Electricity consumption–growth nexus: The case of Malaysia

作者: V.G.R. Chandran , Susan Sharma , Karunagaran Madhavan

DOI: 10.1016/J.ENPOL.2009.10.013

关键词:

摘要: Abstract The goal of this paper is to model the relationship between electricity consumption and real gross domestic product (GDP) for Malaysia in a bivariate multivariate framework. We use time series data period 1971–2003 apply bounds testing approach search long-run relationship. Our results reveal that consumption, GDP price share autoregressive distributed lag (ARDL) estimates elasticity on are found be around 0.7 statistically significant. Finally, short-run, causality test show there unidirectional causal flow from economic growth Malaysia. From these findings we conclude an energy-dependent country, leading us draw some policy implications. This adds support validity, thus reducing makers concern ambiguity nexus

参考文章(51)
Søren Johansen, Katarina Juselius, MAXIMUM LIKELIHOOD ESTIMATION AND INFERENCE ON COINTEGRATION — WITH APPLICATIONS TO THE DEMAND FOR MONEY Oxford Bulletin of Economics and Statistics. ,vol. 52, pp. 169- 210 ,(2009) , 10.1111/J.1468-0084.1990.MP52002003.X
M. Hashem Pesaran, Yongcheol Shin, Richard J. Smith, Bounds testing approaches to the analysis of level relationships Journal of Applied Econometrics. ,vol. 16, pp. 289- 326 ,(2001) , 10.1002/JAE.616
Chien-Chiang Lee, Chun-Ping Chang, Energy consumption and economic growth in Asian economies: A more comprehensive analysis using panel data Resource and Energy Economics. ,vol. 30, pp. 50- 65 ,(2008) , 10.1016/J.RESENEECO.2007.03.003
Peter Pedroni, Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors Oxford Bulletin of Economics and Statistics. ,vol. 61, pp. 653- 670 ,(1999) , 10.1111/1468-0084.0610S1653
Ram M. Shrestha, Gabrial Anandarajah, Migara H. Liyanage, Factors affecting CO2 emission from the power sector of selected countries in Asia and the Pacific Energy Policy. ,vol. 37, pp. 2375- 2384 ,(2009) , 10.1016/J.ENPOL.2009.01.032
James E. Payne, On the dynamics of energy consumption and output in the US Applied Energy. ,vol. 86, pp. 575- 577 ,(2009) , 10.1016/J.APENERGY.2008.07.003
H. -E. Reimers, Comparisons of tests for multivariate cointegration Statistical Papers. ,vol. 33, pp. 335- 359 ,(1992) , 10.1007/BF02925336