The relationship between disaggregate energy consumption and industrial production in the United States: An ARDL approach

Sarı, Ramazan; Ewing, Bradley T.; Soytaş, Uğur

doi:10.1016/j.eneco.2007.10.002

Cited by 328 publications

(127 citation statements)

References 30 publications

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“…Most of the existing studies are based either on aggregated energy consumption, renewable or just nonrenewable energy consumption. Only a few studies have analyzed the impact of renewable and nonrenewable energy consumption on economic growth (Ewing et al, 2007;Sari et al, 2008;Payne, 2009;Apergis and Payne, 2011b;Bowden, 2011). However, to best of our knowledge, none of the empirical studies has focused to investigating the impact of renewable and nonrenewable energy consumption on economic growth.…”

Section: Some Mixed Resultsmentioning

confidence: 99%

“…This implies that energy conservation policies should be discouraged in Lithuanian economy. Sari et al (2008) followed Ewing et al (2007) by applying different estimation techniques in case of United States. They employed autoregressive distributive lag approach or ARDL bounds testing approach cointegration to test long run relationship between the variables using monthly data over the period of [2001][2002][2003][2004][2005].…”

Section: Review Of Literature On Energy-growth Nexusmentioning

confidence: 99%

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Is energy consumption effective to spur economic growth in Pakistan? New evidence from bounds test to level relationships and Granger causality tests

2012

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Abstract:The present study investigates the relationship between energy (renewable and nonrenewable) consumption and economic growth using Cobb-Douglas production function in case of Pakistan over the period of 1972-2011. We have used ARDL bounds testing and Gregory and Hansen (1990) structural break cointegration approaches for long run while stationarity properties of the variables are tested applying Clemente-Montanes-Reyes (1998) structural break unit root test.Our results confirm cointegration between renewable energy consumption, nonrenewable energy consumption, economic growth, capital and labor in case of Pakistan. The findings show that both renewable and nonrenewable energy consumption add to economic growth. Capital and labour are also important determinants of economic growth. The VECM granger causality analysis validates the existence of feedback hypotheses between renewable energy consumption and economic growth, nonrenewable energy consumption and economic growth, economic growth and capital.

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Section: Some Mixed Resultsmentioning

confidence: 99%

Section: Review Of Literature On Energy-growth Nexusmentioning

confidence: 99%

Is energy consumption effective to spur economic growth in Pakistan? New evidence from bounds test to level relationships and Granger causality tests

2012

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“…On the other hand, the analysis used an ARDL approach implying that real output and employment werea long runrelationship with the disaggregate energy consumption (Sari et al, 2008). In the case of Asian developing countries, they have different results from various countries to show the causal relationship between energy consumption and income for India, Indonesia, Philippines and Thailand (Asafu-Adjye, 2000).…”

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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“…While energy-growth nexus has been discussed at length, the literature has not taken the advantage of disaggregate components of both energy and economic growth data. It has been noted that examining the nexus between the components of energy and economic growth allows the advantage of comparing the strengths of causal relationships by energy resources (Sari, Ewing, & Soytas, 2008). According to Yang (2000), using disaggregate energy consumption provides an avenue to determine the extent by which countries depend on different types of energy.…”

Section: Introductionmentioning

confidence: 99%

Economic Consequences of Disaggregate Energy Consumption in West African Countries

Olofin¹,

Olayeni²,

Abogan³

2014

JSD

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Using the data over the period 1971-2010 and employing Dynamic Ordinary Least Squares for Cointegrated Panel Data with homogeneous long-run covariance structure across cross-sectional units, this paper assesses the costs of disaggregate energy consumption on the growth of output and of its components in eight selected West African Countries. The results show that fossil fuel consumption affects industry and agriculture negatively and positively affects per capita output growth, with none of the results statistically significant. There is positive relationship between electricity consumption and industry with statistically significant result. However, there is negative relationship between electricity consumption, agriculture and per capita output growth rate and the results were not statistically significant. Also, there is positive relation between road energy consumption, agriculture and output growth rate with statistically significant results. We find negative relation between diesel consumption, agriculture and output growth rate, but the relation between diesel consumption and industry is positive. However, none of these results is statistically significant. The study concludes that high priority should be placed on constant and stable supply of electricity and road energy.

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The relationship between disaggregate energy consumption and industrial production in the United States: An ARDL approach

Cited by 328 publications

References 30 publications

Is energy consumption effective to spur economic growth in Pakistan? New evidence from bounds test to level relationships and Granger causality tests

Is energy consumption effective to spur economic growth in Pakistan? New evidence from bounds test to level relationships and Granger causality tests

Energy Essential in the Industrial Manufacturing in Malaysia

Economic Consequences of Disaggregate Energy Consumption in West African Countries

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