CAUSAL RELATIONSHIP OF ENERGY CONSUMPTION AND ECONOMIC GROWTH – A CASE STUDY OF PAKISTAN

2021 ◽  
Vol 9 (1) ◽  
pp. 139-164
Author(s):  
Saddam Hussain ◽  
Chunjiao Yu
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Energy Consumption ◽  
Causal Relationship ◽  
Inflation Rate ◽  
Time Series Data ◽  
Consumer Price Index ◽  
Series Data ◽  
Relationship Of

This paper explores the causal relationship between energy consumption and economic growth in Pakistan, applying techniques of co-integration and Hsiao’s version of Granger causality, using time series data over the period 1965-2019. Time series data of macroeconomic determi-nants – i.e. energy growth, Foreign Direct Investment (FDI) growth and population growth shows a positive correlation with economic growth while there is no correlation founded be-tween economic growth and inflation rate or Consumer Price Index (CPI). The general conclu-sion of empirical results is that economic growth causes energy consumption.

Influence of systemic banking crisis and currency crisis on the relationship of export and economic growth

2017 ◽  
Vol 10 (1) ◽  
pp. 82-110
Author(s):  
Syed Ali Raza ◽  
Mohd Zaini Abd Karim
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Financial Crises ◽  
Currency Crises ◽  
Time Series Data ◽  
Banking Crises ◽  
Series Data ◽  
Content Type ◽  
Relationship Of ◽  
The Relationship

Purpose This study aims to investigate the influence of systemic banking crises, currency crises and global financial crisis on the relationship between export and economic growth in China by using the annual time series data from the period of 1972 to 2014. Design/methodology/approach The Johansen and Jeuuselius’ cointegration, auto regressive distributed lag bound testing cointegration, Gregory and Hansen’s cointegration and pooled ordinary least square techniques with error correction model have been used. Findings Results indicate the positive and significant effect of export of goods and services on economic growth in both long and short run, whereas the negative influence of systemic banking crises and currency crises over economic growth is observed. It is also concluded that the impact of export of goods and service on economic growth becomes insignificant in the presence of systemic banking crises and currency crises. The currency crises effect the influence of export on economic growth to a higher extent compared to systemic banking crises. Surprisingly, the export in the period of global financial crises has a positive and significant influence over economic growth in China, which conclude that the global financial crises did not drastically affect the export-growth nexus. Originality/value This paper makes a unique contribution to the literature with reference to China, being a pioneering attempt to investigate the effects of systemic banking crises and currency crises on the relationship of export and economic growth by using long-time series data and applying more rigorous econometric techniques.

scholarly journals Causal Relationship Between Economic Growth and Energy Consumption in Jordan

2022 ◽  
Vol 1 (1) ◽  
pp. 102-112
Author(s):  
Ali Matar
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Causal Relationship ◽  
Agricultural Land ◽  
Time Series Data ◽  
Recent Decade ◽  
Series Data ◽  
Causality Test ◽  
Crisis Events ◽  
Per Capita

Due to the current situation of the Jordanian economy, this paper aims to evaluate the impacts of economic growth on energy consumption in a developing country like Jordan, a country with limited resources such as oil, agricultural land, and water. This study is very important since the energy bill reflects a notable share in the GDP for Jordan, especially in the recent decade that witnessed energy bills rising due to different political and financial crisis events. The study investigates the causal relationship between the per capita energy consumption and economic growth (proxied by real gross domestic product per capita in constant prices) over the 1975-2011 period. A Granger causality test is utilized on annual time series data. The results of the study confirm a neutral relationship between real GDP and energy consumption, indicating that per capita increase in economic growth may not cause any perpetual rise in energy consumption in Jordan.

scholarly journals HUBUNGAN KAUSALITAS ANTAR KETIMPANGAN PENDAPATAN, PERTUMBUHAN EKONOMI, DAN KEMISKINAN DI INONESIA

2021 ◽  
Vol 3 (1) ◽  
pp. 79
Author(s):  
Dicky Fernando ◽  
Syamsul Amar
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Income Inequality ◽  
Regression Model ◽  
Causal Relationship ◽  
Annual Report ◽  
Time Series Data ◽  
Series Data ◽  
Panel Regression ◽  
Causality Relationship

