Electricity Generation and Economic Efficiency: Panel Data Evidence from World and East Asian Countries

References

• Abosedra , S. and Baghestani , H. 1991 . New evidence on the causal relationship between United States energy consumption and gross national product . Journal of Energy and Development , 14 ( 2 ) : 285 – 292 .
   Google Scholar
• Akarca , A. T. and Long , T. V. 1980 . On the relationship between energy and GNP: A reexamination . Journal of Energy and Development , 5 ( 2 ) : 326 – 331 .
   Google Scholar
• Altinay , G. and Karagol , E. 2005 . Electricity consumption and economic growth: Evidence from Turkey . Energy Economics , 27 ( 6 ) : 849 – 856 .
   Web of Science ®Google Scholar
• Aqeel , A. and Butt , M. S. 2001 . The relationship between energy consumption and economic growth in Pakistan . Asia-Pacific Development Journal , 8 ( 2 ) : 101 – 109 .
   Google Scholar
• Arellano , M. 1987 . Computing robust standard errors for within-groups estimators . Oxford Bulletin of Economics and Statistics , 49 ( 4 ) : 431 – 434 .
   Web of Science ®Google Scholar
• Asmild , M. , Paradi , C. V. , Aggarwall , V. and Schaffnit , C. 2004 . Combining DEA window analysis with the Malmquist Index approach in a study of the Canadian banking industry . Journal of Productivity Analysis , 21 ( 1 ) : 67 – 89 .
   Web of Science ®Google Scholar
• Baltagi , B. H. 2001 . Econometric Analysis of Panel Data , 2nd edn , Chichester : John Wiley & Sons .
   Google Scholar
• Banker , R. D. , Charnes , A. and Cooper , W. W. 1984 . Some models for estimating technical and scale efficiencies in data envelopment analysis . Management Science , 30 ( 9 ) : 1078 – 1092 .
   Web of Science ®Google Scholar
• Beaudreau , B. C. 2005 . Engineering and economic growth . Structural Change and Economic Dynamics , 16 ( 2 ) : 211 – 220 .
   Google Scholar
• Bentzen , J. and Engsted , T. 1993 . Short and long-run elasticities in energy demand: a cointegration approach . Energy Economics , 15 ( 1 ) : 9 – 16 .
   Web of Science ®Google Scholar
• Berndt , E. R. 1990 . Energy use, technical progress and productivity growth: A survey of economic issues . Journal of Productivity Analysis , 2 ( 1 ) : 67 – 83 .
   Google Scholar
• BP Statistical Review of World Energy 2007 Available at http://www.bp.com/statisticalreview (accessed 13 September 2008) .
   Google Scholar
• Chang , S. C. 2009 . Horizontal and vertical intra-industry trade and firm's investment strategies: Evidence from the IT industry in the Asian, EU and US Markets . Global Economic Review , 38 ( 1 ) : 63 – 76 .
   Web of Science ®Google Scholar
• Charnes , A. , Cooper , W. W. and Rhodes , E. 1978 . Measuring the efficiency of decision making units . European Journal of Operational Research , 2 : 429 – 444 .
   Web of Science ®Google Scholar
• Charnes , A. , Clark , C. T. , Cooper , W. W. and Golany , B. 1985 . A developmental study of data envelopment analysis in measuring the efficiency of maintenance units in the U.S. Air Forces . Annals of Operations Research , 2 : 95 – 112 .
   Google Scholar
• Chen , S.-T. , Kuo , H.-I. and Chen , C.-C. 2007 . The relationship between GDP and electricity consumption in 10 Asian countries . Energy Policy , 35 ( 4 ) : 2611 – 2621 .
   Web of Science ®Google Scholar
• Chung , Y. H. , Fare , R. and Grosskopf , S. 1997 . Productivity and undesirable outputs: A directional distance function approach . Journal of Environmental Management , 51 ( 3 ) : 229 – 240 .
