Energy consumption and economic growth in Vietnam: Threshold cointegration and causality analysis

International Journal of Energy Economics and Policy

Volumn 1, Issue 1, 2011, Pages 1-17

  Binh, Phung Thanh ^a  

^a UNIVERSITY OF ECONOMICS HO CHI MINH CITY   (Viet Nam)

Author keywords

Cointegration; Economic growth; Energy consumption; Granger causality; Vietnam

Indexed keywords

EID: 84868582404     PISSN: None     EISSN: 21464553     Source Type: Journal    
DOI: None     Document Type: Article

References (50)

1. Akarca, A.T., Long, T.V., 1980. On the relationship between energy and GNP: A reexamination. Journal of Energy Development 5, 326-331.
2. Altinay, G., Karagol, E., (2004). Structural break, unit root, and the causality between energy consumption and GDP in Turkey. Energy Economics 26, 985-994.
3. Aqeel, A., Butt, M.S., 2001. The relationship between energy consumption and economic growth in Pakistan. Asia Pacific Development Journal 8, 101-110.
4. Asafu-Adjaye, J., 2000. The relationship between energy consumption, energy prices and economic growth: Time series evidence from Asian developing countries. Energy Economics 22, 615-625.
5. Asteriou, D., Stephen G.H, 2007. Applied Econometrics: A Modern Approach Using Eviews and Microfit, Revised Edition, Palgrave MacMillan.
6. Bartleet, M., and Gounder, R., 2010. Energy consumption and economic growth in New Zealand: Results of trivariate and multivariate models. Energy Policy 38, 3508-3517.
7. Belloumi, M., 2009. Energy consumption and GDP in Tunisia: Cointegration and causality analysis. Energy Policy 37, 2745-2753.
8. Chen, S.T., Kuo, H.I., Chen, C.C., 2007. The relationship between GDP and electricity consumption in 10 Asian Countries. Energy Policy 35, 2611-2621.
9. Cheng, B.,1995. An investigation of cointegration and causality between energy consumption and economic growth. Journal of Energy Development 21, 73-84.
10. Cheng, B.S., Lai, T.W., 1997. An investigation of co-integration and causality between energy consumption and economic activity in Taiwan. Energy Economics 19, 435-444.
11. Chiou-Wei, S.Z., Chen, Ching-Fu, Zhu, Z., 2008. Economic growth and energy consumption revisited: Evidence from linear and nonlinear Granger causality. Energy Economics 30, 3063-3076.
12. Chontanawat, J., Hunt, L.C., Pierse, R., 2008. Does energy consumption cause economic growth? Evidence from a systematic study of over 100 countries. Journal of Policy Modeling 30, 209-220.
13. Christiano, L.J., 1992. Searching for breaks in GNP. Journal of Business and Economic Statistics 10, 237-250.
14. Cleveland, C.J., Kaufmann, R.K., Stern, D.I., 2000. Aggregation and the role of energy in the economy. Ecological Economics 32, 301-317.
15. Engle, R.F., Granger, C.W.J., 1987. Cointegration and error correction: representation, estimation and testing. Econometrica 55, 251-276.
16. Erol, U., Yu, E.S.H., 1987. On the causal relationship between energy and income for industrializing countries. Journal of Energy and Development 13, 113-122.
17. Esso, L.J., 2010. Threshold cointegration and causality relationship between energy use and growth in seven African countries. Energy Economics 30, 2391-2400.
18. Glasure, Y.U., Lee, A., 1997. Cointegration, error correction and the relationship between GDP and energy: The case of South Korea and Singapore. Resource and Energy Economics 20, 17-25.
19. Granger, C.W.J., 1969. Investigating causal relation by econometric and cross-sectional method. Econometrica 37, 424-438.
20. Gregory, A.W., Hansen, B.E., 1996a. Residual-based tests for cointegration in models with regime shifts. Journal of Econometrics 70, 99-126.
21. Gregory, A.W., Hansen, B.E., 1996b. Tests for cointegration in models with regime and trend shifts. Oxford Bulletin of Economics and Statistics 58, 555-560.
22. Hwang, D., Gum, B., 1991. The causal relationship between energy and GNP: The case of Taiwan. Journal of Energy Development 16, 219-226.
23. James B. Ang, 2007. Are saving and investment cointegrated? The case of Malaysia (1965-2003). Applied Economics 39 2167-2174.
