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Triangular Relationship between Energy Consumption, Price Index and National Income in Asian Countries: A Pooled Mean Group Approach in Presence of Structural Breaks

Yıl 2014, Cilt: 4 Sayı: 4, 610 - 620, 01.12.2014

Bilal Mehmood Syed Hassan Raza Mahwish Rana Huma Sohaib Muhammad Azhar Khan

Öz

Energy consumption is a key factor in economic activity. To ascertain its role in economic growth, this study empirically investigates its role for Asian countries. Price index is also included in analysis as factor of economic growth. We examine and quantify this long run relationship for a sample of selected Asian countries with data on relevant variables for a large time dimension (1970 to 2012). Econometric precision is brought by using pooled mean group (PMG) besides other Pedroni, Kao and Westerlund panel cointegration tests. PMG being heterogeneous panels estimation technique allows the slope and short run parameters to vary across the countries. Structural breaks are also incorporated to observe the impact of shocks that leave permanent effect on national income. Results show the presence of long run relationship between energy consumption and national income. The positive contribution of energy consumption is quantified using Fully Modified OLS and dynamic OLS as well. Policy recommendations are made on the basis of empirical analysis.

Anahtar Kelimeler

Energy consumption National income Price index Pedroni Cointegration Kao Cointegration Westerlund Test Structural breaks

Yıl 2014, Cilt: 4 Sayı: 4, 610 - 620, 01.12.2014

Bilal Mehmood Syed Hassan Raza Mahwish Rana Huma Sohaib Muhammad Azhar Khan

Öz

Toplam 0 adet kaynakça vardır.

Ayrıntılar

Diğer ID JA38UA38MV
Bölüm Araştırma Makalesi
Yazarlar

Bilal Mehmood Bu kişi benim

Syed Hassan Raza Bu kişi benim

Mahwish Rana Bu kişi benim

Huma Sohaib Bu kişi benim

Muhammad Azhar Khan Bu kişi benim

Yayımlanma Tarihi 1 Aralık 2014
Yayımlandığı Sayı Yıl 2014 Cilt: 4 Sayı: 4

Kaynak Göster

APA Mehmood, B., Raza, S. H., Rana, M., Sohaib, H., vd. (2014). Triangular Relationship between Energy Consumption, Price Index and National Income in Asian Countries: A Pooled Mean Group Approach in Presence of Structural Breaks. International Journal of Energy Economics and Policy, 4(4), 610-620.
AMA Mehmood B, Raza SH, Rana M, Sohaib H, Khan MA. Triangular Relationship between Energy Consumption, Price Index and National Income in Asian Countries: A Pooled Mean Group Approach in Presence of Structural Breaks. IJEEP. Aralık 2014;4(4):610-620.
Chicago Mehmood, Bilal, Syed Hassan Raza, Mahwish Rana, Huma Sohaib, ve Muhammad Azhar Khan. “Triangular Relationship Between Energy Consumption, Price Index and National Income in Asian Countries: A Pooled Mean Group Approach in Presence of Structural Breaks”. International Journal of Energy Economics and Policy 4, sy. 4 (Aralık 2014): 610-20.
EndNote Mehmood B, Raza SH, Rana M, Sohaib H, Khan MA (01 Aralık 2014) Triangular Relationship between Energy Consumption, Price Index and National Income in Asian Countries: A Pooled Mean Group Approach in Presence of Structural Breaks. International Journal of Energy Economics and Policy 4 4 610–620.
IEEE B. Mehmood, S. H. Raza, M. Rana, H. Sohaib, ve M. A. Khan, “Triangular Relationship between Energy Consumption, Price Index and National Income in Asian Countries: A Pooled Mean Group Approach in Presence of Structural Breaks”, IJEEP, c. 4, sy. 4, ss. 610–620, 2014.
ISNAD Mehmood, Bilal vd. “Triangular Relationship Between Energy Consumption, Price Index and National Income in Asian Countries: A Pooled Mean Group Approach in Presence of Structural Breaks”. International Journal of Energy Economics and Policy 4/4 (Aralık 2014), 610-620.
JAMA Mehmood B, Raza SH, Rana M, Sohaib H, Khan MA. Triangular Relationship between Energy Consumption, Price Index and National Income in Asian Countries: A Pooled Mean Group Approach in Presence of Structural Breaks. IJEEP. 2014;4:610–620.
MLA Mehmood, Bilal vd. “Triangular Relationship Between Energy Consumption, Price Index and National Income in Asian Countries: A Pooled Mean Group Approach in Presence of Structural Breaks”. International Journal of Energy Economics and Policy, c. 4, sy. 4, 2014, ss. 610-2.
Vancouver Mehmood B, Raza SH, Rana M, Sohaib H, Khan MA. Triangular Relationship between Energy Consumption, Price Index and National Income in Asian Countries: A Pooled Mean Group Approach in Presence of Structural Breaks. IJEEP. 2014;4(4):610-2.