205
Views
8
CrossRef citations to date
0
Altmetric
Regular Articles

Electricity Consumption and Economic Growth in BRI Countries: Panel Causality and Policy Implications

, , &

References

  • Al-Iriani, M. A. 2006. Energy–GDP relationship revisited: An example from GCC countries using panel causality. Energy Policy 34 (17):3342–50. doi:10.1016/j.enpol.2005.07.005.
  • Altinay, G., and E. Karagol. 2005. Electricity consumption and economic growth: Evidence from Turkey. Energy Economics 27:849–56. doi:10.1016/j.eneco.2005.07.002.
  • Apergis, N., and J. E. Payne. 2009. Energy consumption and economic growth in Central America: Evidence from a panel cointegration and error correction model. Energy Economics 31:211–16. doi:10.1016/j.eneco.2008.09.002.
  • Barro, R. J. 1991. Economic growth in a cross section of countries. Quarterly Journal of Economics 106 (2):407–43. doi:10.2307/2937943.
  • Belloumi, M. 2009. Energy consumption and GDP in Tunisia: Cointegration and causality analysis. Energy Policy 37 (7):2745–53. doi:10.1016/j.enpol.2009.03.027.
  • BP. 2016. Statistical review of world energy 2016. Paris: BP.
  • Breitung, J., and M. H. Pesaran. 2008. Unit roots and cointegration in panels. In The econometrics of panel data, ed. L. Matyas and P. Sevestre, eds., 279–322. Berlin: Springer.
  • Campbell, J. Y., and P. Perron. 1991. Pitfalls and opportunities: What macroeconomists should know about unit roots. NBER Macroeconomic Annual 6 (6):141–201. doi:10.1086/654163.
  • Chen, S.-T., H.-I. Kuo, and C.-C. Chen. 2007. The relationship between GDP and electricity consumption in 10 Asian countries. Energy Policy 35:2611–21. doi:10.1016/j.enpol.2006.10.001.
  • Fang, Z., and Y. Chang. 2016. Energy, human capital and economic growth in Asia Pacific countries—Evidence from a panel cointegration and causality analysis. Energy Economics 56:177–84. doi:10.1016/j.eneco.2016.03.020.
  • Frees, E. W. 1995. Assessing cross-sectional correlation in panel data. Journal Economic 69:393–414. doi:10.1016/0304-4076(94)01658-M.
  • Friedman, M. 1937. The use of ranks to avoid the assumption of normality implicit in the analysis of variance. Journal of the American Statistical Association 32:675–701. doi:10.1080/01621459.1937.10503522.
  • Ghosh, S. 2002. Electricity consumption and economic growth in India. Energy Policy 30:125–29. doi:10.1016/S0301-4215(01)00078-7.
  • Granger, C. W. J., and P. Newbold. 1974. Spurious regressions in econometrics. Journal of Econometrics 2:111–20. doi:10.1016/0304-4076(74)90034-7.
  • IEA. 2016. World Energy Outlook. Paris: IEA.
  • Jumbe, C. B. L. 2004. Cointegration and causality between electricity consumption and GDP: Empirical evidence from Malawi. Energy Economics 26:61–68. doi:10.1016/S0140-9883(03)00058-6.
  • Lee, C. C., C. P. Chang, and P. F. Chen. 2008. Energy-income causality in OECD countries revisited: The key role of capital stock. Energy Economics 30:2359–73. doi:10.1016/j.eneco.2008.01.005.
  • Liu, Y., and Y. Hao. 2018. The dynamic links between CO2 emissions, energy consumption and economic development t in the countries along “the Belt and Road”. Science of the Total Environment 645:674–83. doi:10.1016/j.scitotenv.2018.07.062.
  • Morimoto, R., and C. Hope. 2004. The impact of electricity supply on economic growth in Sri Lanka. Energy Economics 26:77–85. doi:10.1016/S0140-9883(03)00034-3.
  • Mozumder, P., and A. Marathe. 2007. Causality relationship between electricity consumption and GDP in Bangladesh. Energy Policy 35 (1):395–402. doi:10.1016/j.enpol.2005.11.033.
