Does electricity drive the development of manufacturing sector in Malaysia?

This paper investigates the relationship between electricity consumption, output, and price in the manufacturing sector in Malaysia. We find that electricity consumption, output, and price are cointegrated in the long run. In addition, it has been found that the relationship between electricity c...

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Main Authors: Dzul Hadzwan, Husaini, Hooi, Hooi Lean
Format: Article
Language:English
Published: Frontiers Media S.A. 2015
Subjects:
Online Access:http://ir.unimas.my/id/eprint/12884/
http://ir.unimas.my/id/eprint/12884/1/Does%20electricity%20drive%20the%20development%20of%20manufacturing%20sector%20in%20%28abstract%29.pdf
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author Dzul Hadzwan, Husaini
Hooi, Hooi Lean
author_facet Dzul Hadzwan, Husaini
Hooi, Hooi Lean
author_sort Dzul Hadzwan, Husaini
building UNIMAS Institutional Repository
collection Online Access
description This paper investigates the relationship between electricity consumption, output, and price in the manufacturing sector in Malaysia. We find that electricity consumption, output, and price are cointegrated in the long run. In addition, it has been found that the relationship between electricity consumption and output is positive. In the long run, we find a unidirectional causality from manufacturing output to electricity consumption. This result indicates that the development of manufacturing sector stimulates greater demand for electricity. Government needs to make sure that the planning of electricity supply in the future is in line with the economic development planning to avoid shortage in electricity supply. In the short run, a unidirectional relationship runs from electricity consumption to output is found. A decrease of energy usage in production might reduce the output growth in short run. Hence, we suggest improving the efficiency of electricity usage and some cost-effective sources of energy.
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institution Universiti Malaysia Sarawak
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language English
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publishDate 2015
publisher Frontiers Media S.A.
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spelling unimas-128842017-10-04T00:58:58Z http://ir.unimas.my/id/eprint/12884/ Does electricity drive the development of manufacturing sector in Malaysia? Dzul Hadzwan, Husaini Hooi, Hooi Lean H Social Sciences (General) This paper investigates the relationship between electricity consumption, output, and price in the manufacturing sector in Malaysia. We find that electricity consumption, output, and price are cointegrated in the long run. In addition, it has been found that the relationship between electricity consumption and output is positive. In the long run, we find a unidirectional causality from manufacturing output to electricity consumption. This result indicates that the development of manufacturing sector stimulates greater demand for electricity. Government needs to make sure that the planning of electricity supply in the future is in line with the economic development planning to avoid shortage in electricity supply. In the short run, a unidirectional relationship runs from electricity consumption to output is found. A decrease of energy usage in production might reduce the output growth in short run. Hence, we suggest improving the efficiency of electricity usage and some cost-effective sources of energy. Frontiers Media S.A. 2015 Article PeerReviewed text en http://ir.unimas.my/id/eprint/12884/1/Does%20electricity%20drive%20the%20development%20of%20manufacturing%20sector%20in%20%28abstract%29.pdf Dzul Hadzwan, Husaini and Hooi, Hooi Lean (2015) Does electricity drive the development of manufacturing sector in Malaysia? Frontiers in Energy Research, 3 (8). ISSN 2296-598X https://www.frontiersin.org/articles/10.3389/fenrg.2015.00018/full doi: 10.3389/fenrg.2015.00018
spellingShingle H Social Sciences (General)
Dzul Hadzwan, Husaini
Hooi, Hooi Lean
Does electricity drive the development of manufacturing sector in Malaysia?
title Does electricity drive the development of manufacturing sector in Malaysia?
title_full Does electricity drive the development of manufacturing sector in Malaysia?
title_fullStr Does electricity drive the development of manufacturing sector in Malaysia?
title_full_unstemmed Does electricity drive the development of manufacturing sector in Malaysia?
title_short Does electricity drive the development of manufacturing sector in Malaysia?
title_sort does electricity drive the development of manufacturing sector in malaysia?
topic H Social Sciences (General)
url http://ir.unimas.my/id/eprint/12884/
http://ir.unimas.my/id/eprint/12884/
http://ir.unimas.my/id/eprint/12884/
http://ir.unimas.my/id/eprint/12884/1/Does%20electricity%20drive%20the%20development%20of%20manufacturing%20sector%20in%20%28abstract%29.pdf