Electricity consumption and economic growth in China

Shiu, Alice; Lam, Pun-Lee

doi:10.1016/s0301-4215(02)00250-1

Cited by 645 publications

(258 citation statements)

References 17 publications

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“…the period of 1971-2000 and later, Yuan et al (2007) confirmed the findings of Shiu and Lam (2004). Ghosh (2009) Marques et al (2014) examined the association between renewable electricity generation and economic activity in case Greece and found neutral effect between the variables.…”

Section: Literature Reviewsupporting

confidence: 63%

“…Lin (2003), found the direction of relationship running from economic growth to electricity consumption for China during 1978-2001. In contrast, Shiu and Lam (2004) observed the direction of causal association running from electricity consumption to economic growth over 2 For Bangladesh economy, Buysse et al (2012) reported the presence of feedback effect between electricity consumption and eoncomic growth in long-run but inshort-run, energy-conservation hypothesis is valid. Alam and Sarker (2010) also confirmed that in short-run, electricity generation causes economic growth.…”

Section: Literature Reviewmentioning

confidence: 95%

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Estimation of electricity demand function for Algeria: Revisit of time series analysis

Khraief

Shahbaz

Mallick

et al. 2018

Renewable and Sustainable Energy Reviews

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This paper aims to empirically re-examine whether economic growth has effect on electricity consumption for Algerian economy. We have incorporated urbanisation and trade openness in electricity demand function as additional determinants of electrictyy consumption for the period of 1971-2012. For empirical purpose, we have applied the recently developed combined cointegration test proposed by Bayer and Hanck (2013) and bounds testing approach to cointegration by Pesaran et al. (2001) for establishing the cointegration between the variables by accomodating structural breaks.The results expose that income growth leads to higher electricity demand along with urbanization being another major contributing factor of rising electricity demand. In contrast, trade openness leads to reduce electricity demand. The causal association between the variables is further exmained with the application of innovation accounting approach of Vector Autoregressive (VAR). The empirical evidnce inidactes the presence of the neutral effect between income growth and electricity use. Urbanization causes electricity use and electricity use causes urbaniation in Granger sense.

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Section: Literature Reviewsupporting

confidence: 63%

Section: Literature Reviewmentioning

confidence: 95%

Estimation of electricity demand function for Algeria: Revisit of time series analysis

Khraief

Shahbaz

Mallick

et al. 2018

Renewable and Sustainable Energy Reviews

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“…Various studies have revealed the diverse impact of electricity consumption on economic growth (Yuan et al 2007, Chen et al 2007, Yuan et al 2008, Narayan and Prasad 2008, Abosedra et al 2009, Ahmed and Azam 2016, Streimikiene and Kasperowicz 2016. For example, some studies suggest apositive impact of electricity consumption on economic growth (Shiu and Lam 2004, Yuan et al 2007, Shahbaz and Lean 2012, Iyke 2015, Tang et al 2016, Streimikiene and Kasperowicz 2016. Ozturk (2010) argues that if economic growth is inversely affected by energy consumption, then different arguments could justify the adverse impacts of energy consumption on economic growth.…”

Section: Introductionmentioning

confidence: 99%

Dynamics of electricity consumption, oil price and economic growth: Global perspective

et al. 2017

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Abstract:This study uses the data from 157 countries from 1960 to 2014 to analyze the relationship between economic growth, electricity consumption, oil prices, capital, and labor. The economic growth of developing countries with industrial infrastructure has a more significant association with electricity consumption than oil prices. We use oil prices and electricity consumption jointly to study highly predictive observations for economic growth. The data are categorized by income, OECD and regional levels. The panel cointegration, long-run parameter estimation, and Pool Mean Group testsare used to analyze the cointegration and short-run and long-run relationships between the variables. The empirical results indicate the presence of cointegration between the variables. The presence of feedback effects between electricity consumption and economic growth, oil prices and economic growth is valid. These findings confirm that inspite of the oil prices, developing countries rely heavily on electricity consumption for economic growth. In the short run, growth and feedback effects suggest that more vigorous electricity policies should be implemented to attain sustainable economic growth for the long-term.

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“…The co-integration relationship between total electricity consumption and economic growth has been verified in the existing literature [2, 10,11,18], which means that there should be no obvious time differences between electricity consumption growth and economic growth. Sectoral electricity consumption growth has varying time difference relationships with economic growth, and our findings show different characteristics at both the industry level and sector level.…”

Section: Discussionmentioning

confidence: 83%

Sectoral Electricity Consumption and Economic Growth: The Time Difference Case of China, 2006–2015

Zhang

Zheng

et al. 2017

Energies

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Abstract:Unlike existing studies focused on the causal relationship between electricity consumption and economic growth at the macro level, this paper uses monthly data from January 2006 to December 2015 and applies the correlation coefficient, as well as Kullback-Leibler (KL) divergence, to study the time difference relationship between sectoral electricity consumption and economic growth. The empirical results draw some main findings as follows: First, the time difference relationships show diversity at the sector level but will form a kind of overall characteristic between economic growth and total electricity consumption. Secondly, not all sectors have a remarkable correlation between sectoral electricity consumption and economic growth as only part of them have reasonable values to describe the time difference relationship. Thirdly, the results present both diversity and aggregation at the industry level, while lagging sectors mainly concentrate in the manufacturing industry. The relationship between sectoral electricity consumption and economic growth can be further explored and described from a new perspective based on the results. Further, the trend of economic development and sectoral electricity consumption can be predicted to help policy-makers formulate proper policies.

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Electricity consumption and economic growth in China

Cited by 645 publications

References 17 publications

Estimation of electricity demand function for Algeria: Revisit of time series analysis

Estimation of electricity demand function for Algeria: Revisit of time series analysis

Dynamics of electricity consumption, oil price and economic growth: Global perspective

Sectoral Electricity Consumption and Economic Growth: The Time Difference Case of China, 2006–2015

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