Causal relationship between energy consumption and GDP growth revisited: A dynamic panel data approach

Huang, Bwo‐Nung; Hwang, M. J.; Yang, Chao-Ping

doi:10.1016/j.ecolecon.2007.11.006

Cited by 555 publications

(256 citation statements)

References 49 publications

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“…The smaller long-run and adjustment coefficients of energy consumption compared to real GDP estimated by the present study also give evidence in this direction. Compared with other previous panel data studies on OECD countries, the findings of bi-directional causal relationships contradict, on the one hand, those of Huang et al (2008) who found a uni-directional causal relationship running from economic growth to energy consumption with a negative impact, and, on the other, those of the panel data analysis by Narayan and Smyth (2008) who inferred that energy consumption Granger-causes real GDP positively in the long run. Furthermore, the empirical results of this study also refute the neutrality hypothesis such as all other panel data studies on the energy consumption-growth nexus, except for the sub-analysis by Huang et al (2008) of 19 low income countries.…”

Section: Dynamic Panel Causalitycontrasting

confidence: 99%

Energy Consumption and Economic Growth Revisited: Structural Breaks and Cross-Section Dependence

Dobnik

2011

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in

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Section: Dynamic Panel Causalitycontrasting

confidence: 99%

Energy Consumption and Economic Growth Revisited: Structural Breaks and Cross-Section Dependence

Dobnik

2011

SSRN Journal

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“…However, there exists negative relationship between energy consumption and prices. Huang, Hwang, and Yang (2008) investigate the impact of energy consumption on economic growth by dividing datasets into four groups. Hence, in lower income group, they did not find any relationship between energy consumption and economic growth.…”

Section: Literature Reviewmentioning

confidence: 99%

An Empirical Analysis of the Impact of Energy Consumption on the Financial Development of the Emerging Economies: A Moderating Role of Oil Prices

Mahmood

Saleem

2016

IJEF

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This research empirically analyzes the relationship between energy consumption and financial development by making use of secondary data for 22 emerging economies over the period of 1999-2012. Moreover, this paper also spotlights the moderating role of oil prices. Furthermore, financial development is measured by utilizing of various proxies relevant to banking sector and stock market as well. Hence, the findings of the research reveals that oil prices negatively moderates the relationship between energy consumption and financial development. Moreover, results highlight that measures used to calculate financial development are also of key concern to explore the relationship between energy consumption and financial development.

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“…Meanwhile, the co-integration techniques were also used to estimate long-run relationship between energy consumption and economic growth. Jumbe and Huang have proved bi-directional relationship between energy consumption and economic growth (Jumbe, 2004) (Huang, 2008). Estimation of multi-dimensional relationship has also proved the role of energy in overall economic development (Tamizan, 2009) (Shahbaz, 2012).…”

Section: Review Of Literaturementioning

confidence: 99%

Impact of Eco-Efficient Energy on Sustainable Development in South Asia: Empirical Estimations

Saldanha¹,

Premakumara

2017

SDMIMD

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Energy is a prerequisite for all production processes and development. However, eco-efficient, sustainable green energy is essential for sustainable development and green growth. The commitments to produce renewable, clean and green energy have compelled all countries, by the International Agreements and Treaties on energy, environmental protection and sustainable growth. In this background, the present work tried to examine the efforts made by South Asian countries in order to produce eco-efficient, sustainable, clean energy and its interactions with economic development. The present study has used secondary time series data on green energy parameters and parameters related to economic development. The econometric techniques such as stationarity, impact models have been used for examination and analysis of data. It has been found from the analysis that energy intensity has been significantly increased in South Asia along with economic development. However, the production of green energy is not commensurate with its expected rate. Moreover, the shares of both renewable energy and renewable electricity in total energy have been declined over the period of time. This is a negative sign of sustainable development and green growth. Hence, there is a need to restructure the energy policy by South Asian countries according to the needs of sustainable development and green growth. Accordingly, consumption, transmission, process, etc., should be made mandatory to use green energy in their total energy consumption. Pigouvian principle of taxing on increasing social cost and subsidization for increasing social benefits is more appropriate for South Asian policies and strategies for eco efficient green energy and green growth.

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Causal relationship between energy consumption and GDP growth revisited: A dynamic panel data approach

Cited by 555 publications

References 49 publications

Energy Consumption and Economic Growth Revisited: Structural Breaks and Cross-Section Dependence

Energy Consumption and Economic Growth Revisited: Structural Breaks and Cross-Section Dependence

An Empirical Analysis of the Impact of Energy Consumption on the Financial Development of the Emerging Economies: A Moderating Role of Oil Prices

Impact of Eco-Efficient Energy on Sustainable Development in South Asia: Empirical Estimations

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