Nuclear energy consumption, commercial energy consumption and economic growth in South Asia: Bootstrap panel causality test

Renewable and Sustainable Energy Reviews

Volumn 25, Issue , 2013, Pages 552-559

  Akhmat, Ghulam ^a   Zaman, Khalid ^b  

^a HUAZHONG UNIVERSITY OF SCIENCE AND TECHNOLOGY   (China)

^b Tobe Camp University Road Abbottabad   (Pakistan)

Author keywords

Bootstrap Granger causality; Commercial energy consumption; Economic growth; Nuclear energy consumption; South Asian countries

Indexed keywords

COAL; ECONOMICS; ELECTRIC POWER UTILIZATION; ENERGY UTILIZATION; NUCLEAR ENERGY; STATISTICAL TESTS;

ASIAN COUNTRIES; BOOTSTRAP PANEL CAUSALITY TESTS; CAUSAL RELATIONSHIPS; COMMERCIAL ENERGY; ECONOMIC GROWTHS; ELECTRICITY-CONSUMPTION; GRANGER CAUSALITY; NEUTRALITY HYPOTHESIS;

ECONOMIC AND SOCIAL EFFECTS;

EID: 84878833881     PISSN: 13640321     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.rser.2013.05.019     Document Type: Review

References (59)

1. th March, 2012).
2. ADB (2010). Bhutan: Energy Sector. Asian Development Bank, SAP BHU 2010-21. Online available at: «http://www.oecd.org/countries/bhutan/ 47177609.pdf» (accessed on 17th December, 2012)).
3. Altenburg T. (2011). Industrial policy in developing countries: overview and lessons from seven country cases. Discussion paper 4/2011, Bonn, Germany.
4. N Apergis, and JE. Peyne A panel study of nuclear energy consumption and economic growth Energy Economics 32 4 2010 545 549
5. Ariyadasa, L. (2011). Current status of the energy situation in Sri Lanka. Online available at: «http://sa-energy.net/filestore/12033248770- forumadmin.pdf» (accessed on 21 November, 2012).
6. A Aslan, and S. Cam Alternative and nuclear energy consumption-economic growth nexus for Israel: evidence based on bootstrap-corrected causality tests Progress in Nuclear Energy 62 2013 50 53
7. M Balcilar, ZA Ozdemir, and Y Arslanturk Economic growth and energy consumption causal nexus viewed through a bootstrap rolling window Energy Economics 32 6 2010 1398 1410
8. T Breusch, and A. Pagan The LM test and its application to model specification in econometrics Review of Economic Studies 47 1980 239 254
9. H Chu, and T. Chang Nuclear energy consumption, oil consumption and economic growth in G-6 countries: bootstrap panel causality test Energy Policy 48 1 2012 762 769
10. YU Dantama, YZ Abdullahi, and N. Inuwa Energy consumption - economic growth nexus in Nigeria: an empirical assessment: based on ARDL bound test approach European Scientific Journal 8 12 2012 141 157
11. Dialog (2010). Nuclear energy consumption: does it affect GDP? Online available at: «http://www.dialog.com/innovate/nuclear-energy/» (accessed on 17th October 2011).
12. FICCI (2011). India's energy security: key issues impacting the Indian oil and gas sector. Ernst & Young, India. Online available at: «http://www.ey.com/Publication/vwLUAssets/Indias-energy-security/ $FILE/India-s-energy-security.pdf» (accessed on 12th January, 2013).
13. GoP Economic survey of Pakistan, 2011-12, Ministry of Planning and Commission, Federal Bureau of Statistics 2012 Government of Pakistan Islamabad Wing
14. JY Heo, SH Yoo, and SJ. Kwak The causal relationship between nuclear energy consumption and economic growth in India Energy Sources, Part B: Economics, Planning, and Policy 6 2 2011 111 117
15. MS. Hossain Multivariate Granger causality between economic growths, electricity consumption, exports and remittance for the panel of three SAARC countries Global Journal of Management and Business Research 12 4 2012 41 54
16. MS Hossain, and C. Saeki Does electricity consumption panel Granger cause economic growth in South Asia? Evidence from Bangladesh, India, Iran, Nepal, Pakistan and Sri-Lanka European Journal of Social Sciences 25 3 2011 316 328
17. International Energy Outlook (2011). World energy demand and economic outlook. International Energy Outlook 2011, Report number: DOE/EIA-0484. Online available at: «http://www.eia.gov/forecasts/ieo/world.cfm» (accessed 14 September 2012).
