Dependence of Energy Intensity on Economic Growth: Panel Data Analysis of South Asian Economies

Mahmood, Tahir; Ullah, Shafqut; Mumtaz, Muhammad

doi:10.32479/ijeep.10726

Cited by 8 publications

(3 citation statements)

References 12 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This finding is consistent with the findings of Chen et al (2014), Bakirtas and Akpolat (2018), and Tu and Zhang (2020). The conclusion is that increasing energy intensity also boosts real GDP, which is consistent with Sinha (2016), Diaz et al (2019), and Mahmood et al (2021. The impact of tourism on economic growth is measured independently in terms of the number of visitors and the amount of money spent on tourism.…”

Section: The Results Of Long-run Parameterssupporting

confidence: 88%

An empirical note on tourism and sustainable development nexus

Destek

Aydın

2022

Environ Sci Pollut Res

View full text Add to dashboard Cite

The goal of this research is to investigate the impact of tourism on sustainable development in the 10 most visited countries. For this purpose, following the STIRPAT model, the impact of urbanization, energy intensity, and tourism on the newly designed sustainable development index is examined for the period 1995–2015. In doing so, tourism is represented by two different indicators, the number of tourists and tourism receipts. In addition, the impact of tourism on economic growth is analyzed to compare the effects of tourism development on economic growth and sustainable development. While doing this, second-generation panel data methods are used to take into account the possible inter-country dependency. According to the findings obtained in the study, tourism, energy intensity, and urbanization have positive effects on economic growth. On the other hand, the effects of all three factors on the sustainable development index are negative and statistically significant. These findings indicate that the harmful effects of tourism on other dimensions of sustainable development are greater than the beneficial effects of tourism on economic growth.

show abstract

Section: The Results Of Long-run Parameterssupporting

confidence: 88%

An empirical note on tourism and sustainable development nexus

Destek

Aydın

2022

Environ Sci Pollut Res

View full text Add to dashboard Cite

show abstract

“…It is often used to compare the dependence on energy of economic development in different regions. Higher energy intensity indicates a higher cost of energy conversion into GDP, and lower energy intensity indicates a lower cost of energy conversion into GDP [4]. The energy intensity of most developed countries is declining with economic growth, while that of developing countries is still increasing [5,6].…”

Section: Literature Reviewmentioning

confidence: 99%

Threshold Effect of Economic Growth on Energy Intensity—Evidence from 21 Developed Countries

Zhou

Wei

et al. 2021

Energies

View full text Add to dashboard Cite

Based on threshold regression models, this paper analyzes the effect of economic growth on energy intensity by using panel data from 21 developed countries from 1996 to 2015. Results show that a 1% increase in GDP per capita can lead to a 0.62–0.78% reduction in energy intensity, implying economic growth can significantly reduce energy intensity. The extent of the reduction in energy intensity varies depending on the economic development stages represented by key influencing factors including energy mix in consumption, urbanization, industrial structure, and technological progress. Specifically, the reduction in energy intensity due to economic growth can be enhanced with relatively more renewable energy consumption and more urban population until a threshold point, where the enhancement disappears. On the other hand, the extent of the energy intensity reduction due to economic growth can be weakened with relatively more tertiary industry activities and more research and development (R&D) investment in an economy until a threshold point, where the weakening cannot continue. However, compared to the early stages represented by the low ends of renewable energy consumption, urban population, tertiary industry activities, and R&D investment, the later stages represented by the high ends of these key factors after a threshold show the weakened effect of economic growth on the decline of energy intensity. Hence, when an economy is well-developed, policy makers are advised to put fewer expectations on the role of economic growth to reduce energy intensity, while pursuing relatively cleaner energy, greater urbanization, more tertiary industry activities, and advanced technologies.

show abstract

“…Further, for sustainable development, the most important factor is increasing energy productivity by improving technology and better energy conservation that lead to the reduction of the energy/GDP ratio that measures energy intensity [55]. Some studies show the lack of energy efficiency and insufficient technological improvement in those countries, which can be the reason for the increasing trend of CEEG [56].…”

Section: Conclusion and Policy Implicationsmentioning

confidence: 99%

Investigating Carbon Emissions from Electricity Generation and GDP Nexus Using Maximum Entropy Bootstrap: Evidence from Oil-Producing Countries in the Middle East

2021

View full text Add to dashboard Cite

The maximum entropy bootstrap for time series is applied in this study to investigate the nexus between carbon emissions from electricity generation and the gross domestic product, using a bivariate framework for eight Middle Eastern countries between 1995 and 2017. The sample under study includes oil-producing countries such as Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates. As the electricity generation in these economies relies mainly on oil and gas, finding out the existence and direction of the relationship between the two considered variables has remarkable implications for policymakers and governments in these countries to achieve both higher economic growth and environmental protection. As expected, this nexus is validated for all countries in the sample but not in all models, time periods, and lags. Therefore, policymakers can set appropriate electricity conservation policies based on these varied empirical findings to boost economic growth with minimum environmental degradation.

show abstract

Dependence of Energy Intensity on Economic Growth: Panel Data Analysis of South Asian Economies

Cited by 8 publications

References 12 publications

An empirical note on tourism and sustainable development nexus

An empirical note on tourism and sustainable development nexus

Threshold Effect of Economic Growth on Energy Intensity—Evidence from 21 Developed Countries

Investigating Carbon Emissions from Electricity Generation and GDP Nexus Using Maximum Entropy Bootstrap: Evidence from Oil-Producing Countries in the Middle East

Contact Info

Product

Resources

About