You are not logged in.

Energy consumption and output: time series evidence from non-OECD developing countries

Rafiq, Shuddhasattw 2008, Energy consumption and output: time series evidence from non-OECD developing countries, in IAEE 2008 Proceedings of the 28th North American Conference for USA Association of Energy Economics, IAEE, Cleveland, Oh., pp. 1-2.

Attached Files
Name Description MIMEType Size Downloads

Title Energy consumption and output: time series evidence from non-OECD developing countries
Author(s) Rafiq, ShuddhasattwORCID iD for Rafiq, Shuddhasattw orcid.org/0000-0002-2109-7441
Conference name USA Association of Energy Economics. North American Conference (28th: 2008: New Orleans, Louisiana)
Conference location New Orleans, Louisiana
Conference dates 3-5 Dec. 2008
Title of proceedings IAEE 2008 Proceedings of the 28th North American Conference for USA Association of Energy Economics
Editor(s) Williams, David
Publication date 2008
Start page 1
End page 2
Total pages 2
Publisher IAEE
Place of publication Cleveland, Oh.
Summary Statistically significant association between energy consumption and economic growth is now well established in the literature. However, it still remains an unsettled issue whether economic growth is the cause or effect of energy consumption. The importance of identifying the direction of causality emanates from its relevance in national policy-making issues regarding energy conservation. Energy conservationissue is more important when energy acts as a contributing factor in economic growth than when it is used as a result of higher economic growth. In this backdrop, it is justified to search causal relationship between energy consumption and national output (GDP) of those countries that are expected to have higher energy consumption in future. Evidence shows that countries classified as non-OECD Asia will have the highest growth in energy consumption (3.7 percent) over the period 2003-2030. This forecasted energy consumption in these countries will have significant policy implication in the area of energy conservation. Hence, the present paper attempts to identify the direction of causality between energy consumption and output in the context of six major energy dependent non-OECD Asian countries.However, since the traditional bivariate approach suffers from omitted variable problems (Stern 1993, Masih and Masih, 1996 and Asafu-Adjaye, 2000), this paper employs a trivariate demand side approach consisting of energy consumption, income and prices. The countries selected for this purpose are Bangladesh, China, India, Malaysia, Pakistan and Thailand. Moreover, according to the Energy Information Administration (EIA) data of 2005, these six countries contribute 81.35% of the energyconsumption by all non-OECD Asian countries (aggregate energy consumption of 2005 by all non-OECD Asian countries is 113.60 quadrillion BTU while for these six countries alone the consumption is 92.42 quadrillion BTU).
Language eng
Field of Research 140202 Economic Development and Growth
Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
HERDC Research category EN.1 Other conference paper
Copyright notice ©2008, IAEE
Persistent URL http://hdl.handle.net/10536/DRO/DU:30076928

Document type: Conference Paper
Collection: Department of Economics
Connect to link resolver
 
Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved.

Versions
Version Filter Type
Citation counts: TR Web of Science Citation Count  Cited 0 times in TR Web of Science
Scopus Citation Count Cited 0 times in Scopus
Google Scholar Search Google Scholar
Access Statistics: 24 Abstract Views, 2 File Downloads  -  Detailed Statistics
Created: Wed, 26 Aug 2015, 15:13:10 EST

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.