Multivariate granger causality between electricity consumption, exports and GDP: Evidence from a panel of Middle Eastern countries

Narayan, Paresh Kumar; Smyth, Russell

doi:10.1016/j.enpol.2008.08.020

Cited by 354 publications

(173 citation statements)

References 46 publications

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“…They conclude that Malaysia should adopt the dual strategy of increasing investment in electricity infrastructure and encouraging electricity conservation policies to reduce unnecessary wastage of electricity. Narayan and Smyth (2009) find the same conclusion for a panel of Middle East countries. Indeed, for the panel as a whole, they find feedback effects between electricity consumption, exports and GDP.…”

Section: Introductionsupporting

confidence: 68%

Output, renewable energy consumption and trade in Africa

2014

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Abstract:We use panel cointegration techniques to examine the relationship between renewable energy consumption, trade and output in a sample of 11 African countries covering the period 1980-2008. The results from panel error correction model reveal that there is evidence of bidirectional causality between output and exports and between output and imports in both the short-run and the long-run. However, in the short-run, there is no evidence of causality between output and renewable energy consumption and between trade (exports or imports) and renewable energy consumption. In the long-run, the FMOLS panel approach estimation shows that renewable energy consumption and trade (exports or imports) have a statistically significant and positive impact on output. Policies recommendations are that, in the long-run, international trade enables African countries to benefit from technology transfer and to build the human and physical capacities needed to produce more renewable energies, which in turn increases their output.

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Section: Introductionsupporting

confidence: 68%

Output, renewable energy consumption and trade in Africa

2014

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“…The results showed the presence of uni-directional causality from real economic to electricity consumption. Narayan et al (2009) used multivariate granger causality between electricity consumption, exports and GDP in the Middle Eastern countries. The results show that there were statistically significant feedback effects between these variables.…”

Section: Literature Reviewmentioning

confidence: 99%

Energy Essential in the Industrial Manufacturing in Malaysia

Bekhet¹,

Harun²

2011

IJEF

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The purpose of this paper is to examine the causality relationship between production and energy of industrial manufacturing in Malaysia. Time series data for production (Q), capital (K), labour (L) and energy (E) for the 1978-2009 period, are applied. However, production theory was used to explore the characteristics of the capital, labour and energy within time series procedures. The results of the ADF and PP tests show that all variables are stationary in the first differences, except for energy, which is stationary at second differences. Meanwhile, all variables are cointegrated at 1% significance level using CRDW test. Results show that there is unidirectional causality in the long run running from energy to the production. Therefore, energy plays an important role in the production of industrial manufacturing in Malaysia. No significant relationship between all variables appears to be in the short run.

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“…The link between energy consumption and economic growth, as well as the relevance of energy flows for economic development, has been widely studied in the economic literature from both theoretical and empirical standpoints [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17]. Understanding this relationship is particularly important from both environmental and socio-economic viewpoints, as energy consumption is crucial to economic development and human environmental impact.…”

Section: Introductionmentioning

confidence: 99%

Going beyond energy intensity to understand the energy metabolism of nations: The case of Argentina

Recalde

Ramos-Martín

2012

Energy

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The link between energy consumption and economic growth has been widely studied in the economic literature. Understanding this relationship is important from both an environmental and a socio-economic point of view, as energy consumption is crucial to economic activity and human environmental impact. This relevance is even higher for developing countries, since energy consumption per unit of output varies through the phases of development, increasing from an agricultural stage to an industrial one and then decreasing for certain service based economies.In the Argentinean case, the relevance of energy consumption to economic development seems to be particularly important. While energy intensity seems to exhibit a U-Shaped curve from 1990 to 2003 decreasing slightly after that year, total energy consumption increases along the period of analysis. Why does this happen? How can we relate this result with the sustainability debate? All these questions are very important due to Argentinean hydrocarbons dependence and due to the recent reduction in oil and natural gas reserves, which can lead to a lack of security of supply.In this paper we study Argentinean energy consumption pattern for the period 1990-2007, to discuss current and future energy and economic sustainability. To this purpose, we developed a conventional analysis, studying energy intensity, and a non conventional analysis, using the Multi-Scale Integrated Analysis of Societal and Ecosystem Metabolism (MuSIASEM) accounting methodology. Both methodologies show that the development process followed by Argentina has not been good enough to assure sustainability in the long term. Instead of improving energy use, energy intensity has increased. The current composition of its energy mix, and the recent economic crisis in Argentina, as well as its development path, are some of the possible explanations.

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Multivariate granger causality between electricity consumption, exports and GDP: Evidence from a panel of Middle Eastern countries

Cited by 354 publications

References 46 publications

Output, renewable energy consumption and trade in Africa

Output, renewable energy consumption and trade in Africa

Energy Essential in the Industrial Manufacturing in Malaysia

Going beyond energy intensity to understand the energy metabolism of nations: The case of Argentina

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