Economic Growth, Energy Consumption and Tourism Development in Taiwan: A Granger Causality Approach

2012 ◽  
Vol 524-527 ◽  
pp. 3376-3379 ◽  
Author(s):  
Ming Liu ◽  
Sue Ling Lai ◽  
Kuo Cheng Kuo
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Causal Relationship ◽  
Tourism Development ◽  
Point Of View ◽  
Test Results ◽  
Policy Makers ◽  
Long Run ◽  
Equilibrium Relationship ◽  
Growth Energy

This study examines the causal relationship among economic growth, energy consumption and tourism development in Taiwan over the period from 1965 to 2010. Three Principle test results emerge from this study. First, test results indicate a long-run equilibrium relationship and a bi-direction of causality between energy consumption and tourism development with one proxy, number of visitors, being more significant than the other, visitor expenditures. Second, a bi-directional causality between energy consumption and economic growth is observed. Third, test results indicate no reciprocal causal relationship between tourism development and economic growth. From an energy conservation and sustainable tourism point of view, it is suggested policy makers and industry leaders develop high value, high profit tourism products that aim on attracting more visitor expenditures rather than numbers of visitor.

Energy consumption and economic growth nexus: Panel co-integration and causality tests for Sub-Saharan Africa

2014 ◽  
Vol 25 (4) ◽  
pp. 93-100 ◽  
Author(s):  
Basiru Oyeniran Fatai
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Unit Root Test ◽  
Sub Saharan Africa ◽  
Test Results ◽  
Long Run ◽  
Equilibrium Relationship ◽  
Causality Tests ◽  
Sub Saharan ◽  
Different Sources

This study reassesses the causal relationships between energy consumption and economic growth in 18 Sub-Saharan Africa  countries over the period 1980-2011. The Panel Unit Root Test results show that variables (both exogenous and endogenous) are stationary at their first difference with individual effects and individual linear trends, while the results of panel co-integration tests show that energy consumption and economic growth do have a stable long-run equilibrium relationship. There is unidirectional causality from energy consumption to economic growth in East and the Southern Africa Sub-region, which supports the growth hypothesis. As a result, the related authorities in the regions should take a special interest in different sources of energy and invest more in this sector, make suitable policies in this regard and find new alternative and cheap sources of energy. But, there is no causality between energy consumption and economic growth in Central and the West Africa Sub-region, which is in line with the neutrality hypothesis. In other words, both energy consumption and economic growth are neutral with respect to each other. Our results confirm the inconclusive nature of a causality relationship between energy consumption and economic growth.

Effect of Tourism Development on Energy Consumption, CO2 and Economic Growth in China

2012 ◽  
Vol 524-527 ◽  
pp. 3380-3383 ◽  
Author(s):  
Kuo Cheng Kuo ◽  
Ming Liu ◽  
Sue Ling Lai
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Energy Conservation ◽  
Arima Model ◽  
Tourism Development ◽  
Point Of View ◽  
The Other ◽  
Test Results ◽  
Growth Point ◽  
The Relationship

This study examines the effect of tourism development on energy consumption, CO2 and economic growth in China over the period from 1981 to 2010. An extension of ARIMA model was performed to investigate the relationship between variables. Two principle test results emerge from this study. First, increases on visitors may largely give rise to GDP. On the other hand, increase on tourism receipts may result in greater energy consumption and CO2 emission to some extent as compared to number of visitors. However, the amount of effects from either tourism receipts or number of visitors to energy consumption and CO2 emission are limited. From an energy conservation and economic growth point of view, the results support the hypothesis of tourism-led economic growth in the China economy with relatively limited increase of energy consumption and CO2 emission.

scholarly journals Relationship Among Economic Growth, Energy Consumption, CO2 Emission, and Urbanization: Evidence From MINT Countries

SAGE Open ◽  
2020 ◽  
Vol 10 (2) ◽  
pp. 215824402091464 ◽  
Author(s):  
Jamiu Adetola Odugbesan ◽  
Husam Rjoub
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Potential Growth ◽  
Urbanization Level ◽  
Development Indicators ◽  
Long Run ◽  
Bidirectional Relationship ◽  
Sustainable Urbanization ◽  
Growth Energy ◽  
Yearly Data

This study aimed at examining the synergy among economic growth, carbon dioxide (CO2) emissions, urbanization, and energy consumption in MINT (Mexico, Indonesia, Nigeria, and Turkey) countries. Yearly data from 1993 to 2017, which were sourced from World Bank Development Indicators, were employed, and the analysis was performed by employing the ARDL Bounds test approach. The findings from the study reveal that the energy–growth hypothesis that assumed unidirectional causality from energy consumption was true for Nigeria and Indonesia, whereas Mexico and Turkey followed the feedback hypothesis, which indicates a bidirectional relationship. Meanwhile, all the MINT countries show a long-run relationship from economic growth, energy consumption, and CO2 emissions to urbanization. The study suggests that the policymakers in MINT countries should develop an energy conservation policy that will enhance the potential growth of their economy. More so, there is a need to promote green industries. Finally, to ensure sustainable urbanization in MINT countries, concerted efforts need to be made to ensure the reduction in the urbanization level, so as to ensure the sustainability of the urbanization, but without compromising the economic growth, through the formulation of policies that will ensure the decrease in CO2 emissions to achieve quality environment.

