Economic growth and electricity consumption: Auto regressive distributed lag analysis

Knowledge of the direction of causality between electricity consumption and economic growth is of primary importance if appropriate energy policies and energy conservation measures are to be devised. This study estimates the causality relationship between electricity consumption and economic growth...

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Main Authors: Melike E. Bildirici, Tahsin Bakirtas, Fazıl Kayikci
Format: Article
Language:English
Published: University of Cape Town 2017-10-01
Series:Journal of Energy in Southern Africa
Online Access:https://journals.assaf.org.za/jesa/article/view/3176
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spelling doaj-6255f1f36d1d4d3b8bb5f354d3dfa0e22020-11-24T21:33:27ZengUniversity of Cape TownJournal of Energy in Southern Africa1021-447X2413-30512017-10-01234294510.17159/2413-3051/2012/v23i4a31763176Economic growth and electricity consumption: Auto regressive distributed lag analysisMelike E. Bildirici0Tahsin BakirtasFazıl KayikciUniversity of Cape TownKnowledge of the direction of causality between electricity consumption and economic growth is of primary importance if appropriate energy policies and energy conservation measures are to be devised. This study estimates the causality relationship between electricity consumption and economic growth in per capita and aggregate levels. The study uses the price and income elasticities of total electricity demand and industrial demand by using the auto regressive distributed lag (ARDL) method for some developed and developing countries, including the US, UK, Canada, Japan, China, India, Brazil, Italy, France, Turkey and South Africa. There is evidence to support the growth hypothesis for the US, China, Canada and Brazil. There is evidence to support the conservation hypothesis for India, Turkey, South Africa, Japan, UK, France and Italy.https://journals.assaf.org.za/jesa/article/view/3176
collection DOAJ
language English
format Article
sources DOAJ
author Melike E. Bildirici
Tahsin Bakirtas
Fazıl Kayikci
spellingShingle Melike E. Bildirici
Tahsin Bakirtas
Fazıl Kayikci
Economic growth and electricity consumption: Auto regressive distributed lag analysis
Journal of Energy in Southern Africa
author_facet Melike E. Bildirici
Tahsin Bakirtas
Fazıl Kayikci
author_sort Melike E. Bildirici
title Economic growth and electricity consumption: Auto regressive distributed lag analysis
title_short Economic growth and electricity consumption: Auto regressive distributed lag analysis
title_full Economic growth and electricity consumption: Auto regressive distributed lag analysis
title_fullStr Economic growth and electricity consumption: Auto regressive distributed lag analysis
title_full_unstemmed Economic growth and electricity consumption: Auto regressive distributed lag analysis
title_sort economic growth and electricity consumption: auto regressive distributed lag analysis
publisher University of Cape Town
series Journal of Energy in Southern Africa
issn 1021-447X
2413-3051
publishDate 2017-10-01
description Knowledge of the direction of causality between electricity consumption and economic growth is of primary importance if appropriate energy policies and energy conservation measures are to be devised. This study estimates the causality relationship between electricity consumption and economic growth in per capita and aggregate levels. The study uses the price and income elasticities of total electricity demand and industrial demand by using the auto regressive distributed lag (ARDL) method for some developed and developing countries, including the US, UK, Canada, Japan, China, India, Brazil, Italy, France, Turkey and South Africa. There is evidence to support the growth hypothesis for the US, China, Canada and Brazil. There is evidence to support the conservation hypothesis for India, Turkey, South Africa, Japan, UK, France and Italy.
url https://journals.assaf.org.za/jesa/article/view/3176
work_keys_str_mv AT melikeebildirici economicgrowthandelectricityconsumptionautoregressivedistributedlaganalysis
AT tahsinbakirtas economicgrowthandelectricityconsumptionautoregressivedistributedlaganalysis
AT fazılkayikci economicgrowthandelectricityconsumptionautoregressivedistributedlaganalysis
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