Some searches may not work properly. We apologize for the inconvenience.
My bibliography Save this paperFinancial Development, Economic Growth, and Electricity Demand: A Sector Analysis of an Emerging Economy
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Muhammad Shahbaz & Ilhan Ozturk & Amjad Ali, 2015.
"Electricity Consumption and Economic Growth Causality Revisited: Evidence from Turkey,"
Bulletin of Energy Economics (BEE), The Economics and Social Development Organization (TESDO), vol. 3(4), pages 176-193, December.
- Muhammad, Shahbaz & Ilhan, Ozturk, 2012. "Electricity consumption and economic growth causality revisited: evidence from Turkey," MPRA Paper 37637, University Library of Munich, Germany, revised 20 Mar 2012.
- Shahbaz, Muhammad, 2015. "Measuring Economic Cost of Electricity Shortage: Current Challenges and Future Prospects in Pakistan," MPRA Paper 67164, University Library of Munich, Germany, revised 12 Oct 2015.
- Gurgul, Henryk & Lach, Łukasz, 2012.
"The electricity consumption versus economic growth of the Polish economy,"
Energy Economics, Elsevier, vol. 34(2), pages 500-510.
- Gurgul, Henryk & Lach, Lukasz, 2011. "The electricity consumption versus economic growth of the Polish economy," MPRA Paper 35785, University Library of Munich, Germany.
- Gurgul, Henryk & Lach, Łukasz, 2012. "The electricity consumption versus economic growth of the Polish economy," MPRA Paper 52233, University Library of Munich, Germany.
- Shahbaz, Muhammad & Khan, Saleheen & Tahir, Mohammad Iqbal, 2013.
"The dynamic links between energy consumption, economic growth, financial development and trade in China: Fresh evidence from multivariate framework analysis,"
Energy Economics, Elsevier, vol. 40(C), pages 8-21.
- Muhammad, Shahbaz & Saleheen, Khan & Mohammad, Iqbal Tahir, 2012. "The Dynamic Link between Energy Consumption, Economic Growth, Financial Development and Trade in China: Fresh Evidence from Multivariate Framework Analysis," MPRA Paper 42974, University Library of Munich, Germany, revised 26 Nov 2012.
- Apergis, Nicholas & Tang, Chor Foon, 2013. "Is the energy-led growth hypothesis valid? New evidence from a sample of 85 countries," Energy Economics, Elsevier, vol. 38(C), pages 24-31.
- Shahbaz, Muhammad & Lean, Hooi Hooi, 2012.
"Does financial development increase energy consumption? The role of industrialization and urbanization in Tunisia,"
Energy Policy, Elsevier, vol. 40(C), pages 473-479.
- Muhammad, Shahbaz & Lean, Hooi Hooi, 2011. "Does Financial Development Increase Energy Consumption? Role of Industrialization and Urbanization in Tunisia," MPRA Paper 33194, University Library of Munich, Germany, revised 06 Sep 2011.
- Bülent Altay & Mert Topcu, 2015. "Relationship between Financial Development and Energy Consumption: The Case of Turkey," Bulletin of Energy Economics (BEE), The Economics and Social Development Organization (TESDO), vol. 3(1), pages 18-24, March.
- Shahbaz, Muhammad & Lean, Hooi Hooi, 2012.
"The dynamics of electricity consumption and economic growth: A revisit study of their causality in Pakistan,"
Energy, Elsevier, vol. 39(1), pages 146-153.
- Muhammad, Shahbaz & Lean, Hooi Hooi, 2011. "The Dynamics of Electricity Consumption and Economic Growth:A Revisit Study of Their Causality in Pakistan," MPRA Paper 33196, University Library of Munich, Germany, revised 06 Sep 2011.
- Jamil, Faisal & Ahmad, Eatzaz, 2010. "The relationship between electricity consumption, electricity prices and GDP in Pakistan," Energy Policy, Elsevier, vol. 38(10), pages 6016-6025, October.
- Shahbaz, Muhammad & Lean, Hooi Hooi & Farooq, Abdul, 2013.
"Natural gas consumption and economic growth in Pakistan,"
Renewable and Sustainable Energy Reviews, Elsevier, vol. 18(C), pages 87-94.
- Muhammad, Shahbaz & Lean, Hooi Hooi & Abdul, Farooq, 2012. "Natural Gas Consumption and Economic Growth in Pakistan," MPRA Paper 40959, University Library of Munich, Germany, revised 30 Aug 2012.
- Johansen, Soren & Juselius, Katarina, 1990. "Maximum Likelihood Estimation and Inference on Cointegration--With Applications to the Demand for Money," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(2), pages 169-210, May.
- Khalid Mushtaq & Faisal Abbas & Abedullah & Abdul Ghafoor, 2007. "Energy Use for Economic Growth: Cointegration and Causality Analysis from the Agriculture Sector of Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 46(4), pages 1065-1073.