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.

The dynamic relationship between CO2 emission, international tourism and energy consumption in Pakistan: a cointegration approach

2019 ◽  
Vol 74 (4) ◽  
pp. 761-779 ◽  
Author(s):  
Yaping Liu ◽  
Tafazal Kumail ◽  
Wajahat Ali ◽  
Farah Sadiq
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Granger Causality ◽  
Environmental Quality ◽  
Energy Use ◽  
Ardl Model ◽  
Content Type ◽  
Dynamic Relationship ◽  
Long Run ◽  
Growth Energy

Purpose The present study aims to investigate the dynamic relationship between international tourist receipts, economic growth, energy use and carbon dioxide (CO2) emissions in Pakistan over the period 1980-2016. Many researchers have investigated the link between tourism and CO2 emissions, but there is no clear picture as the results are contradictory. This study is an attempt to compliment the literature related to tourism and environmental quality. Design/methodology/approach The study adopted the autoregressive distributed lagged (ARDL) model to investigate the short- and long-run estimates simultaneously. The study further applied Granger causality to find out the direction of causalities. To arrive at long-run robust estimates, the study used dynamic ordinary least squares (DOLS) model. Findings The results found that tourist receipts have no significant impact on environmental quality, while growth and energy consumption are the main determinants of CO2 emissions in Pakistan. The Granger causality test confirmed unidirectional causalities from GDP and energy consumption toward CO2 emissions, while tourist receipts do not affect environmental quality. DOLS technique confirmed the long-run estimates of ARDL model. Research limitations/implications The result of the study complements the literature by adding new evidence regarding the nexus of tourism and environment. Findings of the study are important for policymakers and regulatory bodies to place their focus on the development of tourism sector (services sector) rather than energy-intensive manufacturing activities to sustain the growth of the country in higher quartiles, as tourism receipts have no significant negative externalities toward environment, while energy use is one of the key determinants of environmental degradation. Originality/value This study used time series data over the period 1980-2016 for Pakistan to inspect the dynamic relationship between tourist receipts, economic growth, energy consumption and CO2 emissions.

Investigating the Causal Linkage Among Economic Growth, Energy Consumption and CO2 Emissions in Thailand: An Application of the Wavelet Coherence Approach

2020 ◽  
Vol 10 (1) ◽  
pp. 17-26 ◽  
Author(s):  
Tomiwa Sunday Adebayo ◽  
Gbenga Daniel Akinsola
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Co2 Emissions ◽  
Time Series Data ◽  
Wavelet Coherence ◽  
Series Data ◽  
Energy Usage ◽  
Positive Correlation ◽  
Long Run ◽  
Growth Energy

The study aims to explore the causal linkage between CO2 emissions, economic growth and energy consumption in Thailand utilizing the wavelet coherence approach, conventional Granger and the Toda-Yamamoto causality techniques. In this study, In this study, time-series data spanning the period between 1971 and 2018 were used. No prior study has used the wavelet coherence approach to collect information on the association and causal interrelationship among these economic variables at different frequencies and timeframes in Thailand. The study objectives are structured to answer the following question: Does economic growth and energy consumption lead to CO2 emissions in Thailand?. The findings revealed that: (a) Changes in economic growth led to changes in CO2 emissions in Thailand at different frequencies (different scales) between 1971 and 2018. (b) A bidirectional causal relationship between CO2 emissions and energy consumption. (c) A positive correlation between CO2 emissions and energy usage in the short and long-run between 1971 and 2018. (d) A positive correlation between GDP growth and CO2 emissions in the short and long-run between 1971 and 2018. The study suggested that Thailand should initiate stronger policies towards enhancing the efficiency of energy and energy-usage programs to minimize unnecessary energy waste.

scholarly journals Energy and economic growth in G20 countries: Panel cointegration analysis

2020 ◽  
Vol 9 (2) ◽  
pp. 56 ◽  
Author(s):  
Aynur Pala
Keyword(s):  
Economic Growth ◽  
Global Warming ◽  
Energy Consumption ◽  
Energy Demand ◽  
Panel Cointegration ◽  
Cointegration Analysis ◽  
Vector Error Correction ◽  
Long Run ◽  
Equilibrium Relationship ◽  
Dynamic Ols

Rising economic performance has enlarged energy demand, carbon emissions and global warming. Policymakers need to avoid global warming. Therefore, energy-growth nexus is important. This paper empirically investigates the relationship between energy consumption and economic growth for a panel of G20 countries over the period 1990-2016. For this purpose, the paper considers the panel cointegration and panel vector error correction model. Panel cointegration test set out a long-run equilibrium relationship. Long-run relationship is estimated using a Fully Modified OLS (FMOLS) and Dynamic OLS (DOLS). The results show that causality run from energy consumption to GDP. It is indicates that “growth hypothesis” is valid for G20 countries.

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