A note on the electricity-growth nexus in Lao PDR

Kyophilavong, Phouphet; Shahbaz, Muhammad; Kim, Byoungki; Oh, Jeong-Soo

doi:10.1016/j.rser.2017.03.055

Cited by 19 publications

(5 citation statements)

References 78 publications

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“…This result contradicts Hernandez et al (2014) who support that promoting renewable energy technology over other forms of generation is counterproductive to economic growth by driving down productivity through increase cost. Our last findings also invalidate the previous studies that show a positive and significant effect of renewable energy on GDP and economic growth (Carfora et al, 2019;Frondel, Ritter, Schmidt, & Vance, 2010;Hannesson, 2014;Hillebrand, Buttermann, Behringer, & Bleuel, 2006;Kyophilavong et al, 2017). It appears from our result that employment and GDP positively impact industrialization.…”

Section: Gmm Panel Var Resultscontrasting

confidence: 68%

“…In recent years and a context marked by energy transition, many economic studies are focused on the relationship between types of energy and economic variables. Most of these studies focused on the nexus between energy and other variables like economic growth (Al-Mulali & Sab, 2012;Arango-Miranda, Hausler, Romero-Lopez, Glaus, & Ibarra-Zavaleta, 2018;Kyophilavong et al, 2017) financial development (Zhang, Wang, & Wang, 2017) Trade (Dedeoğlu & Kaya, 2013) and urbanization (Pata, 2018). However, the most of the growing studies are also interested in employment and industrialization impacts of energy transition (Garrett-Peltier, 2017;Jacobson et al, 2014;Jacobson.…”

Section: Literature Reviewmentioning

confidence: 99%

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The Relationship between Energy Transition, Industrialization and Employment: A GMM Panel Var Approach

Poumie

Guivis

2021

Energy Economics Letters

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Using quarterly data for the period 2013Q1-2017Q1, this study explores the relationship between energy transition, industrialization, and employment in the panel of developed and emerging countries. The GMM panel VAR proposed by Abrigo and Love (2016) and Granger causality test are used. After confirming the presence of unit root in our variables, the results of GMM panel VAR reveal that industrialization and employment negatively affect energy transition while energy transition does not have any effect on industrialization and employment. Furthermore, the Granger causality indicates a unidirectional relationship going from industrialization and employment to energy transition. Our findings also support major differences in the relationship between the studied variables depending on the country being emerging or advanced. These results may have policy implications for the more energy-efficient system of countries. Contribution/ Originality:The study contributes to the literature by using an energy transition index. The study is among the first studies that use GMM panel VAR to investigate the relationship between energy, industrialization, and employment.

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Section: Gmm Panel Var Resultscontrasting

confidence: 68%

Section: Literature Reviewmentioning

confidence: 99%

The Relationship between Energy Transition, Industrialization and Employment: A GMM Panel Var Approach

Poumie

Guivis

2021

Energy Economics Letters

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“…However, the studies mentioned above did not bother much about reverse causality. Studies (like Burakov, Freidin 2017;Kyophilavong et al 2017;Tatlı 2017;Chen, Fang 2018;Kirikkaleli et al 2018;Nyasha et al 2018;Rahman, Velayutham 2020) were able to show that economic growth is capable of increasing EC. This is in line with the conservation hypothesis.…”

Section: Review Of Literaturementioning

confidence: 99%

Energy Consumption and Economic Growth Linkage: Global Evidence from Symmetric and Asymmetric Simulations

Ali

Nathaniel

Adekunle

et al. 2022

Quaestiones Geographicae

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The literature reveals that linear models do not accurately represent the asymmetric relationship between economic growth and energy consumption (EC). To fill this gap, we examined the asymmetric relationship between EC and economic growth in a non-linear panel autoregressive distributed lag (ARDL) framework of 85 countries as a whole sample and of Brazil, Russia, India, China, and South Africa (BRICS), the Next Eleven, Big Four in Western Europe, Asia-Pacific region, Group of Seven, South Asian Association for Regional Cooperation (SAARC), Economic Cooperation Organization (ECO) and the Arab League as a sub-sample analysis from 1977 to 2014. A second generational unit root test has been applied to check the problem of cross-sectional dependency. Asymmetric co-integration was employed to analyse the co-integration between the variables of interest. Long-run and short-run estimates have been calculated using the non-linear panel ARDL method. Results indicate that positive shocks to energy use tend to have a growth-enhancing effect in ECO and the Next Eleven while in the rest of the regions, the effect is growth contraction. Moreover, economic recovery from a positive shock to energy use is the case in the Arab League, Asia-Pacific region, Group of Seven and in the whole sample. However, a negative shock to EC is observed in the Group of Seven, Asia Pacific region, Big Four in Western Europe and ECO, and the whole sample worsens the economic contraction. We can deduct from this study’s results that information on the asymmetric relationship between the subject variables is needed to design sound economic policy decisions across different economic regions.

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“…By far the largest current electricity exporter in ASEAN is Lao PDR, which exported 21.3 TWh in 2017 – 80% of its overall electricity generation (U.S. Energy Information Agency, 2020). Lao PDR is pursuing a target of continuing to ramp up its electricity exports and becoming the battery of Southeast Asia (Kyophilavong et al ., 2017). It has signed agreements to supply 9000 MW of power to Thailand, 6000 MW to Cambodia and 5000 MW to Vietnam by 2030.…”

Section: Overview Of the Asean Electricity Sector And Cross‐border El...mentioning

confidence: 99%

Is ASEAN ready to move to multilateral cross‐border electricity trade?

Nam

Burke

2022

Asia Pacific Viewpoint

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This paper reviews progress towards the establishment of an Association of Southeast Asian Nations (ASEAN) Power Grid (APG) and the key barriers to multilateral cross-border electricity trade in ASEAN. An analysis across political, technical, institutional, economic, environmental, social and time dimensions is employed. Using a policy sequencing framework, the paper concludes it remains premature for ASEAN to pursue a strong form of power sector market integration on account of the sizeable barriers that currently remain, especially economic and institutional barriers. Focusing on bilateral power purchase agreements and large-scale investments in solar and wind power over 2022-2030 would help to develop stronger foundations for ASEAN to make steps towards deeper regional integration in the electricity sector in subsequent years, while also being consistent with renewables adoption goals.

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A note on the electricity-growth nexus in Lao PDR

Cited by 19 publications

References 78 publications

The Relationship between Energy Transition, Industrialization and Employment: A GMM Panel Var Approach

The Relationship between Energy Transition, Industrialization and Employment: A GMM Panel Var Approach

Energy Consumption and Economic Growth Linkage: Global Evidence from Symmetric and Asymmetric Simulations

Is ASEAN ready to move to multilateral cross‐border electricity trade?

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