- Abbas, Faisal & Choudhury, Nirmalya, 2013. "Electricity consumption-economic growth Nexus: An aggregated and disaggregated causality analysis in India and Pakistan," Journal of Policy Modeling, Elsevier, vol. 35(4), pages 538-553.
- Dumitrescu, Elena-Ivona & Hurlin, Christophe, 2012.
"Testing for Granger non-causality in heterogeneous panels,"
Economic Modelling, Elsevier, vol. 29(4), pages 1450-1460.
- Christophe Hurlin & Elena Dumitrescu, 2012. "Testing for Granger Non-causality in Heterogeneous Panels," Working Papers halshs-00224434, HAL.
- Elena Ivona Dumitrescu & Christophe Hurlin, 2012. "Testing for Granger Non-causality in Heterogeneous Panels," Post-Print hal-01385899, HAL.
- Tang, Chor Foon & Shahbaz, Muhammad & Arouri, Mohamed, 2013. "Re-investigating the electricity consumption and economic growth nexus in Portugal," Energy Policy, Elsevier, vol. 62(C), pages 1515-1524.
- Zivot, Eric & Andrews, Donald W K, 2002.
"Further Evidence on the Great Crash, the Oil-Price Shock, and the Unit-Root Hypothesis,"
Journal of Business & Economic Statistics, American Statistical Association, vol. 20(1), pages 25-44, January.
- Zivot, Eric & Andrews, Donald W K, 1992. "Further Evidence on the Great Crash, the Oil-Price Shock, and the Unit-Root Hypothesis," Journal of Business & Economic Statistics, American Statistical Association, vol. 10(3), pages 251-270, July.
- Eric Zivot & Donald W.K. Andrews, 1990. "Further Evidence on the Great Crash, the Oil Price Shock, and the Unit Root Hypothesis," Cowles Foundation Discussion Papers 944, Cowles Foundation for Research in Economics, Yale University.
- Tom Doan, "undated". "ZIVOT: RATS procedure to perform Zivot-Andrews Unit Root Test," Statistical Software Components RTS00236, Boston College Department of Economics.
- Islam, Faridul & Shahbaz, Muhammad & Ahmed, Ashraf U. & Alam, Md. Mahmudul, 2013.
"Financial development and energy consumption nexus in Malaysia: A multivariate time series analysis,"
Economic Modelling, Elsevier, vol. 30(C), pages 435-441.
- Islam, Faridul & Shahbaz, Muhammad & Alam, Mahmudul, 2011. "Financial development and energy consumption nexus in Malaysia: A multivariate time series analysis," MPRA Paper 28403, University Library of Munich, Germany.
- Islam, Faridul & Shahbaz, Muhammad & Ahmed, Ashraf U. & Alam, Md. Mahmudul, 2019. "Financial Development and Energy Consumption Nexus in Malaysia: A Multivariate Time Series Analysis," OSF Preprints tdh8k, Center for Open Science.
- Zamani, Mehrzad, 2007. "Energy consumption and economic activities in Iran," Energy Economics, Elsevier, vol. 29(6), pages 1135-1140, November.
- Hondroyiannis, George & Lolos, Sarantis & Papapetrou, Evangelia, 2002. "Energy consumption and economic growth: assessing the evidence from Greece," Energy Economics, Elsevier, vol. 24(4), pages 319-336, July.
- Asafu-Adjaye, John, 2000.
"The relationship between energy consumption, energy prices and economic growth: time series evidence from Asian developing countries,"
Energy Economics, Elsevier, vol. 22(6), pages 615-625, December.
- Asafu-Adjaye, John, 1999. "The relationship between energy consumption, energy prices and economic growth: Time series evidence from Asian developing countries," 1999 Conference (43th), January 20-22, 1999, Christchurch, New Zealand 123754, Australian Agricultural and Resource Economics Society.
- Salahuddin, Mohammad & Gow, Jeff & Ozturk, Ilhan, 2015. "Is the long-run relationship between economic growth, electricity consumption, carbon dioxide emissions and financial development in Gulf Cooperation Council Countries robust?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 317-326.
- Shahbaz, Muhammad & Zeshan, Muhammad & Afza, Talat, 2012.
"Is energy consumption effective to spur economic growth in Pakistan? New evidence from bounds test to level relationships and Granger causality tests,"
Economic Modelling, Elsevier, vol. 29(6), pages 2310-2319.
- Muhammad, Shahbaz & Muhammad, Zeshan & Talat, Afza, 2012. "Is energy consumption effective to spur economic growth in Pakistan? new evidence from bounds test to level relationships and Granger causality tests," MPRA Paper 39734, University Library of Munich, Germany, revised 29 Jun 2012.
- Huang, Bwo-Nung & Hwang, M.J. & Yang, C.W., 2008. "Causal relationship between energy consumption and GDP growth revisited: A dynamic panel data approach," Ecological Economics, Elsevier, vol. 67(1), pages 41-54, August.
