Electricity consumption and economic growth in D8 countries: Bootstrap panel causality
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Dosyalar
Tarih
2021
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Statistical Economic and Social Research and
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This study aims to test whether there is any relationship between the electricity consumption and gross domestic product of D8 countries (Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey) and in the period of 1971 and 2014. The relationships between variables are examined through the Bootstrap Panel Causality test. The most important reason for choosing this test is that it reveals individual causality relationships for each country and that there is no need for unit root and/or cointegration testing prior to it. According to the Bootstrap Panel Causality test results, there is a positive and unidirectional causality relationship from electricity consumption to economic growth (the growth hypothesis) in Iran and from economic growth to electricity consumption in Indonesia and Nigeria (the conservation hypothesis). For Egypt and Malaysia, a positive and bidirectional causality relationship (the feedback hypothesis) is determined between the variables, while no causality (the neutrality hypothesis) relationship is found between the variables in Bangladesh, Pakistan, and Turkey. © 2021, Statistical Economic and Social Research and. All rights reserved.
Açıklama
Anahtar Kelimeler
Bootstrap Panel Causality, D8 Countries, Economic Growth, Electricity Consumption
Kaynak
Journal of Economic Cooperation and Development
WoS Q Değeri
Scopus Q Değeri
Q2
Cilt
42
Sayı
2