   Web of Science ®Google Scholar
• Cooper , W. W. , Seiford , L. M. and Tone , K. 2007 . Data envelopment analysis: A comprehensive text with models, applications, references and DEA-Solver software , Berlin : Springer .
   Google Scholar
• Färe , R. , Grosskopf , S. and Pasurka , C. 1989a . The effect of environmental regulations on the efficiency of electric utilities: 1969 versus 1975 . Applied Economics , 21 ( 2 ) : 225 – 235 .
   Web of Science ®Google Scholar
• Färe , R. , Grosskopf , S. , Lovell , C. A. K. and Pasurka , C. 1989b . Multilateral productivity comparisons when some outputs are undesirable . The Review of Economics and Statistics , 71 : 90 – 98 .
   Web of Science ®Google Scholar
• Ghosh , S. 2002 . Electricity consumption and economic growth in India . Energy Policy , 30 ( 2 ) : 125 – 129 .
   Web of Science ®Google Scholar
• Ghosh , S. 2009 . Electricity supply, employment and real GDP in India: Evidence from cointegration and Granger-causality tests . Energy Policy , 37 ( 8 ) : 2926 – 2929 .
   Web of Science ®Google Scholar
• Halkos , G. and Tzeremes , N. 2008 . Trade efficiency and economic development: Evidence from a cross country comparison . Applied Economics , 40 ( 21 ) : 2749 – 2764 .
   Web of Science ®Google Scholar
• Halkos , G. and Tzeremes , N. 2009a . Exploring the existence of Kuznets curve in countries’ environmental efficiency using DEA window analysis . Ecological Economics , 68 ( 7 ) : 2168 – 2176 .
   Google Scholar
• Halkos , G. and Tzeremes , N. 2009b Measuring regional economic efficiency: The case of Greek prefectures The Annals of Regional Science
   Google Scholar
• Jorgenson , D. W. 1984 . The role of energy in productivity growth . American Economic Review , 74 ( 2 ) : 26 – 30 .
   Web of Science ®Google Scholar
• Jumbe , C. B. L. 2004 . Cointegration and causality between electricity consumption and GDP: Empirical evidence from Malawi . Energy Economics , 26 ( 1 ) : 61 – 68 .
   Web of Science ®Google Scholar
• Kraft , J. and Kraft , A. 1978 . On the relationship between energy and GNP . Journal of Energy Development , 3 ( 2 ) : 401 – 403 .
   Google Scholar
• Lee , C.-C. 2005 . Energy consumption and GDP in developing countries: A cointegrated panel analysis . Energy Economics , 27 ( 3 ) : 415 – 427 .
   Web of Science ®Google Scholar
• Lee , C.-C. 2006 . The causality relationship between energy consumption and GDP in G-11 countries revisited . Energy Policy , 34 ( 9 ) : 1086 – 1093 .
   Web of Science ®Google Scholar
• Moon , Y. S. and Sonn , Y. H. 1996 . Productive energy consumption and economic growth: An endogenous growth model and its empirical applications . Resource and Energy Economics , 18 ( 2 ) : 189 – 200 .
   Google Scholar
• Murry , D. A. and Nan , G. D. 1996 . A definition of the gross domestic product–electrification interrelationship . The Journal of Energy and Development , 19 ( 2 ) : 275 – 283 .
   Google Scholar
• Shiu , A. and Lam , P. L. 2004 . Electricity consumption and economic growth in China . Energy Policy , 32 ( 1 ) : 47 – 54 .
   Web of Science ®Google Scholar
• Sin , J. S. 2005 . Substituting and complementing models of economic development in East Asia . Global Economic Review , 34 ( 1 ) : 99 – 118 .
   Google Scholar
• Solow , R. 1978 . Resources and economic growth . American Economic Review , 22 : 5 – 11 .
   Google Scholar
• Soytas , U. and Sari , R. 2006 . Can China contribute more to the fight against global warming? . Journal of Policy Modeling , 28 ( 8 ) : 837 – 846 .