  • Murry, D. A., and G. D. Nan. 1996. A definition of the gross domestic product – electrification interrelationship. The Journal of Energy and Development 19 (2):275–283.
  • Narayan, P. K., and R. Smyth. 2008. Energy consumption and real GDP in G7 countries: New evidence from panel cointegration with structural breaks. Energy Economics 30:2331–41. doi:10.1016/j.eneco.2007.10.006.
  • NDRC. 2017. To build “The Belt and Road Initiative”: Concept, practice and Chinese contribution. Beijing: NDRC.
  • Ozturk, I. 2010. A literature survey on energy–Growth nexus. Energy Policy 38:340–49. doi:10.1016/j.enpol.2009.09.024.
  • Payne, J. E. 2010. A survey of the electricity consumption-growth literature. Applied Energy 87:723–31. doi:10.1016/j.apenergy.2009.06.034.
  • Pedroni, P. 1999. Critical values for cointegration tests in heterogeneous panels with multiple regressors. Oxford Bulletin of Economics and Statistics 61:653–70. doi:10.1111/obes.1999.61.issue-S1.
  • Pedroni, P. 2000. Fully modified OLS for heterogeneous cointegrated panels. Advanced in Econometrics 15:93–130.
  • Pedroni, P. 2004. Panel cointegration: Asymptotic and finite sample properties of fooled time series tests with an application to the PPP hypothesis. Econometric Theory 20:597–625. doi:10.1017/S0266466604203073.
  • Perman, R., and D. I. Stern. 2003. Evidence from panel unit root and cointegration tests that the environmental Kuznets curve does not exist. The Australian Journal of Agricultural and Resource Economics 47:325–47. doi:10.1111/1467-8489.00216.
  • Persyn, D., and J. Westerlund. 2008. Error-correction-based cointegration tests for panel data. The Stata Journal 8 (2):232–41. doi:10.1177/1536867X0800800205.
  • Pesaran, M. H., 2004. General diagnostic tests for cross section dependence in panels. Cambridge Working Papers in Economics No. 0435.
  • Pesaran, M. H. 2007. A simple panel unit root test in the presence of cross-section dependence. Journal of Applied Economics 22:265–312. doi:10.1002/(ISSN)1099-1255.
  • Ren, P., C. Liu, and L. Zhang. 2017. Survey of China‘s Participation in Coal Generation Projects in BRI Countries. Beijing: Global Environment Institute.
  • Rosenberg, N. 1998. The role of electricity in industrial development. The Energy Journal 19:7–24. doi:10.5547/ISSN0195-6574-EJ.
  • Shiu, A., and P. L. Lam. 2004. Electricity consumption and economic growth in China. Energy Policy 32:47–54. doi:10.1016/S0301-4215(02)00250-1.
  • WDI. 2016. World development indicators. Washington DC: World Bank.
  • Westerlund, J. 2007. Testing for error correction in panel data. Oxford Bulletin of Economics and Statistics 69 (6):709–48. doi:10.1111/j.1468-0084.2007.00477.x.
  • Westerlund, J., and D. L. Edgerton. 2007. A panel bootstrap cointegration test. Economics Letters 97:185–90. doi:10.1016/j.econlet.2007.03.003.
  • Wolde-Rufael, Y. 2006. Electricity consumption and economic growth: A time series experience for 17 African countries. Energy Policy 34:1106–14. doi:10.1016/j.enpol.2004.10.008.
  • Yoo, S. H. 2005. Electricity consumption and economic growth: Evidence from Korea. Energy Policy 33:1627–32. doi:10.1016/j.enpol.2004.02.002.
  • Yoo, S. H. 2006. The causal relationship between electricity consumption and economic growth in the ASEAN countries. Energy Policy 34 (18):3573–82. doi:10.1016/j.enpol.2005.07.011.
  • Yuan, J., C. Zhao, Y. Shunkun, and H. Zhaoguang. 2007. Electricity consumption and economic growth in China: Cointegration and co-feature analysis. Energy Economics 29:1179–91. doi:10.1016/j.eneco.2006.09.005.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.