Energy Growth Causality: A Panel Analysis
Understanding the impact of energy consumption on economic growth is an important consideration in the formulation of both energy and environmental policies. Motivated by this development, this paper empirically re-examines the direction of causality and the sign (in the panel sense) between energy...
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| Format: | Article |
| Language: | English |
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International Conference On Applied Economics (ICOAE)
2011
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| Online Access: | http://ir.unimas.my/id/eprint/7280/ http://ir.unimas.my/id/eprint/7280/1/ENERGY-GROWTH%20CAUSALITY%20A%20PANEL%20ANALYSIS.pdf |
| _version_ | 1848836094952472576 |
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| author | Evan, Lau Xiao-Hui, Chye Chee-Keong, Choong |
| author_facet | Evan, Lau Xiao-Hui, Chye Chee-Keong, Choong |
| author_sort | Evan, Lau |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | Understanding the impact of energy consumption on economic growth is an important consideration in the formulation of both energy and environmental policies. Motivated by this development, this paper empirically re-examines the direction of causality and the sign (in the panel sense) between energy consumption (EC) and the gross-domestic product (GDP) for seventeen selected Asian countries. Results reveal long-run stable equilibriums in these countries, while the EC brings about a positive impact on GDP. Causality runs from EC to GDP in the short-run, while the long-run causal linkage exists from GDP to EC. This indicates that energy is a force for economic growth in the short-run, but in the long-run, the EC is fundamentally driven by economic growth. Efficient coordination and cooperation towards the implementation of energy conservation policies to support sustainable economic development should be in the regional agenda. |
| first_indexed | 2025-11-15T06:18:18Z |
| format | Article |
| id | unimas-7280 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T06:18:18Z |
| publishDate | 2011 |
| publisher | International Conference On Applied Economics (ICOAE) |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-72802016-12-28T02:09:52Z http://ir.unimas.my/id/eprint/7280/ Energy Growth Causality: A Panel Analysis Evan, Lau Xiao-Hui, Chye Chee-Keong, Choong HC Economic History and Conditions Understanding the impact of energy consumption on economic growth is an important consideration in the formulation of both energy and environmental policies. Motivated by this development, this paper empirically re-examines the direction of causality and the sign (in the panel sense) between energy consumption (EC) and the gross-domestic product (GDP) for seventeen selected Asian countries. Results reveal long-run stable equilibriums in these countries, while the EC brings about a positive impact on GDP. Causality runs from EC to GDP in the short-run, while the long-run causal linkage exists from GDP to EC. This indicates that energy is a force for economic growth in the short-run, but in the long-run, the EC is fundamentally driven by economic growth. Efficient coordination and cooperation towards the implementation of energy conservation policies to support sustainable economic development should be in the regional agenda. International Conference On Applied Economics (ICOAE) 2011 Article PeerReviewed text en http://ir.unimas.my/id/eprint/7280/1/ENERGY-GROWTH%20CAUSALITY%20A%20PANEL%20ANALYSIS.pdf Evan, Lau and Xiao-Hui, Chye and Chee-Keong, Choong (2011) Energy Growth Causality: A Panel Analysis. International Conference On Applied Economics (ICOAE). pp. 355-361. ISSN 1791-9347 http://kastoria.teikoz.gr/icoae2/wordpress/wp-content/uploads/2011/10/038.pdf |
| spellingShingle | HC Economic History and Conditions Evan, Lau Xiao-Hui, Chye Chee-Keong, Choong Energy Growth Causality: A Panel Analysis |
| title | Energy Growth Causality: A Panel Analysis |
| title_full | Energy Growth Causality: A Panel Analysis |
| title_fullStr | Energy Growth Causality: A Panel Analysis |
| title_full_unstemmed | Energy Growth Causality: A Panel Analysis |
| title_short | Energy Growth Causality: A Panel Analysis |
| title_sort | energy growth causality: a panel analysis |
| topic | HC Economic History and Conditions |
| url | http://ir.unimas.my/id/eprint/7280/ http://ir.unimas.my/id/eprint/7280/ http://ir.unimas.my/id/eprint/7280/1/ENERGY-GROWTH%20CAUSALITY%20A%20PANEL%20ANALYSIS.pdf |