- Smyth, Russell & Narayan, Paresh Kumar, 2015. "Applied econometrics and implications for energy economics research," Energy Economics, Elsevier, vol. 50(C), pages 351-358.
- Vladim r Hajko, 2015. "Energy-Gross Domestic Product Nexus: Disaggregated Analysis for the Czech Republic in the Post-Transformation Era," International Journal of Energy Economics and Policy, Econjournals, vol. 5(3), pages 869-888.
- Hrushikesh Mallick & Mantu Kumar Mahalik, 2014. "Energy Consumption, Economic Growth and Financial Development: A Comparative Perspective on India and China," Bulletin of Energy Economics (BEE), The Economics and Social Development Organization (TESDO), vol. 2(3), pages 72-84, September.
- M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
- Mohammad Mafizur Rahman & Muhammad Shahbaz, 2013.
"Do Imports and Foreign Capital Inflows Lead Economic Growth? Cointegration and Causality Analysis in Pakistan,"
South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 14(1), pages 59-81, March.
- Rahman, Mohammad Mafizur & Shahbaz, Muhammad, 2011. "Do Imports and Foreign Capital Inflows Lead Economic Growth? Cointegration and Causality Analysis in Pakistan," MPRA Paper 29805, University Library of Munich, Germany, revised 24 Mar 2011.
- Thai-Ha Le, 2016. "Dynamics between energy, output, openness and financial development in sub-Saharan African countries," Applied Economics, Taylor & Francis Journals, vol. 48(10), pages 914-933, February.
- Pesavento, Elena, 2004.
"Analytical evaluation of the power of tests for the absence of cointegration,"
Journal of Econometrics, Elsevier, vol. 122(2), pages 349-384, October.
- Pesavento, Elena, 2000. "Analytical Evaluation of the Power of Tests for the Absence of Cointegration," University of California at San Diego, Economics Working Paper Series qt4cq4773c, Department of Economics, UC San Diego.
- Odhiambo, Nicholas M., 2009. "Electricity consumption and economic growth in South Africa: A trivariate causality test," Energy Economics, Elsevier, vol. 31(5), pages 635-640, September.
- Shahbaz, Muhammad & Hye, Qazi Muhammad Adnan & Tiwari, Aviral Kumar & Leitão, Nuno Carlos, 2013.
"Economic growth, energy consumption, financial development, international trade and CO2 emissions in Indonesia,"
Renewable and Sustainable Energy Reviews, Elsevier, vol. 25(C), pages 109-121.
- Muhammad, Shahbaz & Qazi Muhammad, Adnan Hye & Aviral Kumar, Tiwari, 2012. "Economic Growth, Energy Consumption, Financial Development, International Trade and CO2 Emissions in Indonesia," MPRA Paper 43294, University Library of Munich, Germany, revised 15 Dec 2012.
- Muhammad, Shahbaz & Qazi Muhammad Adnan, Hye & Aviral Kumar, Tiwari, 2013. "Economic Growth, Energy Consumption, Financial Development, International Trade and CO2 Emissions, in Indonesia," MPRA Paper 43272, University Library of Munich, Germany, revised 10 Dec 2012.
- Rahman, Md Saifur & Junsheng, Ha & Shahari, Farihana & Aslam, Mohamed & Masud, Muhammad Mehedi & Banna, Hasanul & Liya, Ma, 2015. "Long-run relationship between sectoral productivity and energy consumption in Malaysia: An aggregated and disaggregated viewpoint," Energy, Elsevier, vol. 86(C), pages 436-445.
- Aslan, Alper & Apergis, Nicholas & Topcu, Mert, 2014. "Banking development and energy consumption: Evidence from a panel of Middle Eastern countries," Energy, Elsevier, vol. 72(C), pages 427-433.
- Mensi, Walid & Hammoudeh, Shawkat & Yoon, Seong-Min, 2014. "How do OPEC news and structural breaks impact returns and volatility in crude oil markets? Further evidence from a long memory process," Energy Economics, Elsevier, vol. 42(C), pages 343-354.
- Apergis, Nicholas & Payne, James E., 2014.
"Renewable energy, output, CO2 emissions, and fossil fuel prices in Central America: Evidence from a nonlinear panel smooth transition vector error correction model,"
Energy Economics, Elsevier, vol. 42(C), pages 226-232.
- B. T. Ewing & M. J. Piette & J. E. Payne, 2004. "Correction," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 71(3), pages 557-557, September.
- Mohammad Shahbaz, 2009. "A Reassessment of Finance-Growth Nexus for Pakistan: Under the Investigation of FMOLS and DOLS Techniques," The IUP Journal of Applied Economics, IUP Publications, vol. 0(1), pages 65-80, January.
- Engle, Robert & Granger, Clive, 2015.
"Co-integration and error correction: Representation, estimation, and testing,"
Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 39(3), pages 106-135.
- Engle, Robert F & Granger, Clive W J, 1987. "Co-integration and Error Correction: Representation, Estimation, and Testing," Econometrica, Econometric Society, vol. 55(2), pages 251-276, March.
