship is found for Japan and Korea.

Natural gas consumption and economic growth nexus: an investigation for France

2019 ◽  
Vol 14 (2) ◽  
pp. 261-284
Author(s):  
Sahbi Farhani ◽  
Mohammad Mafizur Rahman
Keyword(s):  
Economic Growth ◽  
Natural Gas ◽  
Causal Relation ◽  
Causality Analysis ◽  
Bounds Testing ◽  
Content Type ◽  
Long Run ◽  
Gas Consumption ◽  
Natural Gas Consumption ◽  
The Relationship

Purpose The purpose of this study is to investigate the relationship between natural gas consumption and economic growth of France. Design/methodology/approach To analyze the relationship, an extended Cobb–Douglas production function is used. The auto-regressive distributive lag bounds testing approach is applied to test the existence of the long-run relationship between the series. The vector error correction model Granger causality approach is implemented to detect the direction of causal relation between the variables. Findings The results show that variables are cointegrated for the long-run relationship. They also indicate that natural gas consumption, exports, capital and labor are the contributing factors to economic growth in France. The causality analysis indicates that feedback hypothesis is validated between gas consumption and economic growth. The bidirectional causality is also found between exports and economic growth, gas consumption and exports and capital and gas consumption. Research limitations/implications The feedback hypothesis between gas consumption and economic growth implies that adoption of energy conservation policies should be discouraged; rather, gas consumption and economic growth policies should be jointly implemented. Originality/value This study is an original work for France and shows the results of the relationship between natural gas consumption and economic growth. In line with the results of this study, new direction for policy makers is opened up to formulate a comprehensive energy policy to sustain long-term economic growth in France.

Scenario Prediction of China’s Natural Gas Consumption and Carbon Emissions in the Next Ten Years

2021 ◽  
Vol 16 (3) ◽  
pp. 569-587
Author(s):  
Chunzi Wang ◽  
◽  
Mingxiong Zhu ◽  
Keyword(s):  
Economic Growth ◽  
Natural Gas ◽  
Emission Reduction ◽  
Carbon Emission ◽  
Gas Production ◽  
High Rate ◽  
Carbon Emission Reduction ◽  
Gas Consumption ◽  
Natural Gas Consumption ◽  
Low Rate

Based on Johansen Cointegration Test, this paper sheds light on the long-run equilibrium relationship between natural gas consumption, gas production, and GDP in China. Three different natural gas demand scenarios of low, medium and high rates in the next ten years are considered, and a Neural Network Autoregression Model is used to predict the future carbon dioxide emission. We conclude: (1) In all three scenarios, the growth rates of natural gas consumption are all higher than those of natural gas production, while the gap between demand and domestic supply will gradually turn broader and China will largely rely on imports ; (2) In the scenario of low-rate economic growth, natural gas consumption will grow slowly, and it will be difficult to realize the carbon emission reduction targets by 2030 due to low-rate substitution of natural gas for coal; (3) If medium-rate to high-rate economic growth sustains, coupled with rapid increase in natural gas consumption and production, China’s Carbon Emission Reduction Targets for 2030 can be achieved with high-rate substitution of natural gas for coal.

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