The linkage between energy consumption and income in six emerging economies of Asia
This article examines the short- and long-run causal relationships 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...
| Main Authors: | , |
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| Format: | Journal Article |
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Emerald Group Publishing Ltd.
2011
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| Online Access: | http://hdl.handle.net/20.500.11937/36195 |
| _version_ | 1848754701505396736 |
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| author | Rafiq, Shuddsattwa Salim, Ruhul |
| author_facet | Rafiq, Shuddsattwa Salim, Ruhul |
| author_sort | Rafiq, Shuddsattwa |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This article examines the short- and long-run causal relationships 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 policies. |
| first_indexed | 2025-11-14T08:44:36Z |
| format | Journal Article |
| id | curtin-20.500.11937-36195 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:44:36Z |
| publishDate | 2011 |
| publisher | Emerald Group Publishing Ltd. |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-361952018-05-09T08:16:13Z The linkage between energy consumption and income in six emerging economies of Asia Rafiq, Shuddsattwa Salim, Ruhul error correction model generalized variance decompositions generalized impulse response functions energy conservation cointegration This article examines the short- and long-run causal relationships 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 policies. 2011 Journal Article http://hdl.handle.net/20.500.11937/36195 10.1108/17468801111104377 Emerald Group Publishing Ltd. fulltext |
| spellingShingle | error correction model generalized variance decompositions generalized impulse response functions energy conservation cointegration Rafiq, Shuddsattwa Salim, Ruhul The linkage between energy consumption and income in six emerging economies of Asia |
| title | The linkage between energy consumption and income in six emerging economies of Asia |
| title_full | The linkage between energy consumption and income in six emerging economies of Asia |
| title_fullStr | The linkage between energy consumption and income in six emerging economies of Asia |
| title_full_unstemmed | The linkage between energy consumption and income in six emerging economies of Asia |
| title_short | The linkage between energy consumption and income in six emerging economies of Asia |
| title_sort | linkage between energy consumption and income in six emerging economies of asia |
| topic | error correction model generalized variance decompositions generalized impulse response functions energy conservation cointegration |
| url | http://hdl.handle.net/20.500.11937/36195 |