- Omri, Anis, 2014.
"An international literature survey on energy-economic growth nexus: Evidence from country-specific studies,"
Renewable and Sustainable Energy Reviews, Elsevier, vol. 38(C), pages 951-959.
- Omri, Anis, 2014. "An international literature survey on energy-economic growth nexus: Evidence from country-specific studies," MPRA Paper 82452, University Library of Munich, Germany, revised 30 Jun 2014.
- Ozturk, Ilhan, 2010. "A literature survey on energy-growth nexus," Energy Policy, Elsevier, vol. 38(1), pages 340-349, January.
- Mehmood Mirza, Faisal & Bergland, Olvar & Afzal, Naila, 2014. "Electricity conservation policies and sectorial output in Pakistan: An empirical analysis," Energy Policy, Elsevier, vol. 73(C), pages 757-766.
- Lee, Chien-Chiang & Chang, Chun-Ping, 2007. "The impact of energy consumption on economic growth: Evidence from linear and nonlinear models in Taiwan," Energy, Elsevier, vol. 32(12), pages 2282-2294.
- Sadorsky, Perry, 2010. "The impact of financial development on energy consumption in emerging economies," Energy Policy, Elsevier, vol. 38(5), pages 2528-2535, May.
- Bartleet, Matthew & Gounder, Rukmani, 2010. "Energy consumption and economic growth in New Zealand: Results of trivariate and multivariate models," Energy Policy, Elsevier, vol. 38(7), pages 3508-3517, July.
- Muhammad Shahbaz & Mete Feridun, 2012.
"Electricity consumption and economic growth empirical evidence from Pakistan,"
Quality & Quantity: International Journal of Methodology, Springer, vol. 46(5), pages 1583-1599, August.
- Shahbaz, Muhammad & Feridun, Mete, 2012. "Electricity consumption and economic growth empirical evidence from Pakistan," Greenwich Papers in Political Economy 8517, University of Greenwich, Greenwich Political Economy Research Centre.
- Stern, David I., 1993. "Energy and economic growth in the USA : A multivariate approach," Energy Economics, Elsevier, vol. 15(2), pages 137-150, April.
- Ho, Chun-Yu & Siu, Kam Wing, 2007.
"A dynamic equilibrium of electricity consumption and GDP in Hong Kong: An empirical investigation,"
Energy Policy, Elsevier, vol. 35(4), pages 2507-2513, April.
- Chun-Yu Ho & Kam Wing Siu, 2006. "A Dynamic Equilibrium of Electricity Consumption and GDP in Hong Kong: An Empirical Investigation," Boston University - Department of Economics - Working Papers Series WP2006-049, Boston University - Department of Economics.
- Paresh Kumar Narayan, 2005. "The saving and investment nexus for China: evidence from cointegration tests," Applied Economics, Taylor & Francis Journals, vol. 37(17), pages 1979-1990.
- Feyyaz ZEREN & Mustafa KOC, 2014. "The Nexus between Energy Consumption and Financial Development with Asymmetric Causality Test: New Evidence from Newly Industrialized Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 4(1), pages 83-91.
- Wesseh, Presley K. & Zoumara, Babette, 2012. "Causal independence between energy consumption and economic growth in Liberia: Evidence from a non-parametric bootstrapped causality test," Energy Policy, Elsevier, vol. 50(C), pages 518-527.
- Stern, David I., 2000.
"A multivariate cointegration analysis of the role of energy in the US macroeconomy,"
Energy Economics, Elsevier, vol. 22(2), pages 267-283, April.
- David I. Stern, 1998. "A multivariate cointegration analysis of the role of energy in the U.S. macroeconomy," Working Papers in Ecological Economics 9803, Australian National University, Centre for Resource and Environmental Studies, Ecological Economics Program.
- Shahbaz, Muhammad, 2012.
"Does trade openness affect long run growth? Cointegration, causality and forecast error variance decomposition tests for Pakistan,"
Economic Modelling, Elsevier, vol. 29(6), pages 2325-2339.
- Muhammad, Shahbaz, 2012. "Does Trade Openness Affect Long Run Growth? Cointegration, Causality and Forecast Error Variance Decomposition Tests for Pakistan," MPRA Paper 37391, University Library of Munich, Germany, revised 10 Mar 2012.
- Tang, Chor Foon & Shahbaz, Muhammad, 2013. "Sectoral analysis of the causal relationship between electricity consumption and real output in Pakistan," Energy Policy, Elsevier, vol. 60(C), pages 885-891.
- Granger, C W J, 1969. "Investigating Causal Relations by Econometric Models and Cross-Spectral Methods," Econometrica, Econometric Society, vol. 37(3), pages 424-438, July.
- Mehdi Abid & Rafaa Mraihi, 2015. "Energy Consumption and Industrial Production: Evidence from Tunisia at Both Aggregated and Disaggregated Levels," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 6(4), pages 1123-1137, December.
