BibTex RIS Kaynak Göster

The Relationship Between Energy Consumption and Economic Growth in South and Southeast Asian Countries: A Panel VAR Approach and Causality Analysis

Yıl 2015, Cilt: 5 Sayı: 3, 704 - 715, 01.09.2015

Öz

This study investigates the dynamic relationship between energy consumption and economic growth in nine South and Southeast Asian countries (i.e., Bangladesh, Brunei Darussalam, India, Indonesia, Malaysia, Pakistan, the Philippines, Sri Lanka, and Thailand) using a panel data framework. The period for the study is 1990–2012, and the World Bank Development Indicators dataset is used. This study applies a panel vector autoregression (VAR) model to provide impulse response functions (IRFs), which enable the impact of shocks to be examined between real gross domestic product (GDP), energy use (ENERGY), real gross fixed capital formation (GFC), and total labor force (LABOR). In addition, panel Granger causality tests are employed to examine the direction of causality between energy consumption and economic growth. The IRFs show that the shocks of all the variables require a long period to reach the long-run equilibrium level and the greatest response of each variable is attributed to its own shock. The panel Granger causality results evidence bidirectional causality effects between energy consumption and economic growth, which supports the feedback hypothesis, meaning that these variables have strong interdependency between each other. Therefore, policy regarding energy consumption should be considered carefully.

Yıl 2015, Cilt: 5 Sayı: 3, 704 - 715, 01.09.2015

Öz

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Ayrıntılar

Diğer ID JA56DZ89FP
Bölüm Araştırma Makalesi
Yazarlar

Anthony N. Rezitis Bu kişi benim

Shaikh Mostak Ahammad Bu kişi benim

Yayımlanma Tarihi 1 Eylül 2015
Yayımlandığı Sayı Yıl 2015 Cilt: 5 Sayı: 3

Kaynak Göster

APA Rezitis, A. N., & Ahammad, S. M. (2015). The Relationship Between Energy Consumption and Economic Growth in South and Southeast Asian Countries: A Panel VAR Approach and Causality Analysis. International Journal of Energy Economics and Policy, 5(3), 704-715.
AMA Rezitis AN, Ahammad SM. The Relationship Between Energy Consumption and Economic Growth in South and Southeast Asian Countries: A Panel VAR Approach and Causality Analysis. IJEEP. Eylül 2015;5(3):704-715.
Chicago Rezitis, Anthony N., ve Shaikh Mostak Ahammad. “The Relationship Between Energy Consumption and Economic Growth in South and Southeast Asian Countries: A Panel VAR Approach and Causality Analysis”. International Journal of Energy Economics and Policy 5, sy. 3 (Eylül 2015): 704-15.
EndNote Rezitis AN, Ahammad SM (01 Eylül 2015) The Relationship Between Energy Consumption and Economic Growth in South and Southeast Asian Countries: A Panel VAR Approach and Causality Analysis. International Journal of Energy Economics and Policy 5 3 704–715.
IEEE A. N. Rezitis ve S. M. Ahammad, “The Relationship Between Energy Consumption and Economic Growth in South and Southeast Asian Countries: A Panel VAR Approach and Causality Analysis”, IJEEP, c. 5, sy. 3, ss. 704–715, 2015.
ISNAD Rezitis, Anthony N. - Ahammad, Shaikh Mostak. “The Relationship Between Energy Consumption and Economic Growth in South and Southeast Asian Countries: A Panel VAR Approach and Causality Analysis”. International Journal of Energy Economics and Policy 5/3 (Eylül 2015), 704-715.
JAMA Rezitis AN, Ahammad SM. The Relationship Between Energy Consumption and Economic Growth in South and Southeast Asian Countries: A Panel VAR Approach and Causality Analysis. IJEEP. 2015;5:704–715.
MLA Rezitis, Anthony N. ve Shaikh Mostak Ahammad. “The Relationship Between Energy Consumption and Economic Growth in South and Southeast Asian Countries: A Panel VAR Approach and Causality Analysis”. International Journal of Energy Economics and Policy, c. 5, sy. 3, 2015, ss. 704-15.
Vancouver Rezitis AN, Ahammad SM. The Relationship Between Energy Consumption and Economic Growth in South and Southeast Asian Countries: A Panel VAR Approach and Causality Analysis. IJEEP. 2015;5(3):704-15.