Electricity consumption–growth nexus: The case of Malaysia
The goal of this paper is to model the relationship between electricity consumption and real gross domestic product (GDP) for Malaysia in a bivariate and multivariate framework. We use time series data for the period 1971–2003 and apply the bounds testing approach to search for a long-run relationsh...
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| Veröffentlicht in: | Energy policy 2010, Vol.38 (1), p.606-612 |
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| creator | Chandran, V.G.R. Sharma, Susan Madhavan, Karunagaran |
| description | The goal of this paper is to model the relationship between electricity consumption and real gross domestic product (GDP) for Malaysia in a bivariate and multivariate framework. We use time series data for the period 1971–2003 and apply the bounds testing approach to search for a long-run relationship. Our results reveal that electricity consumption, real GDP and price share a long-run relationship. The results of the autoregressive distributed lag (ARDL) estimates of long-run elasticity of electricity consumption on GDP are found to be around 0.7 and statistically significant. Finally, in the short-run, the results of the causality test show that there is a unidirectional causal flow from electricity consumption to economic growth in Malaysia. From these findings we conclude that Malaysia is an energy-dependent country, leading us to draw some policy implications. This paper adds support and validity, thus reducing the policy makers concern on the ambiguity of the electricity and growth nexus in Malaysia. |
| doi_str_mv | 10.1016/j.enpol.2009.10.013 |
| format | Article |
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We use time series data for the period 1971–2003 and apply the bounds testing approach to search for a long-run relationship. Our results reveal that electricity consumption, real GDP and price share a long-run relationship. The results of the autoregressive distributed lag (ARDL) estimates of long-run elasticity of electricity consumption on GDP are found to be around 0.7 and statistically significant. Finally, in the short-run, the results of the causality test show that there is a unidirectional causal flow from electricity consumption to economic growth in Malaysia. From these findings we conclude that Malaysia is an energy-dependent country, leading us to draw some policy implications. This paper adds support and validity, thus reducing the policy makers concern on the ambiguity of the electricity and growth nexus in Malaysia.</description><identifier>ISSN: 0301-4215</identifier><identifier>EISSN: 1873-6777</identifier><identifier>DOI: 10.1016/j.enpol.2009.10.013</identifier><identifier>CODEN: ENPYAC</identifier><language>eng</language><publisher>Kidlington: Elsevier Ltd</publisher><subject>Applied sciences ; Causality ; Cointegration ; Correlation analysis ; Economic data ; Economic development ; Economic growth ; Economic models ; Electric energy ; Electric power ; Electricity ; Electricity consumption ; Electricity consumption Economic growth Cointegration ; Energy ; Energy consumption ; Energy economics ; Energy policy ; Exact sciences and technology ; GDP ; General, economic and professional studies ; Gross Domestic Product ; Malaysia ; Methodology. 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We use time series data for the period 1971–2003 and apply the bounds testing approach to search for a long-run relationship. Our results reveal that electricity consumption, real GDP and price share a long-run relationship. The results of the autoregressive distributed lag (ARDL) estimates of long-run elasticity of electricity consumption on GDP are found to be around 0.7 and statistically significant. Finally, in the short-run, the results of the causality test show that there is a unidirectional causal flow from electricity consumption to economic growth in Malaysia. From these findings we conclude that Malaysia is an energy-dependent country, leading us to draw some policy implications. This paper adds support and validity, thus reducing the policy makers concern on the ambiguity of the electricity and growth nexus in Malaysia.</description><subject>Applied sciences</subject><subject>Causality</subject><subject>Cointegration</subject><subject>Correlation analysis</subject><subject>Economic data</subject><subject>Economic development</subject><subject>Economic growth</subject><subject>Economic models</subject><subject>Electric energy</subject><subject>Electric power</subject><subject>Electricity</subject><subject>Electricity consumption</subject><subject>Electricity consumption Economic growth Cointegration</subject><subject>Energy</subject><subject>Energy consumption</subject><subject>Energy economics</subject><subject>Energy policy</subject><subject>Exact sciences and technology</subject><subject>GDP</subject><subject>General, economic and professional studies</subject><subject>Gross Domestic Product</subject><subject>Malaysia</subject><subject>Methodology. Modelling</subject><subject>Prices</subject><subject>Studies</subject><subject>Time series</subject><issn>0301-4215</issn><issn>1873-6777</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2010</creationdate><recordtype>article</recordtype><sourceid>X2L</sourceid><sourceid>7TQ</sourceid><recordid>eNqFkk2OEzEQhVsIJELgBGxaSLDrUHb5LwgWaDT8aRCb7C23p5o46rQbu3sgO-7ADTkJDhnNggWxVLZU-t5zyc9V9ZTBigFTL3crGsbYrzjAunRWwPBetWBGY6O01verBSCwRnAmH1aPct4BgDBrsaheX_bkpxR8mA61j0Oe9-MU4vD756-vKX6ftvVAP-b8qt5sqfYuUx27-rPr3SEH97h60Lk-05Pbc1lt3l1uLj40V1_ef7x4e9V4aXBqFDiHLZE2HoBp5zy2rDOyZa1UouMaWuV5h5qoQ98JY5xAVIK3cu2Ex2X14mQ7pvhtpjzZfcie-t4NFOdspTGIRXEWRM2RSSnPg5IzreC8I2dMClEuX1bP_gF3cU5DeRXLQaJQCqBAeIJ8ijkn6uyYwt6lg2Vgj0Hanf0bpD0GeWyWIIvq00mVaCR_J6GyBjrCNxYdmrIdSnEoMnShFCs1llKgrGLcbqd9MXt-O6fL3vVdcoMP-c6Uc45izVXh3pw4KrneBEo2-0CDp-uQyoex1zH8d-g_3ATM-A</recordid><startdate>2010</startdate><enddate>2010</enddate><creator>Chandran, V.G.R.