- Muhammad Zahir Faridi & Ghulam Murtaza, 2013. "Disaggregate Energy Consumption, Agricultural Output and Economic Growth in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 52(4), pages 493-516.
- Abdul Jalil & Mete Feridun, 2011.
"Impact of financial development on economic growth: empirical evidence from Pakistan,"
Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 16(1), pages 71-80.
- Jalil, Abdul & Feridun, Mete, 2011. "Impact of financial development on economic growth: empirical evidence from Pakistan," Greenwich Papers in Political Economy 7924, University of Greenwich, Greenwich Political Economy Research Centre.
- Yue-Jun Zhang & Jing-Li Fan & Hao-Ran Chang, 2010. "Impact of China's stock market development on energy consumption: An empirical analysis," CEEP-BIT Working Papers 10, Center for Energy and Environmental Policy Research (CEEP), Beijing Institute of Technology.
- Ziramba, Emmanuel, 2009. "Disaggregate energy consumption and industrial production in South Africa," Energy Policy, Elsevier, vol. 37(6), pages 2214-2220, June.
- Çoban, Serap & Topcu, Mert, 2013. "The nexus between financial development and energy consumption in the EU: A dynamic panel data analysis," Energy Economics, Elsevier, vol. 39(C), pages 81-88.
- Yuan, Jia-Hai & Kang, Jian-Gang & Zhao, Chang-Hong & Hu, Zhao-Guang, 2008. "Energy consumption and economic growth: Evidence from China at both aggregated and disaggregated levels," Energy Economics, Elsevier, vol. 30(6), pages 3077-3094, November.
- Mantu Kumar Mahalik & Hrushikesh Mallick, 2014. "Energy consumption, economic growth and financial development: exploring the empirical linkages for India," Journal of Developing Areas, Tennessee State University, College of Business, vol. 48(4), pages 139-159, October-D.
- Shiu, Alice & Lam, Pun-Lee, 2004. "Electricity consumption and economic growth in China," Energy Policy, Elsevier, vol. 32(1), pages 47-54, January.
- Ohler, Adrienne & Fetters, Ian, 2014. "The causal relationship between renewable electricity generation and GDP growth: A study of energy sources," Energy Economics, Elsevier, vol. 43(C), pages 125-139.
- Muhammad Shahbaz & Muhammad Shahbaz Shabbir & Muhammad Sabihuddin Butt, 2013. "Effect of financial development on agricultural growth in Pakistan," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 40(8), pages 707-728, June.
- Lee, Chien-Chiang & Chang, Chun-Ping, 2005. "Structural breaks, energy consumption, and economic growth revisited: Evidence from Taiwan," Energy Economics, Elsevier, vol. 27(6), pages 857-872, November.
- Stern, David I. & Common, Michael S., 2001.
"Is There an Environmental Kuznets Curve for Sulfur?,"
Journal of Environmental Economics and Management, Elsevier, vol. 41(2), pages 162-178, March.
- David I. Stern & Tony Auld & Michael S. Common & Kali K. Sanyal, 1998. "Is there an environmental Kuznets curve for sulfur?," Working Papers in Ecological Economics 9804, Australian National University, Centre for Resource and Environmental Studies, Ecological Economics Program.
- Furuoka, Fumitaka, 2015. "Financial development and energy consumption: Evidence from a heterogeneous panel of Asian countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 430-444.
- Peter C. B. Phillips & Bruce E. Hansen, 1990. "Statistical Inference in Instrumental Variables Regression with I(1) Processes," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 57(1), pages 99-125.
- Hu, Jin-Li & Lin, Cheng-Hsun, 2008. "Disaggregated energy consumption and GDP in Taiwan: A threshold co-integration analysis," Energy Economics, Elsevier, vol. 30(5), pages 2342-2358, September.
- Lean, Hooi Hooi & Smyth, Russell, 2014.
"Disaggregated energy demand by fuel type and economic growth in Malaysia,"
Applied Energy, Elsevier, vol. 132(C), pages 168-177.
- Hooi Hooi Lean & Russell Smyth, 2013. "Disaggregated Energy Demand by Fuel Type and Economic Growth in Malaysia," Monash Economics Working Papers 43-13, Monash University, Department of Economics.
- Karanfil, Fatih, 2009. "How many times again will we examine the energy-income nexus using a limited range of traditional econometric tools?," Energy Policy, Elsevier, vol. 37(4), pages 1191-1194, April.
- Cheng-Lang, Yang & Lin, Hung-Pin & Chang, Chih-Heng, 2010. "Linear and nonlinear causality between sectoral electricity consumption and economic growth: Evidence from Taiwan," Energy Policy, Elsevier, vol. 38(11), pages 6570-6573, November.
- Pao, Hsiao-Tien & Fu, Hsin-Chia, 2013. "The causal relationship between energy resources and economic growth in Brazil," Energy Policy, Elsevier, vol. 61(C), pages 793-801.
