Energy consumption and income in six Asian developing countries: a multivariate cointegration analysis

Rafiq, Shuddhasattwa 2008, Energy consumption and income in six Asian developing countries: a multivariate cointegration analysis, in IAEE 2008 : Proceedings of the 2nd Asian Conference on Energy Security and Economic Development under Environmental Constraints in the Asia-Pacific Region, IAEE, Cleveland, Oh., pp. 1-25.

Attached Files
Name Description MIMEType Size Downloads

Title Energy consumption and income in six Asian developing countries: a multivariate cointegration analysis
Author(s) Rafiq, ShuddhasattwaORCID iD for Rafiq, Shuddhasattwa orcid.org/0000-0002-2109-7441
Conference name Energy Security and Economic Development under Environmental Constraints in the Asia-Pacific Region. Asian Conference (2nd: 2008: Perth, Western Australia)
Conference location Perth, Western Australia
Conference dates 5-7 Nov. 2008
Title of proceedings IAEE 2008 : Proceedings of the 2nd Asian Conference on Energy Security and Economic Development under Environmental Constraints in the Asia-Pacific Region
Editor(s) [Unknown]
Publication date 2008
Start page 1
End page 25
Total pages 25
Publisher IAEE
Place of publication Cleveland, Oh.
Keyword(s) Energy conservation
Cointegration
Error correction model
Generalized variance decompositions
Generalized impulse response functions
Summary  This article examines the short- and long-run causal relationship between energy consumption and GDP of six emerging economies of Asia. Based on cointegration and vector error correction modeling the empirical results show that there exists unidirectional short- and long-run causality running from energy consumption to GDP for China, uni-directional short-run causality from output to energy consumption for India, whilst bi-directional short-run causality for Thailand. Neutrality between energy consumption and income is found for Indonesia, Malaysia and Philippines. Both the generalized variance decompositions and impulse response functions confirm the direction of causality. These findings have important policy implications for the countries concerned. The results suggest that while India may directly initiate energy conservation measures, China and Thailand may opt for a balanced combination of alternative polices.
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:30076929

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, 0 File Downloads  -  Detailed Statistics
Created: Wed, 26 Aug 2015, 15:13:19 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.