The dynamics of sectoral electricity demand for a panel of US states: New evidence on the consumption–growth nexus

Saunoris, James W.; Sheridan, Brandon J.

doi:10.1016/j.enpol.2013.05.092

Cited by 26 publications

(12 citation statements)

References 32 publications

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“…From a logical perspective, the relationship between energy consumption and economic development can be translated into four testable hypotheses: (1) the growth hypothesis; (2) the conservation hypothesis; (3) the feedback hypothesis; and (4) the neutrality hypothesis. These hypotheses have provided the frameworks for explaining the results of the causality analyses (for example Zhang 2011; Dagher and Yacoubian 2012;Saunoris and Sheridan 2013;Cowan et al 2014). The growth hypothesis assumes that energy consumption affects economic development but not vice versa.…”

Section: Literature Reviewmentioning

confidence: 99%

Electricity consumption and economic development in Asia: new data and new methods

Furuoka

2015

Asian-Pac Economic Lit

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This study uses a new statistical technique, Panel Analysis of Nonstationarity in Idiosyncratic and Common Components (PANIC) analysis, to examine causal linkages between electricity consumption and economic development in 12 Asian countries over the period 1971–2011. The findings indicate that there was no long‐run equilibrium relationship between electricity consumption and economic development in the region as a whole. More importantly, the causality tests detected unidirectional causality from economic development to electricity consumption for East Asian countries and a reverse causal relationship for South Asian countries. These findings have important policy implications for sustainable energy consumption.

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Section: Literature Reviewmentioning

confidence: 99%

Electricity consumption and economic development in Asia: new data and new methods

Furuoka

2015

Asian-Pac Economic Lit

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“…For electricity specifically, these elasticities are also relatively low, ranging from –0.14 (short run) to –0.56 (long run). In a more recent study, Saunoris and Sheridan () also find evidence of low demand elasticity for energy input by the industrial sector even when controlling for energy intensity. They report average long‐ and short‐run price elasticities for the US of –0.62 (high‐energy‐intensity sectors) and −0.83 (low‐energy‐intensity sectors) respectively.…”

Section: Literature Review On the Parameters Used For The Multi‐factomentioning

confidence: 92%

Multi‐Factor Effective Corporate Taxation, Firms’ Mark‐Ups and Tax Incidence: Evidence from OECD Countries

2018

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This paper provides novel evidence on the multi‐factor effective marginal tax rates (EMTRs) for a sample of 17 OECD countries and 11 manufacturing sectors. We use a single framework encompassing capital, labour and energy taxes. Our cross‐country/cross‐sector approach allows us to analyse the contributions of these input factors to the effective tax borne by firms, taking explicitly into account their degree of substitution, their tax incidence and the role of mark‐ups. We find that the labour tax plays a particularly important role in the overall level of the EMTR and that the presence of mark‐ups can significantly alter the levels of the multi‐factor EMTR, although without significantly altering the ranking of countries. We also find that the bulk of the variation in EMTRs is across countries, rather than across sectors (within countries).

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“…However, GDP was never designed to measure economic welfare or sustainability (Costanza et al, 2009;Kuznets, 1934) since it does not account for changes in the natural, human and social capital which are inherent parts of the economic system. (Costanza et al, 2009;Saunoris & Sheridan, 2013).…”

Section: Measuring Sustainable Developmentmentioning

confidence: 99%

Natural Resources, Globalization and Sustainable Economic Welfare: A Panel ARDL Approach

Fuinhas¹,

Marques²,

Faria³

2019

SAE

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El PIB ha sido la medida más aceptada de rendimiento económico, pero no se trata de una medida de desarrollo económico, no teniendo en cuenta aspectos clave de la calidad de vida y la sostenibilidad. Así, el Índice de Bienestar Económico Sostenible (ISEW) se asume como alternativa. Este artículo tiene como objetivo (i) comparar ambas medidas de desarrollo económico y (ii) estudiar los efectos de la globalización y de la explotación de recursos naturales en el crecimiento económico y el desarrollo sostenible. Se utiliza un enfoque ARDL en panel, para comprobar los efectos de corto y largo plazo. El panel se compone de 14 países de la OECD, utilizando datos anuales para el período de tiempo de 1995 a 2013. Los resultados indican que la explotación de los recursos naturales tiene un efecto positivo sobre el PIB per cápita en el corto plazo, y efecto negativo en ISEW per cápita en corto y largo plazo. La apertura comercial tiene un impacto positivo en el crecimiento económico de corto plazo y negativo en el largo plazo de desarrollo sostenible. Los directores de políticas deberían de considerar el ISEW como una alternativa de medida más exacta del desarrollo económico, debiendo implementar políticas que reduzcan el agotamiento de los recursos naturales y limite los efectos negativos de la globalización, para mejorar el desarrollo económico y crear más bienestar.

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The dynamics of sectoral electricity demand for a panel of US states: New evidence on the consumption–growth nexus

Cited by 26 publications

References 32 publications

Electricity consumption and economic development in Asia: new data and new methods

Electricity consumption and economic development in Asia: new data and new methods

Multi‐Factor Effective Corporate Taxation, Firms’ Mark‐Ups and Tax Incidence: Evidence from OECD Countries

Natural Resources, Globalization and Sustainable Economic Welfare: A Panel ARDL Approach

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