- Komal, Rabia & Abbas, Faisal, 2015. "Linking financial development, economic growth and energy consumption in Pakistan," Renewable and Sustainable Energy Reviews, Elsevier, vol. 44(C), pages 211-220.
- Love, Inessa & Zicchino, Lea, 2006. "Financial development and dynamic investment behavior: Evidence from panel VAR," The Quarterly Review of Economics and Finance, Elsevier, vol. 46(2), pages 190-210, May.
- Engle, R. F. & Granger, C. W. J. (ed.), 1991. "Long-Run Economic Relationships: Readings in Cointegration," OUP Catalogue, Oxford University Press, number 9780198283393, Decembrie.
- Sadorsky, Perry, 2011. "Financial development and energy consumption in Central and Eastern European frontier economies," Energy Policy, Elsevier, vol. 39(2), pages 999-1006, February.
- Ghosh, Sajal, 2002. "Electricity consumption and economic growth in India," Energy Policy, Elsevier, vol. 30(2), pages 125-129, January.
- Sari, Ramazan & Ewing, Bradley T. & Soytas, Ugur, 2008. "The relationship between disaggregate energy consumption and industrial production in the United States: An ARDL approach," Energy Economics, Elsevier, vol. 30(5), pages 2302-2313, September.
- Ahmed, Mumtaz & Riaz, Khalid & Maqbool Khan, Atif & Bibi, Salma, 2015. "Energy consumption–economic growth nexus for Pakistan: Taming the untamed," Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 890-896.
- Soytas, Ugur & Sari, Ramazan, 2007. "The relationship between energy and production: Evidence from Turkish manufacturing industry," Energy Economics, Elsevier, vol. 29(6), pages 1151-1165, November.
- Mahmud, Fakhre & Chishti, Salim, 1990. "The demand for energy in the large-scale manufacturing sector of Pakistan," Energy Economics, Elsevier, vol. 12(4), pages 251-254, October.
- Mehmet Akif Destek, 2015. "Energy Consumption, Economic Growth, Financial Development and Trade Openness in Turkey: Maki Cointegration Test," Bulletin of Energy Economics (BEE), The Economics and Social Development Organization (TESDO), vol. 3(4), pages 162-168, December.
- Jobert, Thomas & Karanfil, Fatih, 2007. "Sectoral energy consumption by source and economic growth in Turkey," Energy Policy, Elsevier, vol. 35(11), pages 5447-5456, November.
- Bélaïd, Fateh & Abderrahmani, Fares, 2013. "Electricity consumption and economic growth in Algeria: A multivariate causality analysis in the presence of structural change," Energy Policy, Elsevier, vol. 55(C), pages 286-295.
- Christian Bayer & Christoph Hanck, 2013.
"Combining non-cointegration tests,"
Journal of Time Series Analysis, Wiley Blackwell, vol. 34(1), pages 83-95, January.
- Bayer, C & Hanck, C.H., 2009. "Combining non-cointegration tests," Research Memorandum 012, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Masih, Abul M. M. & Masih, Rumi, 1996. "Energy consumption, real income and temporal causality: results from a multi-country study based on cointegration and error-correction modelling techniques," Energy Economics, Elsevier, vol. 18(3), pages 165-183, July.
- Ersan Ersoy & Ula nl, 2013. "Energy Consumption and Stock Market Relationship: Evidence from Turkey," International Journal of Energy Economics and Policy, Econjournals, vol. 3(Special), pages 34-40.
- Muhammad Shahbaz, 2015. "Electricity Consumption, Financial Development and Economic Growth Nexus in Pakistan: A Visit," Bulletin of Energy Economics (BEE), The Economics and Social Development Organization (TESDO), vol. 3(2), pages 48-65, June.
- Hamisu Sadi Ali & Zulkornain Bin Yusop & Law Siong Hook, 2015. "Financial Development and Energy Consumption Nexus in Nigeria: An Application of Autoregressive Distributed Lag Bound Testing Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 5(3), pages 816-821.
- Mielnik, Otavio & Goldemberg, Jose, 2002. "Foreign direct investment and decoupling between energy and gross domestic product in developing countries," Energy Policy, Elsevier, vol. 30(2), pages 87-89, January.
- Chang, Shu-Chen, 2015. "Effects of financial developments and income on energy consumption," International Review of Economics & Finance, Elsevier, vol. 35(C), pages 28-44.
- Dogan, Eyup, 2015. "The relationship between economic growth and electricity consumption from renewable and non-renewable sources: A study of Turkey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 534-546.
- Kumar, Ronald Ravinesh & Stauvermann, Peter Josef & Loganathan, Nanthakumar & Kumar, Radika Devi, 2015. "Exploring the role of energy, trade and financial development in explaining economic growth in South Africa: A revisit," Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 1300-1311.
- Venus khim-sen Liew & Thurai murugan Nathan & Wing-keung Wong, 2012. "Are Sectoral Outputs in Pakistan Led by Energy Consumption?," Economics Bulletin, AccessEcon, vol. 32(3), pages 2326-2331.
