The impact of ICT investment and energy price on industrial electricity demand: Dynamic growth model approach

Cho, Youngsang; Lee, Jongsu; Kim, Tai Yoo

doi:10.1016/j.enpol.2007.03.030

Cited by 143 publications

(53 citation statements)

References 29 publications

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“…It is therefore interesting to study the relationship between the ICT and the observed increase or decrease in energy consumption of production. Cho et al (2007) studied the effects of ICT investment, electricity price, and oil price on the consumption of electricity in South Korea's industries using a logistic growth model. They find evidence that (1) ICT investment in manufacturing industries that normally consume relatively large amounts of electricity promotes the substitution of input factors away from labor intensive to electricity intensive.…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of Information Communication Technology and Economic Growth on the Electricity Consumption: Empirical Evidence from 67 Countries

2015

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This study investigated the impact of information communication technology (ICT) and economic growth (GDP) on electricity consumption (EC) for a global panel consisting of 67 countries using a dynamic panel data model. We also implement these empirical models for three income panels, namely, high income, middle income, and low income panels. The panel model was used in this study from the period 1990-2012. Our main findings show a positive and statistically significant effect of ICT on electricity consumption when ICT measured using Internet connections and mobile phones. Moreover, the results indicate that economic growth has a positive and statistical significant effect on electricity consumption for four global panels. Financial development is found to have a positive impact on electricity consumption in global panels, middle income, and low income panels. For the high income and middle income, the population has a positive and statistical significant effect on electricity consumption.

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Section: Literature Reviewmentioning

confidence: 99%

Impact of Information Communication Technology and Economic Growth on the Electricity Consumption: Empirical Evidence from 67 Countries

2015

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“…The estimable empirical equation is modeled as following: In the time series analysis, series are apparently integrated if two or more series are individually integrated. To address the cointegration phenomenon, several techniques have been developedin 8 We have generated an index of ICT using Principle Component Analysis. The data is available from authors upon request.…”

Section: Model Construction Methodological Framework and Data Comentioning

confidence: 99%

The Role of Information Communication Technology and Economic Growth in Recent Electricity Demand: Fresh Evidence from Combine Cointegration Approach in UAE

et al. 2015

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This paper investigates relationship between information communication technology (ICT), economic growth and electricity consumption using data of UAE over the period of 1975-2011.We have tested the unit properties of variables and the Bayer and Hanck combined cointegration approach for long run relationship. The innovative accounting approach is applied to test the robustness of the VECM Granger causality findings. Our empirical results confirm the existence of cointegration between the series. We find that ICT adds in electricity demand but electricity prices lower it. Income growth increases electricity consumption. The non-linear relationship between ICT and electricity consumption is an Inverted U-shaped. The causality results reveal that ICT and electricity prices Granger cause electricity demand. The feedback effect exists between economic growth and electricity consumption.

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“…For example, Energy Policy's 2014 special issue on "Energy efficiency for a more sustainable world" does not contain a single paper on rebound effects, and the term is not even mentioned in its editorial [25]. A study on Korea even shows that when they are not geared towards reducing energy consumption, ICT investments can contribute to increased electricity intensity, because they induce the replacement of less laborintensive inputs with more electricity-intensive ones [26]. This is consistent with Binswanger who argued that when production costs are dominated by wages and energy prices are low, labor will tend to be replaced by machines [27].…”

Section: Ict and Efficiencymentioning

confidence: 99%

Rebound Effects and ICT: A Review of the Literature

Gossart

2014

Advances in Intelligent Systems and Computing

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The impact of ICT investment and energy price on industrial electricity demand: Dynamic growth model approach

Cited by 143 publications

References 29 publications

Impact of Information Communication Technology and Economic Growth on the Electricity Consumption: Empirical Evidence from 67 Countries

Impact of Information Communication Technology and Economic Growth on the Electricity Consumption: Empirical Evidence from 67 Countries

The Role of Information Communication Technology and Economic Growth in Recent Electricity Demand: Fresh Evidence from Combine Cointegration Approach in UAE

Rebound Effects and ICT: A Review of the Literature

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