18. IEA (2012). World Energy Outlook: special report on unconventional gas. International Energy Agency, France. Online available at: «http://www. worldenergyoutlook.org/media/weowebsite/2012/goldenrules/weo2012- goldenrulesreport.pdf» (accessed on 3rd January, 2013).
19. IEEN (2012). Innovative Energy and Environment Nepal (accessed 9 April 2012) fromhttp:// «www.ieen.org.np/about-us/»
20. IEPSA Integrated energy potential of South Asia: Vision 2020 2010 SAARC Energy Centre Islamabad, Pakistan
21. K Imran, and MM. Siddiqui Energy consumption and economic growth: a case study of three SAARC countries European Journal of Social Sciences 16 2 2010 206 213
22. MJ. Iqbal SAARC: origin, growth, potential and achievements Pakistan Journal of History & Culture XXVII 2 2006 127 140
23. IRIB (2013). $138 Million Maldives renewable energy project backed by World Bank launched. Online available at: «http://english.irib.ir/ subcontinent/culture/tourism/item/84774-$138-million-maldives-renewable- energy-project-backed-by-world-bank-launched» (accessed on 15th January, 2013).
24. Joyeux, R, Ripple, RD. (2010). Energy consumption and real income: a panel cointegration multi-country study. University of South Australia, online available at: «http://w3.unisa.edu.au/commerce/docs/seminars/ Energy%20consumption-5-5-10 - UofSA.pdf» (accessed on 17th September, 2012).
25. S Kumar, and M. Shahbaz Coal consumption and economic growth revisited: structural breaks, cointegration and causality tests for Pakistan Energy, Exploration & Exploitation 30 3 2012 499 522
26. CC Lee, and YB. Chiu Oil prices, nuclear energy consumption, and economic growth: new evidence using a heterogeneous panel analysis Energy Policy 39 4 2011 2111 2120
27. Mahapatra, SB., (2011). On financial management & cost concern for the officers of coal/energy industry of SAARC countries. Indian Institute of Coal Management, Ranchi, online available at: «http://www.sari-energy.org/ PageFiles/What-We-Do/activities/advanced-coal-managment-dec-2009/Presentations/ Day3/FinancialManagement&CostConcerns-SBMahapatra.pdf» (accessed on 17th December, 2012).
28. NC Mark, M Ogaki, and D. Sul Dynamic seemingly unrelated cointegrating regression Review of Economic Studies 72 2005 797 820 (Pubitemid 40974281)
29. Mohan, M.P.R., (2012). A nuclear agenda for SAARC: Establishing a South Asian nuclear risk community. The Energy and Resources Institute (TERI), India. Online available at: «http://www.nlain.org/blog/ anuclearagendaforsaarcestablishingasouthasiannuclearriskcommunity» (accessed on 1st December, 2012).
30. S Nazlioglu, F Lebe, and S. Kayhan Nuclear energy consumption and economic growth in OECD countries: cross-sectionally dependent heterogeneous panel causality analysis Energy Policy 39 1 2011 6615 6621
31. OECD (2012). The role of nuclear energy in a low-carbon energy future. Nuclear Energy Agency (NEA) No. 6887. Online available at: «http://www. oecd-nea.org/nsd/reports/2012/nea6887-role-nuclear-low-carbon.pdf» (accessed on 15th October, 2012).
32. I. Ozturk A literature survey on energy-growth nexus Energy Policy 38 1 2010 340 349
33. JE. Payne Survey of the international evidence on the causal relationship between energy consumption and growth Journal of Economic Studies 37 1 2010 53 95
34. JE. Payne US disaggregate fossil fuel consumption and real GDP: an empirical note Energy Sources, Part B: Economics, Planning, and Policy 6 1 2011 63 68
35. JE Payne, and JP Taylor Nuclear energy consumption and economic growth in the U.S.: an empirical note Energy Sources, Part B: Economics, Planning, and Policy 5 3 2010 301 307
36. Pesaran, MH. (2004). General diagnostic tests for cross section dependence in panels. Cambridge Working Papers in Economics No. 0435, Faculty of Economics, University of Cambridge.
37. MH Pesaran, and T. Yamagata Testing slope homogeneity in large panels Journal of Econometrics 142 2008 50 93 (Pubitemid 350117132)
38. RP. Pradhan Energy consumption- growth nexus in SAARC countries: using cointegration and error correction model Modern Applied Science 4 4 2010 74 90
