A dynamic equilibrium of electricity consumption and GDP in Hong Kong: An empirical investigation

Ho, Chun‐Yu; Siu, Kam Wing

doi:10.1016/j.enpol.2006.09.018

Cited by 164 publications

(65 citation statements)

References 21 publications

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“…However, researchers are unable to arrive at a consensus on the flow of causality between energy consumption and economic growth. Conflicting results are present in papers on developed countries and adopt energy as proxy for energy usage (see Stern, 2000;Fatai et al 2002;Glasure, 2002;Hondroyiannis et al 2002;Ghali and El-Sakka, 2004;Oh and Lee, 2004;Ho andSiu, 2007 andPayne, 2009).…”

Section: Literature Reviewmentioning

confidence: 96%

“…Empirical studies on causal relationship between electricity consumption and economic growth are wide-ranging with inconsistent results (see Aqeel and Butt, 2001;Yoo, 2005;Yoo, 2006;Chen et al 2007;Ho and Siu, 2007;Hu and Lin, 2008;Jamil and Ahmad, 2010;Narayan and Smyth, 2005;Shahbaz et al 2011;Shahbaz and Lean, 2012b;Shahbaz and Feridun, 2012). Further, few studies have considered electricity consumption and economic growth relationship in selected African economies (see Jumbe, 2004;Wolde-Rufael, 2006;Akinlo, 2009;Squalli, 2007;Odhiambo, 2009aOdhiambo, , 2009bOdhiambo, , 2010Solarin, 2011and, Solarin andBello, 2011).…”

Section: Introductionmentioning

confidence: 99%

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Trivariate causality between economic growth, urbanisation and electricity consumption in Angola: Cointegration and causality analysis

2013

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This paper investigates the causal relationship between economic growth, urbanisation and electricity consumption in the case of Angola, utilizing the data over the period of . We have applied Strazicich (2003, 2004) unit root test to test the stationarity properties of the series. Gregory-Hansen structural break cointegration procedure as complement, we employed the ARDL bounds test to examine long run relationship. The VECM Granger causality test is subsequently used to examine the direction of causality between economic growth, urbanisation and electricity consumption. Our results indicate the existence of long run relationship. We further observe evidence in favour of bidirectional causality between electricity consumption and economic growth. The feedback hypothesis is also found between urbanization and economic growth. Urbanization and electricity consumption Granger cause each other. We conclude that Angola is an energy (electricity) dependent country. Consequently, the relevant authorities should boost electricity production as one of the means of achieving sustainable economic development for long span of time.

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Section: Literature Reviewmentioning

confidence: 96%

Section: Introductionmentioning

confidence: 99%

Trivariate causality between economic growth, urbanisation and electricity consumption in Angola: Cointegration and causality analysis

2013

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“…In addition, there is unidirectional causality from economic growth to electricity consumption in Kuwait and no causal relationship in the United Arab Emirates. Ho and Sui (2006) find a long-run relationship between energy consumption and economic growth for Hong Kong. Ozturk and Acaravci (2010) investigate the association between energy consumption and economic growth for European emerging economies (Albania, Bulgaria, Hungary and Romania) and only find a long-run relationship in Hungary.…”

Section: Energy Consumption and Economic Growthmentioning

confidence: 99%

Energy conservation policies, growth and trade performance: Evidence of feedback hypothesis in Pakistan

2015

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This study investigates the relationship between energy consumption and trade openness in Pakistan by using the annual time series data for the period of 1973-2011. Our main results show: i) the presence of long-run link between energy consumption and trade performance; ii) positive impact of gross domestic product, exports, and imports on energy consumption; iii) bidirectional causal relationship between exports and energy consumption, and also between imports and energy demand; and iv) bidirectional causality between gross domestic product and energy consumption points to the presence of feedback hypothesis in Pakistan. We therefore note that energy conservation policies will reduce the trade performance which in turn leads to the decline in economic growth in Pakistan. The present study may guide policymakers in formulating a conclusive energy and trade policies for sustainable growth for long span of time.

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“…Empirical studies on causal relationship between electricity consumption and economic growth are wide-ranging providing ambiguous results, Aqeel and Butt, (2007) ;Yoo, (2005) ;Yoo, (2006);Chen et al (2007); Ho and Siu, (2007); Hu and Lin, (2008);Jamil and Ahmad, (2010); Narayan and Smyth, (2005); Shahbaz et al (2011);Shahbaz and Feridun, (2012); Shahbaz et al (2014). Further, few studies have considered electricity consumption and economic growth relationship in selected African economies (Jumbe, (2004);Wolde-Rufael, (2006) ;Akinlo, (2009) ;Squalli, (2007) ;Odhiambo, (2009Odhiambo, ( , 2009Odhiambo, ( , 2010Solarin, (2011) and, Solarin and Bello, (2011)).…”

Section: Introductionmentioning

confidence: 99%

Electricity Consumption and Economic Development in Nigeria

Ogundipe

Akınyemi

2014

SSRN Journal

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The study examines the relationship between electricity consumption and economic development using an extended neoclassical model for the period 1970-2013. The study incorporates the uniqueness of the Nigerian economy by controlling for the role of institutions, technology, emissions, and economic structure in the electricity consumption-development argument. The study adopted a cointegration analysis based on the Johansen and Juselius (1981) maximum Likelihood approach and a vector error correction model. In order to ensure robustness, the study adopted the wald block endogeneity causality test to ascertain the direction of causal relationship between electricity consumption and economic development. The study found an existence of long-run cointegration equation with electricity consumption inversely related to economic development. Likewise, the vector error correction model failed to reject the null hypothesis of non-convergence in the long-run. Finally, the study found evidence supporting unidirectional causal relationship running from economic development to electricity consumption.

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A dynamic equilibrium of electricity consumption and GDP in Hong Kong: An empirical investigation

Cited by 164 publications

References 21 publications

Trivariate causality between economic growth, urbanisation and electricity consumption in Angola: Cointegration and causality analysis

Trivariate causality between economic growth, urbanisation and electricity consumption in Angola: Cointegration and causality analysis

Energy conservation policies, growth and trade performance: Evidence of feedback hypothesis in Pakistan

Electricity Consumption and Economic Development in Nigeria

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