This study aims to explain the causality relationship between income inequality, economic growth, and poverty in Indonesia. In this study using a panel regression model. And data used are time series data from 2011-2017, Consisting of 32 provinces. This data is obtained from BPS annual report. The result of this study indicate that (1) There is no causal relationship between economic growth and poverty (2) There is a causal relationship between income inequality and poverty (3) There is a one-way causal relationship between economic growth and income inequality.

scholarly journals ANALISIS KAUSALITAS PERTUMBUHAN EKONOMI, KEMISKINAN, DAN KETIMPANGAN PENDAPATAN DI SUMATERA BARAT

2019 ◽  
Vol 1 (3) ◽  
pp. 781
Author(s):  
Riri Agustina Fratiwi ◽  
Mike Triani
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Income Inequality ◽  
Regression Model ◽  
Causal Relationship ◽  
Annual Report ◽  
Time Series Data ◽  
Series Data ◽  
Panel Regression

This stuudy”explains the analysis causality of economic”growth poverty, and income”inequality in west”sumatera. The method used is to a panel regression model. This data uses a combination of time series data”from 2013-2017, which consists of 19 city districts. Data obtained from BPS annual”report (Statistics Indonesia). The”results of”this study show that (1) there is no”causall relationship”between”economic”growth and poverty (2) there is a causal relationship”between”economic”growth”and inequality (3) there is no causal relationship”between poverty”and income”inequaality.

scholarly journals An Empirical Investigation of the Causal Relationship amongst Energy Consumption, Net Fixed Capital Stock and Economic Growth in India

2019 ◽  
Vol 6 (5) ◽  
pp. 5449-5454
Author(s):  
Mr. Abhijit Phukon ◽  
Ms. Mitali Konwar
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Causal Relationship ◽  
Time Series Data ◽  
Fixed Capital ◽  
Series Data ◽  
Net Energy ◽  
Gas Consumption ◽  
Natural Gas Consumption ◽  
Good Policy

Purpose- in this paper, an effort has been made to establish the causal relationship amongst energy consumption, net fixed capital stocks and economic growth measured in terms of Gross Domestic Product (GDP) in India. Further attempt has been made to fix the direction of causality by taking into account the disaggregated energy consumption such as petroleum, coal, electricity and gas consumption. Design/ methodology/ approach- the methodology is based on the Engle-Granger method of co-integration and Johanson-Juselius multivariate method and uses a time series data of disaggregated energy consumption, net fixed capital stocks and GDP over the period 1970-2002. Since no co-integration was found amongst the concerned variables, Standard Granger method is used to find out the causality between energy consumption and economic growth as well as energy consumption and net fixed capital stocks. Findings- the empirical results infer that there is bi-directional causality between energy consumption and economic growth and unidirectional causality running from energy consumption to net fixed capital stocks. The research concluded that since India is a net energy importer, especially petroleum, it has to pay a high oil import bill every year. Therefore, using oil more efficiently and/or substituting petroleum and gas by coal and electricity wherever possible could be a good policy measure. Perhaps, an energy conservation policy regarding petroleum and natural gas consumption would not lead to any adverse side effects on economic growth in India.

scholarly journals KAUSALITAS KONTRIBUSI INDUSTRI PARIWISATA DAN JUMLAH KUNJUNGAN WISATAWAN TERHADAP PERTUMBUHAN EKONOMI

2018 ◽  
Vol 7 (4) ◽  
pp. 330
Author(s):  
COKORDA BAGUS YUDISTIRA ◽  
I WAYAN SUMARJAYA ◽  
LUH PUTU IDA HARINI
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Causal Relationship ◽  
Time Series Data ◽  
Tourism Industry ◽  
Series Data ◽  
Var Model ◽  
Vector Autoregressive ◽  
Foreign Tourist ◽  
The World

Bali is known as one of the most popular tourism destination in the world. The number of tourist visit to Bali increases every year. In 2010, there roughly 7 millions tourist visits to Bali and reach up to 14 million people by the end of 2017. This increased in number may affect the growth of tourism industries and economic growth in Bali Province. This study aims to analyze the patterns of causal relationship between tourism industry receipts, tourist visits, and economic growth in Bali based on time series data using vector autoregressive (VAR) model. The results conclude the following: (i) foreign tourist visits is significantly affect economic growth. In addition, economic growth, domestic tourist visits, and foreign tourist visits are significantly impact to tourism industry receipts, (ii) economic growth would affect the tourism industry receipts in the next four consecutive months, (iii) the forecasting result of economic growth with VAR model is highly accurated with MAPE 2%.

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