39. DM Rahman, NB Sakhawat, R Amin, and H. Ahmed A study on renewable energy as a sustainable alternative for ensuring energy security in Bangladesh and related socio-economic aspects Engineering Journal 16 2 2012 47 52
40. Shahbaz, M, Chandran, VG. R, Azeem, P. (2011). Natural gas consumption and economic growth: cointegration, causality and forecast error variance decomposition tests for Pakistan. Online at «http://mpra.ub.uni-muenchen. de/35103/» (accessed on 12 June, 2012).
41. M Shahbaz, M Zeeshan, and T. Afza Is energy consumption effective to spur economic growth in Pakistan? New evidence from bounds test to level relationships and Granger causality tests Economic Modelling 29 6 2012 2310 2319
42. Shrestha, S. (2012). Selling renewable energy in Nepal. Laurea University of Applied Sciences, Laurea Leppaväära. Online available at: «http://publications.theseus.fi/bitstream/handle/10024/46377/ Shrestha-Sarina.pdf?sequence=1» (accessed on 11th January, 2013).
43. PR Shukla, and V. Chaturvedi Low carbon and clean energy scenarios for India: analysis of targets approach Energy Economics 34 3 2012 S487 S495
44. Siddiqui, MM., (2012). Energy consumption and economic growth: a case study of three SAARC countries. Available at SSRN: «http://ssrn.com/ abstract=2124639» or 10.2139/ssrn.2124639 (accessed on October, 2012).
45. PAVB. Swamy Efficient inference in a random coefficient regression model Econometrica 38 1970 311 323
46. UN (2000). World migration report, 2000. International Organization for Migration (IOM), United Nations. Online available at: «http://www.cestim. it/argomenti/33altri-paesi/world-migration-report-oim/wmr-2000.pdf» (accessed on 21 November, 2012).
47. UNCSD (2012). National report on sustainable development: Bangladesh, Rio+20 - United Nations Conference on Sustainable Development, Bangladesh. Online available at: «http://www.uncsd2012.org/content/documents/ 738Rio+20%20NRSD.pdf» (accessed on 11th September, 2012).
48. UNDP (2012). Environment and Energy, United Nations Development Program, Online available at: «http://www.undp.org.mv/v2/?lid=72» (accessed on 27th December, 2012).
49. USAID (2008). Regional energy security for South Asia. Energy for South Asia, Regional Report, Online available at: «http://pdf.usaid.gov/pdf- docs/PNADS866.pdf» (accessed on 2nd January, 2013).
50. Y. Wolde-Rufael Nuclear energy consumption and economic growth in Taiwan Energy Sources, Part B: Economics, Planning, and Policy 7 1 2012 21 27
51. Y Wolde-Rufael, and K. Menyah Nuclear energy consumption and economic growth in nine developed countries Energy Economics 32 2 2010 550 556
52. World Bank (2012). World development indicators (WDI).Washington, DC. Online available at: «http://www.worldbank.org/data/wdi2012» (accessed on 17th June, 2012)
53. WTO (2001). Social, environmental and security of supply policies in a competitive energy market: a review of delivery mechanisms in the United Kingdom. Online available at: «http://www.wto.org/english/tratop-e/serv-e/ symp-mar02-uk-social-envir-e.pdf» (accessed on 17 August, 2012).
54. WWF (2011). Nuclear energy: the difference between costs and prices. Delft, CE Delft. Online available at: «http://assets.wnf.nl/downloads/ report-nuclearenergy-wnf-nov2011.pdf» (accessed on 17October, 2012).
55. S Yoo, and S. Ku Causal relationship between nuclear energy consumption and economic growth: a multi-country analysis Energy Policy 37 5 2009 1905 1913
56. K Zaman, MM Khan, M Ahmad, and R. Rustam Determinants of electricity consumption function in Pakistan: old wine in a new bottle Energy Policy 50 1 2012 623 634
57. K Zaman, MM Khan, and M. Ahmad Factors affecting commercial energy consumption in Pakistan: progress in energy Renewable and Sustainable Energy Reviews 19 3 2013 107 135
58. L. Kónya Exports and growth: Granger causality analysis on OECD countries with a panel data approach Economic Modelling 23 6 2006 978 992 (Pubitemid 44567452)
59. E.S.H. Yu, and J,C. Jin Cointegration Tests of Energy Consumption Income and Employment. Resource Energy 14 1992 259 266