Temporal causality between energy consumption and income in six Asian emerging countries
This article examines the short- and long-run causal relationship between energy consumptionand GDP of six emerging economies of Asia. Based on cointegration and vectorerror correction modeling the empirical results show that there exists a unidirectional shortandlong-run causality running from ener...
| Main Authors: | , |
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| Format: | Journal Article |
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Duncker & Humblot GmbH, 12165 Berlin
2009
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| Online Access: | http://hdl.handle.net/20.500.11937/43455 |
| _version_ | 1848756696527142912 |
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| author | Rafiq, S. Salim, Ruhul |
| author_facet | Rafiq, S. Salim, Ruhul |
| author_sort | Rafiq, S. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This article examines the short- and long-run causal relationship between energy consumptionand GDP of six emerging economies of Asia. Based on cointegration and vectorerror correction modeling the empirical results show that there exists a unidirectional shortandlong-run causality running from energy consumption to GDP for China, a unidirectionalshort-run causality from output to energy consumption for India, whilst a bi-directionalshort-run causality for Thailand. Neutrality between energy consumption and income isfound for Indonesia, Malaysia and Philippines. Following causality results India may contributeto the fight against global warming directly implementing energy conservation measures.For China, where causality runs from energy consumption to output, the country shouldfocus on technological developments and mitigation policies. Since a bi-directional causalityis found in Thailand, a balanced combination of alternative policies seems to be appropriate.Nevertheless, all the countries may initiate environmental policies aimed at decreasing energyintensity, increasing energy efficiency, developing a market for emission trading. |
| first_indexed | 2025-11-14T09:16:18Z |
| format | Journal Article |
| id | curtin-20.500.11937-43455 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T09:16:18Z |
| publishDate | 2009 |
| publisher | Duncker & Humblot GmbH, 12165 Berlin |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-434552017-02-28T01:45:00Z Temporal causality between energy consumption and income in six Asian emerging countries Rafiq, S. Salim, Ruhul Error correction model Generalized variance - decompositions Energy conservation Cointegration Generalized impulse response functions This article examines the short- and long-run causal relationship between energy consumptionand GDP of six emerging economies of Asia. Based on cointegration and vectorerror correction modeling the empirical results show that there exists a unidirectional shortandlong-run causality running from energy consumption to GDP for China, a unidirectionalshort-run causality from output to energy consumption for India, whilst a bi-directionalshort-run causality for Thailand. Neutrality between energy consumption and income isfound for Indonesia, Malaysia and Philippines. Following causality results India may contributeto the fight against global warming directly implementing energy conservation measures.For China, where causality runs from energy consumption to output, the country shouldfocus on technological developments and mitigation policies. Since a bi-directional causalityis found in Thailand, a balanced combination of alternative policies seems to be appropriate.Nevertheless, all the countries may initiate environmental policies aimed at decreasing energyintensity, increasing energy efficiency, developing a market for emission trading. 2009 Journal Article http://hdl.handle.net/20.500.11937/43455 Duncker & Humblot GmbH, 12165 Berlin restricted |
| spellingShingle | Error correction model Generalized variance - decompositions Energy conservation Cointegration Generalized impulse response functions Rafiq, S. Salim, Ruhul Temporal causality between energy consumption and income in six Asian emerging countries |
| title | Temporal causality between energy consumption and income in six Asian emerging countries |
| title_full | Temporal causality between energy consumption and income in six Asian emerging countries |
| title_fullStr | Temporal causality between energy consumption and income in six Asian emerging countries |
| title_full_unstemmed | Temporal causality between energy consumption and income in six Asian emerging countries |
| title_short | Temporal causality between energy consumption and income in six Asian emerging countries |
| title_sort | temporal causality between energy consumption and income in six asian emerging countries |
| topic | Error correction model Generalized variance - decompositions Energy conservation Cointegration Generalized impulse response functions |
| url | http://hdl.handle.net/20.500.11937/43455 |