A Review of the Nexus Between Energy Consumption and Economic Growth in the Brics Countries

Khobai, Hlalefang; Abel, Sanderson; Roux, Pierre Le

doi:10.32479/ijeep.6373

Cited by 12 publications

(11 citation statements)

References 21 publications

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“…In other words a 1% increase in capital is expected to increase economic growth by 0.20%, ceteris paribus. The results are in line with the findings of Khobai, Abel and Le Roux (2016) who established that an increase in capital is expected to increase economic growth, also stated that there is a long run positive effect between capital and economic growth.…”

Section: Estimation Results Of Long-run and Short-run Elasticitiessupporting

confidence: 91%

Assessment of the Impact of Direct Taxes on Public Investment in Agriculture in Nigeria

Omodero¹

2022

JAER

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This study investigates the impact of direct taxes on agricultural funding. For this analysis, the petroleum profit tax, personal income tax, and corporate income tax were employed as direct taxes. These are the three largest direct taxes chosen for this analysis. Agricultural finance has long been a cause of concern, forcing the entire country to suffer from acute hunger as a result of unnecessary apathy. Furthermore, Nigeria now has a high degree of hunger index at 28.3, placing the country 103rd out of 116 countries in the 2021 Global Hunger Index record. This research considers all of these problems and aims to assess the extent to which direct taxes may alleviate the load by providing more direct tax revenues to agricultural enterprises. The evaluation is carried out by collecting secondary data from the Organization for Economic Cooperation and Development (OECD) on chosen direct taxes and agricultural spending from the Central Bank of Nigeria's Statistical Bulletin. The study period runs from 2010 to 2020. The study used a multiple regression technique to present real evidence that all of the direct tax types analyzed had a minor impact on agricultural finance, with the exception of personal income tax, which has a positive and considerable impact on agricultural growth. This leads to the request that Nigerian tax rules be altered to allow for significant use of tax revenue for agricultural loans. The insignificance of petroleum profit tax and corporate income tax to agricultural funding necessitates more effective tax processes and a crackdown on malfeasance among tax authorities.

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Section: Estimation Results Of Long-run and Short-run Elasticitiessupporting

confidence: 91%

Assessment of the Impact of Direct Taxes on Public Investment in Agriculture in Nigeria

Omodero¹

2022

JAER

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“…The research shows that REC has a favorable impact on GDP growth. [23] discovered similar results for the EU15, as did [24] for 42 developed nations. [25] discovered similar results for OECD nations.…”

Section: Review Of Literaturesupporting

confidence: 64%

“Renewable Energy Consumption and Economic Growth: Evidence from a Panel of Top 20 Countries”

Nosheen

Iqbal

Ahmad

2023

Preprint

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Many nations have been working hard in recent years to adopt clean and non-conventional energy sources, unlike carbon-based power sources which have implications for economic development. To analyze the impact of renewable energy consumption on the sensitivity of economic growth amongst the top 20 renewable energy users, this study employs data from 20 countries. For the years 1990 to 2021, a sample of nations is chosen. Using Pesaran's universal diagnostic test, we address cross-sectional dependency in panels. The results show that traditional inputs of production, including renewable and renewable energy resources consumption, contribute favorably to economic growth in the studied nations over the long term. Long-term production elasticities regarding renewable energy are positive in many of the examined nations, according to results from single country time series. The study's findings show that renewable energy is a critical component of these countries' economic expansion and that these countries are on the track for long-term stable growth. The significant policy conclusion in this respect is that governments, international organizations, and energy planners should collaborate to adopt renewable arrangement policies across nations. Furthermore, policymakers in these nations need to adopt renewable energy legislation based on incentives to enhance resource efficiency.

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“…Dogan (2014 explored this relationship for Kenya within the temporal confines of 1971-2011, and Soytas and Sari (2003 investigated the same for Turkey, France, Germany, and Japan during the years 1950-1992. In contrast, causality from GDP to energy consumption was expounded upon by Khobai et al (2021) for BRICS over the period of 1990-2018, and from GDP to electricity supply by Azam et al (2020) for Pakistan in 1990-2015. Sultan and Alkhateeb (2019) elucidated bidirectional causality or a feedback relationship between energy and economic activity in India from 1971 to 2014.…”

Section: Literature Reviewmentioning

confidence: 95%

Exploring the Macroeconomic Effects of Renewable Energy in Tajikistan: An Empirical Analysis

Sultonov,

Hasanov,

Valizoda

et al. 2024

Economies

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Tajikistan holds the eighth position globally in terms of hydropower potential, estimated at 527 terawatt-hours (TWh), with a technically exploitable capacity of 317 TWh. Only 4–6 percent of this immense potential is currently utilized. In this paper, employing a combination of the Johansen cointegration test, vector autoregression, and the Granger-causality test on annual data from 1993 to 2021, we examine the causality relationship between electricity production and key macroeconomic variables, including gross domestic product (GDP), GDP per capita, exports, imports, final consumption, capital investment, and employment, in Tajikistan. The empirical findings reveal a positive unidirectional causality from electricity production to exports and imports. A positive bidirectional or feedback causality is found between electricity production and variables such as GDP, GDP per capita, final consumption, and employment. No causality relationship between electricity production and variables such as trade openness and capital investment is observed. The exploration of complex causal relationships between electricity production and key macroeconomic variables in Tajikistan, as revealed in this study, offers a modest yet meaningful addition to academic discourse. It presents insights that may inform policymakers and stakeholders, albeit with a recognition of the limitations inherent in the findings. These insights could potentially guide the formulation of sustainable development strategies and shed light on the underutilized potential of the country’s hydropower resources.

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A Review of the Nexus Between Energy Consumption and Economic Growth in the Brics Countries

Cited by 12 publications

References 21 publications

Assessment of the Impact of Direct Taxes on Public Investment in Agriculture in Nigeria

Assessment of the Impact of Direct Taxes on Public Investment in Agriculture in Nigeria

“Renewable Energy Consumption and Economic Growth: Evidence from a Panel of Top 20 Countries”

Exploring the Macroeconomic Effects of Renewable Energy in Tajikistan: An Empirical Analysis

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