Energy and its impact on economic sectors and the environment

Energy and its impact on economic sectors and the environment

The issue of energy has come to the fore since the proliferation of studies on the effects of its consumption on the environment. A vast array of empirical evidence related to this issue has lent credence to the environmental Kuznets curve (EKC) that economic growth causes greater environmental degr...

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Main Author: Mohd Shahidan, Shaari
Format: Thesis
Language:eng
eng
Published: 2017
Subjects:
HC Economic History and Conditions
Online Access:https://etd.uum.edu.my/7637/1/s94970_01.pdf
https://etd.uum.edu.my/7637/2/s94970_02.pdf
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id my-uum-etd.7637
record_format uketd_dc
institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Abdul Razak, Nor Azam
Hasan Basri, Bakti
topic HC Economic History and Conditions
spellingShingle HC Economic History and Conditions
Mohd Shahidan, Shaari
Energy and its impact on economic sectors and the environment
description The issue of energy has come to the fore since the proliferation of studies on the effects of its consumption on the environment. A vast array of empirical evidence related to this issue has lent credence to the environmental Kuznets curve (EKC) that economic growth causes greater environmental degradation at the early stages but improves the environment at the final stages. Therefore, this study endeavours to investigate the effects of energy (electricity, gas and oil) consumption on sectorial output and CO2 emission in Malaysia from 1990 to 2014. Panel data analysis methods (namely, Fully Modified Ordinary Least Square, Pooled Mean Group and Mean Group) are employed in this study. The results show that, in the long run, aggregate output hinges on energy consumption. In the short run, energy consumption does not contribute to any change in output. It is found that gas consumption can have an influence on output in the industrial and transportation sectors but oil and electricity consumption does not have any impact on all sectorial output in Malaysia. The findings show that the consumption of electricity, gas and oil can have detrimental effects on the environment in the long run. However, in the short run, only oil consumption can be hazardous to the environment. Oil consumption in the agricultural and transportation sectors has a significant effect on CO2 emission. Gas consumption in the transportation sector can also cause pollution albeit a little. Electricity consumption in the transportation sector has a favourable effect on the environment as it can reduce CO2 emission. The results show that increasing aggregate output can inflict pollution only in the long run. Enhancing output in the agricultural, transportation and industrial sectors does not trigger any environmental issue. Therefore, the consumption of non-renewable energy such as oil, gas and electricity should be reduced in order to conserve the environment.
format Thesis
qualification_name other
qualification_level Doctorate
author Mohd Shahidan, Shaari
author_facet Mohd Shahidan, Shaari
author_sort Mohd Shahidan, Shaari
title Energy and its impact on economic sectors and the environment
title_short Energy and its impact on economic sectors and the environment
title_full Energy and its impact on economic sectors and the environment
title_fullStr Energy and its impact on economic sectors and the environment
title_full_unstemmed Energy and its impact on economic sectors and the environment
title_sort energy and its impact on economic sectors and the environment
granting_institution Universiti Utara Malaysia
granting_department Othman Yeop Abdullah Graduate School of Business
publishDate 2017
url https://etd.uum.edu.my/7637/1/s94970_01.pdf
https://etd.uum.edu.my/7637/2/s94970_02.pdf
_version_ 1747828246571909120
spelling my-uum-etd.76372021-05-10T06:45:37Z Energy and its impact on economic sectors and the environment 2017 Mohd Shahidan, Shaari Abdul Razak, Nor Azam Hasan Basri, Bakti Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HC Economic History and Conditions The issue of energy has come to the fore since the proliferation of studies on the effects of its consumption on the environment. A vast array of empirical evidence related to this issue has lent credence to the environmental Kuznets curve (EKC) that economic growth causes greater environmental degradation at the early stages but improves the environment at the final stages. Therefore, this study endeavours to investigate the effects of energy (electricity, gas and oil) consumption on sectorial output and CO2 emission in Malaysia from 1990 to 2014. Panel data analysis methods (namely, Fully Modified Ordinary Least Square, Pooled Mean Group and Mean Group) are employed in this study. The results show that, in the long run, aggregate output hinges on energy consumption. In the short run, energy consumption does not contribute to any change in output. It is found that gas consumption can have an influence on output in the industrial and transportation sectors but oil and electricity consumption does not have any impact on all sectorial output in Malaysia. The findings show that the consumption of electricity, gas and oil can have detrimental effects on the environment in the long run. However, in the short run, only oil consumption can be hazardous to the environment. Oil consumption in the agricultural and transportation sectors has a significant effect on CO2 emission. Gas consumption in the transportation sector can also cause pollution albeit a little. Electricity consumption in the transportation sector has a favourable effect on the environment as it can reduce CO2 emission. The results show that increasing aggregate output can inflict pollution only in the long run. Enhancing output in the agricultural, transportation and industrial sectors does not trigger any environmental issue. Therefore, the consumption of non-renewable energy such as oil, gas and electricity should be reduced in order to conserve the environment. 2017 Thesis https://etd.uum.edu.my/7637/ https://etd.uum.edu.my/7637/1/s94970_01.pdf text eng public https://etd.uum.edu.my/7637/2/s94970_02.pdf text eng public http://sierra.uum.edu.my/record=b1698902~S1 other doctoral Universiti Utara Malaysia Abdul, R. M. & Lee, K. T. (2004). Energy Policy for Sustainable Development in Malaysia. The Joint International Conference on Sustainable Energy and Environment (SEE), Hua Hin, Thailand, 1-3 December. Adhikari, D. & Chen, Y. (2012). Energy Consumption and Economic Growth: A Panel Cointegration Analysis for Developing Countries. Review of Economics and Finance, vol. 34, 68-80. Adom, P. K. (2011). 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