</creator><creator>Sharma, Susan</creator><creator>Madhavan, Karunagaran</creator><general>Elsevier Ltd</general><general>Elsevier</general><general>Elsevier Science Ltd</general><scope>IQODW</scope><scope>DKI</scope><scope>X2L</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>7SP</scope><scope>7TA</scope><scope>7TB</scope><scope>7TQ</scope><scope>8BJ</scope><scope>8FD</scope><scope>DHY</scope><scope>DON</scope><scope>F28</scope><scope>FQK</scope><scope>FR3</scope><scope>H8D</scope><scope>JBE</scope><scope>JG9</scope><scope>KR7</scope><scope>L7M</scope><scope>7ST</scope><scope>C1K</scope><scope>SOI</scope></search><sort><creationdate>2010</creationdate><title>Electricity consumption–growth nexus: The case of Malaysia</title><author>Chandran, V.G.R. ; Sharma, Susan ; Madhavan, Karunagaran</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c583t-60aa3bee78c0017aac3b1f85b1b564f270b6c2f37eef3cf488a433642b59a4c3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2010</creationdate><topic>Applied sciences</topic><topic>Causality</topic><topic>Cointegration</topic><topic>Correlation analysis</topic><topic>Economic data</topic><topic>Economic development</topic><topic>Economic growth</topic><topic>Economic models</topic><topic>Electric energy</topic><topic>Electric power</topic><topic>Electricity</topic><topic>Electricity consumption</topic><topic>Electricity consumption Economic growth Cointegration</topic><topic>Energy</topic><topic>Energy consumption</topic><topic>Energy economics</topic><topic>Energy policy</topic><topic>Exact sciences and technology</topic><topic>GDP</topic><topic>General, economic and professional studies</topic><topic>Gross Domestic Product</topic><topic>Malaysia</topic><topic>Methodology. Modelling</topic><topic>Prices</topic><topic>Studies</topic><topic>Time series</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Chandran, V.G.R.</creatorcontrib><creatorcontrib>Sharma, Susan</creatorcontrib><creatorcontrib>Madhavan, Karunagaran</creatorcontrib><collection>Pascal-Francis</collection><collection>RePEc IDEAS</collection><collection>RePEc</collection><collection>CrossRef</collection><collection>Electronics & Communications Abstracts</collection><collection>Materials Business File</collection><collection>Mechanical & Transportation Engineering Abstracts</collection><collection>PAIS Index</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>Technology Research Database</collection><collection>PAIS International</collection><collection>PAIS International (Ovid)</collection><collection>ANTE: Abstracts in New Technology & Engineering</collection><collection>International Bibliography of the Social Sciences</collection><collection>Engineering Research Database</collection><collection>Aerospace Database</collection><collection>International Bibliography of the Social Sciences</collection><collection>Materials Research Database</collection><collection>Civil Engineering Abstracts</collection><collection>Advanced Technologies Database with Aerospace</collection><collection>Environment Abstracts</collection><collection>Environmental Sciences and Pollution Management</collection><collection>Environment Abstracts</collection><jtitle>Energy policy</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Chandran, V.G.R.</au><au>Sharma, Susan</au><au>Madhavan, Karunagaran</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Electricity consumption–growth nexus: The case of Malaysia</atitle><jtitle>Energy policy</jtitle><date>2010</date><risdate>2010</risdate><volume>38</volume><issue>1</issue><spage>606</spage><epage>612</epage><pages>606-612</pages><issn>0301-4215</issn><eissn>1873-6777</eissn><coden>ENPYAC</coden><abstract>The goal of this paper is to model the relationship between electricity consumption and real gross domestic product (GDP) for Malaysia in a bivariate and multivariate framework. 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| subjects | Applied sciences Causality Cointegration Correlation analysis Economic data Economic development Economic growth Economic models Electric energy Electric power Electricity Electricity consumption Electricity consumption Economic growth Cointegration Energy Energy consumption Energy economics Energy policy Exact sciences and technology GDP General, economic and professional studies Gross Domestic Product Malaysia Methodology. Modelling Prices Studies Time series |
| title | Electricity consumption–growth nexus: The case of Malaysia |
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