Electricity consumption and economic growth in ASEAN countries / Ahmad Ghazali Ismail

The relationship and causality direction between electricity consumption and economic growth is an important issue in the fields of energy economics and policies towards energy use. Extensive literatures has discussed the issue, but the array of findings provide anything but consensus on either the...

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Main Author:	Ismail, Ahmad Ghazali
Format:	Thesis
Language:	English
Published:	2016
Subjects:	Consumption Demand (Economic theory) ASEAN
Online Access:	https://ir.uitm.edu.my/id/eprint/18933/2/18933.PDF
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id	my-uitm-ir.18933
record_format	uketd_dc
spelling	my-uitm-ir.189332024-02-13T07:29:06Z Electricity consumption and economic growth in ASEAN countries / Ahmad Ghazali Ismail 2016 Ismail, Ahmad Ghazali Consumption. Demand (Economic theory) ASEAN The relationship and causality direction between electricity consumption and economic growth is an important issue in the fields of energy economics and policies towards energy use. Extensive literatures has discussed the issue, but the array of findings provide anything but consensus on either the existence of relations or direction of causality between the variables. This study extends research in this area by studying the long-run and causal relations between economic growth, electricity consumption, labor and capital based on the neo-classical one sector aggregate production technology model. The study uses electricity consumption and real GDP measures the economic growth of these countries. These relations are analyzed for ASEAN countries as a whole and also for a group of six ASEAN developing countries. The analysis is conducted using advanced panel estimation approaches. The Westerlund co-integration test and panel Auto Regressive Distribution Lags (ARDL) estimation technique found no long run cointegration in both groups. Results from the panel Granger Causality method found no causality in the short run between energy consumption and economic growth in all ASEAN countries' groups. However, in the long-run, the results indicate that there are bidirectional relationship in group of all ASEAN countries. This study provides supplementary evidences of relationship between electricity consumption and economic growth in ASEAN countries. 2016 Thesis https://ir.uitm.edu.my/id/eprint/18933/ https://ir.uitm.edu.my/id/eprint/18933/2/18933.PDF text en public mphil masters Universiti Teknologi MARA (UiTM) Faculty of Business and Management
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
topic	Consumption Demand (Economic theory) ASEAN
spellingShingle	Consumption Demand (Economic theory) ASEAN Ismail, Ahmad Ghazali Electricity consumption and economic growth in ASEAN countries / Ahmad Ghazali Ismail
description	The relationship and causality direction between electricity consumption and economic growth is an important issue in the fields of energy economics and policies towards energy use. Extensive literatures has discussed the issue, but the array of findings provide anything but consensus on either the existence of relations or direction of causality between the variables. This study extends research in this area by studying the long-run and causal relations between economic growth, electricity consumption, labor and capital based on the neo-classical one sector aggregate production technology model. The study uses electricity consumption and real GDP measures the economic growth of these countries. These relations are analyzed for ASEAN countries as a whole and also for a group of six ASEAN developing countries. The analysis is conducted using advanced panel estimation approaches. The Westerlund co-integration test and panel Auto Regressive Distribution Lags (ARDL) estimation technique found no long run cointegration in both groups. Results from the panel Granger Causality method found no causality in the short run between energy consumption and economic growth in all ASEAN countries' groups. However, in the long-run, the results indicate that there are bidirectional relationship in group of all ASEAN countries. This study provides supplementary evidences of relationship between electricity consumption and economic growth in ASEAN countries.
format	Thesis
qualification_name	Master of Philosophy (M.Phil.)
qualification_level	Master's degree
author	Ismail, Ahmad Ghazali
author_facet	Ismail, Ahmad Ghazali
author_sort	Ismail, Ahmad Ghazali
title	Electricity consumption and economic growth in ASEAN countries / Ahmad Ghazali Ismail
title_short	Electricity consumption and economic growth in ASEAN countries / Ahmad Ghazali Ismail
title_full	Electricity consumption and economic growth in ASEAN countries / Ahmad Ghazali Ismail
title_fullStr	Electricity consumption and economic growth in ASEAN countries / Ahmad Ghazali Ismail
title_full_unstemmed	Electricity consumption and economic growth in ASEAN countries / Ahmad Ghazali Ismail
title_sort	electricity consumption and economic growth in asean countries / ahmad ghazali ismail
granting_institution	Universiti Teknologi MARA (UiTM)
granting_department	Faculty of Business and Management
publishDate	2016
url	https://ir.uitm.edu.my/id/eprint/18933/2/18933.PDF
_version_	1794191801948569600

Electricity consumption and economic growth in ASEAN countries / Ahmad Ghazali Ismail

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