   Web of Science ®Google Scholar
• Soytas , U. and Sari , R. 2007 . The relationship between energy and production: Evidence from Turkish manufacturing industry . Energy Economics , 29 ( 6 ) : 1151 – 1165 .
   Google Scholar
• Stern , D. 2004 . “ Economic growth and energy ” . In Encyclopedia of Energy , Edited by: Cleveland , C. J. Vol. 2 , Amsterdam : Elsevier .
   Google Scholar
• Stern , D. I. 1993 . Energy and economic growth in the U.S.A . Energy Economics , 15 ( 2 ) : 137 – 150 .
   Web of Science ®Google Scholar
• Stern , D. I. 2000 . Multivariate cointegration analysis of the role of energy in the U.S. macroeconomy . Energy Economics , 22 ( 2 ) : 267 – 283 .
   Web of Science ®Google Scholar
• Taskin , F. and Zaim , O. 2000 . Searching for a Kuznets curve in environmental efficiency using kernel estimations . Economics Letters , 68 ( 2 ) : 217 – 223 .
   Web of Science ®Google Scholar
• Tulkens , H. and Vanden Eeckaut , P. 1995 . Non-parametric efficiency, progress and regress measures for panel data: Methodological aspects . European Journal of Operational Research , 80 ( 3 ) : 474 – 499 .
   Web of Science ®Google Scholar
• UNCTAD 2008 Handbook of Statistics, UNCTAD . Available at http://stats.unctad.org/handbook/ReportFolders/ReportFolders.aspx?IF_ActivepathName_P/VIII.%20Development%20indicators (acccessed 13 September 2008) .
   Google Scholar
• van Zon , A. and Yetkiner , I. H. 2003 . An endogenous growth model with embodied energy-saving technical change . Resource and Energy Economics , 25 ( 1 ) : 81 – 103 .
   Web of Science ®Google Scholar
• Vogiatzoglou , K. 2007 . Vertical specialization and new determinants of FDI: Evidence from South and East Asia . Global Economic Review , 36 ( 3 ) : 245 – 266 .
   Google Scholar
• Wooldridge , J. M. 2002 . Econometric Analysis of Cross Section and Panel Data , Cambridge, MA : The MIT Press .
   Google Scholar
• Yoo , S.-H. 2006 . The causal relationship between electricity consumption and economic growth in the ASEAN countries . Energy Policy , 34 ( 18 ) : 3573 – 3582 .
   Web of Science ®Google Scholar
• Yu , E. S. H. and Choi , J. Y. 1985 . The causal relationship between energy and GNP: An international comparison . Journal of Energy and Development , 10 ( 2 ) : 249 – 272 .
   Google Scholar
• Yu , E. S. H. and Hwang , B. K. 1984 . The relationship between energy and GNP: Further results . Energy Economics , 6 ( 3 ) : 186 – 190 .
   Web of Science ®Google Scholar
• Yuan , J. H. , Kang , J. G. , Zhao , C. H. and Hu , Z. G. 2008 . Energy consumption and economic growth: Evidence from China at both aggregated and disaggregated levels . Energy Economics , 30 ( 6 ) : 3077 – 3094 .
   Web of Science ®Google Scholar
• Zaim , O. 2004 . Measuring environmental performance of state manufacturing through changes in pollution intensities: A DEA framework . Ecological Economics , 48 ( 1 ) : 37 – 47 .
   Google Scholar
• Zaim , O. and Taskin , F. 2000 . A Kuznets curve in environmental efficiency: An application on OECD countries . Environmental and Resource Economics , 17 ( 1 ) : 21 – 36 .
   Web of Science ®Google Scholar
• Zaim , O. , Färe , R. and Grosskopf , S. 2001 . An economic approach to achievement and improvement indexes . Social Indicators Research , 56 ( 1 ) : 91 – 118 .
   Web of Science ®Google Scholar
• Zou , G. and Chau , K. W. 2006 . Short- and long-run effects between oil consumption and economic growth in China . Energy Policy , 34 ( 18 ) : 3644 – 3655 .
   Google Scholar