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The asymmetric causal relationship between renewable and NON-RENEWABLE energy consumption and economic growth in the ASEAN-5 countries

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  • Tuna, Gülfen
  • Tuna, Vedat Ender

Abstract

This study analyzes the causality between energy consumption and economic growth for ASEAN-5 countries. The data set of the study cover the years between 1980 and 2015. The research uses Hacker and Hatemi-J(2006) tests for symmetric causality analysis and Hatemi-j(2012) test to examine asymmetric causality.. According to Hacker and Hatemi-J(2006) test's results, economic growth and renewable energy consumption are not generally related to ASEAN-5 countries' growth. However, Hatemi-J(2012) results suggest the presence of a significant relationships between non-renewable energy consumption and economic growth. Different interactions are observed according to the realization of positive and negative shocks. This supports that ASEAN-5 countries need to orientate to renewable energy consumption in energy policies. Also considering positive and negative shocks indicates that more effective results can be obtained in economic development process while determining energy policies.

Suggested Citation

  • Tuna, Gülfen & Tuna, Vedat Ender, 2019. "The asymmetric causal relationship between renewable and NON-RENEWABLE energy consumption and economic growth in the ASEAN-5 countries," Resources Policy, Elsevier, vol. 62(C), pages 114-124.
    • Handle: RePEc:eee:jrpoli:v:62:y:2019:i:c:p:114-124
    DOI: 10.1016/j.resourpol.2019.03.010
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    More about this item

    Keywords

    Renewable energy consumption; Non-renewable energy consumption; Economic growth; ASEAN-5; Asymmetric causality;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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