The causal relationship between energy consumption, energy prices and economic growth in Asian developing countries: A replication

In this paper, we first replicate estimates of [6] over a longer period from 1971 to 2015. We then extend the analysis estimating an additional specification in which a categorical variable is included to take into account if the four Asian countries adopted policies in support of the generation of...

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Main Authors:	Alfonso Carfora, Rosaria Vega Pansini, Giuseppe Scandurra
Format:	Article
Language:	English
Published:	Elsevier 2019-01-01
Series:	Energy Strategy Reviews
Online Access:	http://www.sciencedirect.com/science/article/pii/S2211467X18301160

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spelling	doaj-a6382ab57dca44248e665501787ab2902020-11-24T21:58:38ZengElsevierEnergy Strategy Reviews2211-467X2019-01-01238185The causal relationship between energy consumption, energy prices and economic growth in Asian developing countries: A replicationAlfonso Carfora0Rosaria Vega Pansini1Giuseppe Scandurra2University of Naples Parthenope, Italy; Corresponding author.Italian Revenue Agency –Statistical Office”, ItalyUniversity of Naples Parthenope, ItalyIn this paper, we first replicate estimates of [6] over a longer period from 1971 to 2015. We then extend the analysis estimating an additional specification in which a categorical variable is included to take into account if the four Asian countries adopted policies in support of the generation of energy from renewable sources. Most of the results of Asafu-Adjaye's analysis hold for Thailand and Philippines even when considering 20 years of additional data. The results for India and Indonesia are quite different from the original work in term of vector of cointegration and Granger-causality relationships. The Indian case is also different from other countries considered when we analyse the effects of the adoption of policies in favour of renewable energy sources. Keywords: Energy consumption, Economic growth, Granger causality, Replication, JEL classifications: C22, Q43, Q48http://www.sciencedirect.com/science/article/pii/S2211467X18301160
collection	DOAJ
language	English
format	Article
sources	DOAJ
author	Alfonso Carfora Rosaria Vega Pansini Giuseppe Scandurra
spellingShingle	Alfonso Carfora Rosaria Vega Pansini Giuseppe Scandurra The causal relationship between energy consumption, energy prices and economic growth in Asian developing countries: A replication Energy Strategy Reviews
author_facet	Alfonso Carfora Rosaria Vega Pansini Giuseppe Scandurra
author_sort	Alfonso Carfora
title	The causal relationship between energy consumption, energy prices and economic growth in Asian developing countries: A replication
title_short	The causal relationship between energy consumption, energy prices and economic growth in Asian developing countries: A replication
title_full	The causal relationship between energy consumption, energy prices and economic growth in Asian developing countries: A replication
title_fullStr	The causal relationship between energy consumption, energy prices and economic growth in Asian developing countries: A replication
title_full_unstemmed	The causal relationship between energy consumption, energy prices and economic growth in Asian developing countries: A replication
title_sort	causal relationship between energy consumption, energy prices and economic growth in asian developing countries: a replication
publisher	Elsevier
series	Energy Strategy Reviews
issn	2211-467X
publishDate	2019-01-01
description	In this paper, we first replicate estimates of [6] over a longer period from 1971 to 2015. We then extend the analysis estimating an additional specification in which a categorical variable is included to take into account if the four Asian countries adopted policies in support of the generation of energy from renewable sources. Most of the results of Asafu-Adjaye's analysis hold for Thailand and Philippines even when considering 20 years of additional data. The results for India and Indonesia are quite different from the original work in term of vector of cointegration and Granger-causality relationships. The Indian case is also different from other countries considered when we analyse the effects of the adoption of policies in favour of renewable energy sources. Keywords: Energy consumption, Economic growth, Granger causality, Replication, JEL classifications: C22, Q43, Q48
url	http://www.sciencedirect.com/science/article/pii/S2211467X18301160
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The causal relationship between energy consumption, energy prices and economic growth in Asian developing countries: A replication

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