- Jamil, Faisal & Ahmad, Eatzaz, 2011. "Income and price elasticities of electricity demand: Aggregate and sector-wise analyses," Energy Policy, Elsevier, vol. 39(9), pages 5519-5527, September.
- Al-mulali, Usama & Lee, Janice Y.M., 2013. "Estimating the impact of the financial development on energy consumption: Evidence from the GCC (Gulf Cooperation Council) countries," Energy, Elsevier, vol. 60(C), pages 215-221.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Palesa Milliscent Lefatsa & Kin Sibanda & Rufaro Garidzirai, 2021. "The Relationship between Financial Development and Energy Consumption in South Africa," Economies, MDPI, vol. 9(4), pages 1-21, October.
- Wang, Zhibao & Zhao, Nana & Wei, Wendong & Zhang, Qianwen, 2021. "A differentiated energy Kuznets curve: Evidence from mainland China," Energy, Elsevier, vol. 214(C).
- Chigozie Nelson Nkalu & Samuel Chinwero Ugwu & Fredrick O. Asogwa & Mwuese Patricia Kuma & Queen O. Onyeke, 2020. "Financial Development and Energy Consumption in Sub-Saharan Africa: Evidence From Panel Vector Error Correction Model," SAGE Open, , vol. 10(3), pages 21582440209, July.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Sofien, Tiba & Omri, Anis, 2016. "Literature survey on the relationships between energy variables, environment and economic growth," MPRA Paper 82555, University Library of Munich, Germany, revised 14 Sep 2016.
- Tiba, Sofien & Omri, Anis, 2017. "Literature survey on the relationships between energy, environment and economic growth," Renewable and Sustainable Energy Reviews, Elsevier, vol. 69(C), pages 1129-1146.
- Smyth, Russell & Narayan, Paresh Kumar, 2015. "Applied econometrics and implications for energy economics research," Energy Economics, Elsevier, vol. 50(C), pages 351-358.
- Shahbaz, Muhammad & Hoang, Thi Hong Van & Mahalik, Mantu Kumar & Roubaud, David, 2017.
"Energy consumption, financial development and economic growth in India: New evidence from a nonlinear and asymmetric analysis,"
Energy Economics, Elsevier, vol. 63(C), pages 199-212.
- Muhammad Shahbaz & Thi Hong Van Hoang & Mantu Kumar Mahalik & David Roubaud, 2016. "Energy consumption, financial development and economic growth in India: New evidence from a nonlinear and asymmetric analysis," Post-Print hal-02148483, HAL.
- Shahbaz, Muhammad & HOANG, Thi Hong Van & Kumar, Mantu & Roubaud, David, 2017. "Energy Consumption, Financial Development and Economic Growth in India: New Evidence from a Nonlinear and Asymmetric Analysis," MPRA Paper 76527, University Library of Munich, Germany, revised 01 Feb 2017.
- Mahalik, Mantu Kumar & Babu, M. Suresh & Loganathan, Nanthakumar & Shahbaz, Muhammad, 2017.
"Does financial development intensify energy consumption in Saudi Arabia?,"
Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 1022-1034.
- Kumar, Mantu & Babu, M Suresh & Loganathan, Nanthakumar & Shahbaz, Muhammad, 2016. "Does Financial Development Intensify Energy Consumption in Saudi Arabia?," MPRA Paper 74946, University Library of Munich, Germany, revised 06 Nov 2016.
- Shahbaz, Muhammad & Mallick, Hrushikesh & Mahalik, Mantu Kumar & Sadorsky, Perry, 2016.
"The role of globalization on the recent evolution of energy demand in India: Implications for sustainable development,"
Energy Economics, Elsevier, vol. 55(C), pages 52-68.
- Shahbaz, Muhammad & Mallick, Hrushikesh & Kumar, Mantu & Sadorsky, Perry, 2016. "The Role of Globalization on the Recent Evolution of Energy Demand in India: Implications for Sustainable Development," MPRA Paper 69127, University Library of Munich, Germany, revised 31 Jan 2016.
- Tiwari, Aviral Kumar & Eapen, Leena Mary & Nair, Sthanu R, 2021. "Electricity consumption and economic growth at the state and sectoral level in India: Evidence using heterogeneous panel data methods," Energy Economics, Elsevier, vol. 94(C).
- Rashid Sbia & Muhammad Shahbaz & Ilhan Ozturk, 2017.
"Economic growth, financial development, urbanisation and electricity consumption nexus in UAE,"
Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 30(1), pages 527-549, January.
- SBIA, Rashid & Shahbaz, Muhammad & Ozturk, Ilhan, 2016. "Economic Growth, Financial Development, Urbanization and Electricity Consumption Nexus in UAE," MPRA Paper 74790, University Library of Munich, Germany, revised 24 Oct 2016.
- Solarin, Sakiru Adebola & Shahbaz, Muhammad, 2013.