24. Johansen, S., 1988. Statistical analysis of cointegration vectors. Journal of Economic Dynamics and Control 12, 231-254.
25. Johansen, S., Juselius, K., 1990. Maximum likelihood estimation and inference on cointegration with applications to the demand for money. Oxford Bulletin of Economics and Statistics 52, 169-209.
26. Khanh Toan, P., et al., 2010. Energy supply, demand, and policy in Viet Nam, with future projections. Energy Policy.
27. Kraft, J., Kraft, A., 1978. On the relationship between energy and GNP. Journal of Energy Development 3, 401-403.
28. Lee, C.C., 2005. Energy consumption and GDP in developing countries: a cointegrated panel analysis. Energy Economics 27, 415-427.
29. Masih, A., Masih, R., 1996. Energy consumption and real income temporal causality, results for a multi-country study based on cointegration and error correction techniques. Energy Economics 18, 165-183.
30. Masih, A.M.M., Masih, R., 1997. On temporal causal relationship between energy consumption, real income and prices; some new evidence from Asian energy dependent NICs based on a multivariate cointegration/vector error correction approach. Journal of Policy Modeling 19, 417-440.
31. Mehrara, M., 2007. Energy consumption and economic growth: the case of oil exporting countries. Energy Policy 35, 2939-2945.
32. Ozturk, I., Aslan, A., Kalyoncu, H. (2010). Energy consumption and economic growth relationship: Evidence from panel data for low and middle income countries. Energy Policy 38, 4422-4428.
33. Ozturk, I., 2010. A literature survey on energy-growth nexus. Energy Policy 38, 340-349.
34. Ozturk, I., Acaravci, A. (2010). The causal relationship between energy consumption and GDP in Albania, Bulgaria, Hungary and Romania: Evidence from ADRL bound testing approach. Applied Energy 87, 1938-1943.
35. Paul, S., Bhattacharya, R.N., 2004. Causality between energy consumption and economic growth in India: A note on conflicting results. Energy Economics 26, 977-983.
36. Perron, P., 1989. The great crash, the oil price shock and the unit root hypothesis. Econometrica 57, 1361-1401.
37. Pesaran, M.H., Shin, Y., Smith, R.J., 2001. Bounds testing approaches to the analysis of levels relationships. Journal of Applied Econometrics 16, 289-326.
38. Solow, R.M, 1974. The economics of resources or the resources of economics. American Economic Review 64, 1-14.
39. Solow, R.M, 1997. Reply: Georgescu-Roegen versus Solow/Stiglitz. Ecological Economics 22, 267-268.
40. Soytas, U., Sari, R., 2003. Energy consumption and GDP: Causality relationship in G-7 countries and emerging markets. Energy Economics 25, 33-37.
41. Stern, D.I., 1993. Energy and economic growth in the USA: A multivariate approach. Energy Economics 15, 137-150.
42. Stern, D.I., 2000. A multivariate cointegration analysis of the role of energy in the US macroeconomy. Energy Economics 22, 267-283.
43. Stiglitz, J.E., 1997. Reply: Georgescu-Roegen versus Solow/Stiglitz. Ecological Economics 22, 269-270.
44. Toda, H.Y., Yamamoto, T., 1995. Statistical inference in vector autoregressions with possibly integrated processes. Journal of Econometrics 66, 225-250.
45. Tsani, S.Z., 2010. Energy consumption and economic growth: A causality analysis for Greece. Energy Policy, 32, 582-590.
46. Wolde-Rufael, Y., 2005. Energy demand and economic growth: The African experience. Journal of Policy Modeling 27, 891-903.
47. Yang, H.Y., 2000. A note on the causal relationship between energy and GDP in Taiwan. Energy Economics 22, 309-317.
48. Yu, E.S.H., Choi, J.Y., 1985. The causal relationship between energy and GNP: An international comparison. Journal of Energy and Development 10, 249-272.
49. Yu, E.S.H., Hwang, B.K., 1984. The relationship between energy and GNP, further results. Energy Economics 6, 186-190.
50. Zivot, E., Andrews, D.W.K., 1992. Further evidence on the great crash, the oil price shock, and the unit root hypothesis. Journal of Business and Economic Statistics 10, 251-270.