Energy Consumption - Growth Nexus : A Case Study of Malaysia

In the present world, the economic development of a country has a significant influence on energy consumption. The scarcity and exhaustible natural resources are depleting at an alarming rate causing more studies to focus on finding the factors affecting the energy consumption in order to conserve t...

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Main Author: Chai, Wan Lin
Format: Thesis
Language:English
Published: 2020
Subjects:
Online Access:http://ir.unimas.my/id/eprint/30021/5/Chai%20Wan%20Lin%20ft.pdf
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tesis 1
id my-unimas-ir.30021
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spelling my-unimas-ir.300212024-08-20T04:23:59Z Energy Consumption - Growth Nexus : A Case Study of Malaysia 2020-06-04 Chai, Wan Lin H Social Sciences (General) HB Economic Theory In the present world, the economic development of a country has a significant influence on energy consumption. The scarcity and exhaustible natural resources are depleting at an alarming rate causing more studies to focus on finding the factors affecting the energy consumption in order to conserve the natural resources. The study examines the nexus between economic growth, energy subsidies, international oil price and energy consumption in Malaysia. The study used time series data from 1987 to 2017 and utilizing the energy demand model. All of the models are estimated using the autoregressive distributed lag (ARDL) approach. The results showed the existence of long-run cointegration in between the energy consumption and the explanatory variables. Besides, the long-run coefficients of the independent variables for all the models exhibit the same expected sign where economic growth and energy subsidies are positively correlated. In contrast, the international oil price is negatively correlated. The findings suggested all the factors; economic growth, energy subsidies and international oil price, are significant in influencing the changes of energy consumption in the long-run except for energy subsidies is found to be not significant in the industrial sector model. The study conveys practical policy recommendations for the government that energy conservation would not harm the economic growth in Malaysia. Universiti Malaysia Sarawak, (UNIMAS) 2020-06 Thesis http://ir.unimas.my/id/eprint/30021/ http://ir.unimas.my/id/eprint/30021/5/Chai%20Wan%20Lin%20ft.pdf text en validuser masters Universiti Malaysia Sarawak (UNIMAS) Faculty of Economics and Business
institution Universiti Malaysia Sarawak
collection UNIMAS Institutional Repository
language English
topic H Social Sciences (General)
HB Economic Theory
spellingShingle H Social Sciences (General)
HB Economic Theory
Chai, Wan Lin
Energy Consumption - Growth Nexus : A Case Study of Malaysia
description In the present world, the economic development of a country has a significant influence on energy consumption. The scarcity and exhaustible natural resources are depleting at an alarming rate causing more studies to focus on finding the factors affecting the energy consumption in order to conserve the natural resources. The study examines the nexus between economic growth, energy subsidies, international oil price and energy consumption in Malaysia. The study used time series data from 1987 to 2017 and utilizing the energy demand model. All of the models are estimated using the autoregressive distributed lag (ARDL) approach. The results showed the existence of long-run cointegration in between the energy consumption and the explanatory variables. Besides, the long-run coefficients of the independent variables for all the models exhibit the same expected sign where economic growth and energy subsidies are positively correlated. In contrast, the international oil price is negatively correlated. The findings suggested all the factors; economic growth, energy subsidies and international oil price, are significant in influencing the changes of energy consumption in the long-run except for energy subsidies is found to be not significant in the industrial sector model. The study conveys practical policy recommendations for the government that energy conservation would not harm the economic growth in Malaysia.
format Thesis
qualification_level Master's degree
author Chai, Wan Lin
author_facet Chai, Wan Lin
author_sort Chai, Wan Lin
title Energy Consumption - Growth Nexus : A Case Study of Malaysia
title_short Energy Consumption - Growth Nexus : A Case Study of Malaysia
title_full Energy Consumption - Growth Nexus : A Case Study of Malaysia
title_fullStr Energy Consumption - Growth Nexus : A Case Study of Malaysia
title_full_unstemmed Energy Consumption - Growth Nexus : A Case Study of Malaysia
title_sort energy consumption - growth nexus : a case study of malaysia
granting_institution Universiti Malaysia Sarawak (UNIMAS)
granting_department Faculty of Economics and Business
publishDate 2020
url http://ir.unimas.my/id/eprint/30021/5/Chai%20Wan%20Lin%20ft.pdf
_version_ 1811771548766306304