"Trivariate causality between economic growth, urbanisation and electricity consumption in Angola: Cointegration and causality analysis,"
Energy Policy, Elsevier, vol. 60(C), pages 876-884.
- Solarin, Sakiru Adebola & Shahbaz, Muhammad, 2013. "Trivariate Causality between Economic Growth, Urbanisation and Electricity Consumption in Angola: Cointegration and Causality Analysis," MPRA Paper 45580, University Library of Munich, Germany, revised 19 Mar 2013.
- Paresh Narayan & Russell Smyth, 2014. "Applied Econometrics and a Decade of Energy Economics Research," Monash Economics Working Papers 21-14, Monash University, Department of Economics.
- Omri, Anis, 2014.
"An international literature survey on energy-economic growth nexus: Evidence from country-specific studies,"
Renewable and Sustainable Energy Reviews, Elsevier, vol. 38(C), pages 951-959.
- Omri, Anis, 2014. "An international literature survey on energy-economic growth nexus: Evidence from country-specific studies," MPRA Paper 82452, University Library of Munich, Germany, revised 30 Jun 2014.
- Muhammad, Shahbaz, 2011. "Electricity Consumption, Financial Development and Economic Growth Nexus: A Revisit Study of Their Causality in Pakistan," MPRA Paper 35588, University Library of Munich, Germany, revised 27 Dec 2011.
- Shahbaz, Muhammad & Khan, Saleheen & Tahir, Mohammad Iqbal, 2013.
"The dynamic links between energy consumption, economic growth, financial development and trade in China: Fresh evidence from multivariate framework analysis,"
Energy Economics, Elsevier, vol. 40(C), pages 8-21.
- Muhammad, Shahbaz & Saleheen, Khan & Mohammad, Iqbal Tahir, 2012. "The Dynamic Link between Energy Consumption, Economic Growth, Financial Development and Trade in China: Fresh Evidence from Multivariate Framework Analysis," MPRA Paper 42974, University Library of Munich, Germany, revised 26 Nov 2012.
- Muhammad Shahbaz & Faridul Islam & Muhammad Sabihuddin Butt, 2016. "Finance–Growth–Energy Nexus and the Role of Agriculture and Modern Sectors: Evidence from ARDL Bounds Test Approach to Cointegration in Pakistan," Global Business Review, International Management Institute, vol. 17(5), pages 1037-1059, October.
- Lean, Hooi Hooi & Smyth, Russell, 2014.
"Disaggregated energy demand by fuel type and economic growth in Malaysia,"
Applied Energy, Elsevier, vol. 132(C), pages 168-177.
- Hooi Hooi Lean & Russell Smyth, 2013. "Disaggregated Energy Demand by Fuel Type and Economic Growth in Malaysia," Monash Economics Working Papers 43-13, Monash University, Department of Economics.
- Ouyang, Yaofu & Li, Peng, 2018. "On the nexus of financial development, economic growth, and energy consumption in China: New perspective from a GMM panel VAR approach," Energy Economics, Elsevier, vol. 71(C), pages 238-252.
- Durusu-Ciftci, Dilek & Soytas, Ugur & Nazlioglu, Saban, 2020. "Financial development and energy consumption in emerging markets: Smooth structural shifts and causal linkages," Energy Economics, Elsevier, vol. 87(C).
- Muhammad Shahbaz & Ilhan Ozturk & Amjad Ali, 2015.
"Electricity Consumption and Economic Growth Causality Revisited: Evidence from Turkey,"
Bulletin of Energy Economics (BEE), The Economics and Social Development Organization (TESDO), vol. 3(4), pages 176-193, December.
- Muhammad, Shahbaz & Ilhan, Ozturk, 2012. "Electricity consumption and economic growth causality revisited: evidence from Turkey," MPRA Paper 37637, University Library of Munich, Germany, revised 20 Mar 2012.
- Sohail Amjed & Iqtidar Ali Shah & Adnan Riaz, 2022. "Investigating the Interactive Role of Demand Side Factors Potentially Responsible for Energy Crisis in Pakistan," International Journal of Energy Economics and Policy, Econjournals, vol. 12(3), pages 236-246, May.
- Shahbaz, Muhammad, 2017. "Current Issues in Time-Series Analysis for the Energy-Growth Nexus; Asymmetries and Nonlinearities Case Study: Pakistan," MPRA Paper 82221, University Library of Munich, Germany, revised 19 Oct 2017.
More about this item
Keywords
Financial development; Electricity consumption; Economic growth; Energy policy; Bidirectional causality; Feedback effect; Electricity demand–supply gap; Non-renewable energy; Carbon Emissions; Pakistan;All these keywords.
JEL classification:
- E0 - Macroeconomics and Monetary Economics - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ENE-2018-07-23 (Energy Economics)
- NEP-ETS-2018-07-23 (Econometric Time Series)
- NEP-FDG-2018-07-23 (Financial Development and Growth)
- NEP-MAC-2018-07-23 (Macroeconomics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:87212. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.