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Energy Consumption And Gdp In Asean Countries: Bootstrap-Corrected Panel And Time Series Causality Tests

Author

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  • ERTUGRUL YILDIRIM

    (Bulent Ecevit University, Department of Economics, 67100 Zonguldak, Turkey)

  • ALPER ASLAN

    (Nevsehir Haci Bektas Veli University, Faculty of Economics and Administrative Sciences, 50300 Nevsehir, Turkey)

  • ILHAN OZTURK

    (Cag University, Faculty of Economics and Business, Adana-Mersin Karayolu Uzeri, Yenice, 33800 Mersin, Turkey)

Abstract

This study reexamines the relationship between energy consumption per capita and real GDP per capita for Indonesia, Malaysia, the Philippines, Singapore and Thailand using both panel data causality which is taking into account cross-sectional dependence and heterogeneity among the countries and time series causality tests for the period 1971–2009. The findings indicate that taking into account cross-sectional dependence has a substantial effect on the achieved results. The conservation hypothesis is supported for Indonesia, Malaysia and the Philippines. Although a bidirectional relation is found in the case of Thailand, since there is no positive effect of energy consumption on GDP, the conservation hypothesis is supported. In the pattern of Singapore, the neutrality hypothesis is supported. In addition, the increase in investment and labor force lead to more energy consumption in Indonesia, Malaysia and Thailand.

Suggested Citation

  • Ertugrul Yildirim & Alper Aslan & Ilhan Ozturk, 2014. "Energy Consumption And Gdp In Asean Countries: Bootstrap-Corrected Panel And Time Series Causality Tests," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 59(02), pages 1-16.
    • Handle: RePEc:wsi:serxxx:v:59:y:2014:i:02:n:s0217590814500106
    DOI: 10.1142/S0217590814500106
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    Cited by:

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    2. Cosimo Magazzino, 2014. "A Panel VAR Approach of the Relationship among Economic Growth, CO2 Emissions, and Energy Use in the ASEAN-6 Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 4(4), pages 546-553.
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    5. Ghazouani, Tarek & Boukhatem, Jamel & Yan Sam, Chung, 2020. "Causal interactions between trade openness, renewable electricity consumption, and economic growth in Asia-Pacific countries: Fresh evidence from a bootstrap ARDL approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 133(C).
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    8. Zheng Fang & Jiang Yu, 2020. "The role of human capital in energy-growth nexus: an international evidence," Empirical Economics, Springer, vol. 58(3), pages 1225-1247, March.
    9. Xuan Hoi Bui, 2020. "An Investigation of the Causal Relationship between Energy Consumption and Economic Growth: A Case Study of Vietnam," International Journal of Energy Economics and Policy, Econjournals, vol. 10(5), pages 415-421.
    10. Sanel Halilbegović & Zana Pekmez & Abdul Rehman, 2023. "Modeling the Nexus of Renewable and Non-Renewable Energy Consumption and Economic Progress in Southeastern Europe: A Panel Data Analysis," Sustainability, MDPI, vol. 15(12), pages 1-21, June.
    11. Chaisri Tarasawatpipat & Thammarak Srimarut & Witthaya Mekhum, 2020. "Seeing Domestic and Industrial Logistic in Context of CO2 Emission: Role of Container Port Traffic, Railway Transport, and Air Transport Intensity in Thailand," International Journal of Energy Economics and Policy, Econjournals, vol. 10(5), pages 570-576.
    12. Irwan Shah Zainal Abidin & Muhammad Haseeb & Muhammad Azam & Rabiul Islam, 2015. "Foreign Direct Investment, Financial Development, International Trade and Energy Consumption: Panel Data Evidence from Selected ASEAN Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 5(3), pages 841-850.
    13. Siong, Tang Chung & Kogid, Mori & Alin, James M., 2022. "Asymmetric modeling of fuel consumption in Malaysia," Energy, Elsevier, vol. 239(PA).
    14. Serpil Türkyilmaz, 2018. "Testing the Relationships Among Environmental Pollution, Electricity Consumption, Economic Growth: The Empirical Evidence from Turkey," Sumerianz Journal of Economics and Finance, Sumerianz Publication, vol. 1(2), pages 44-48, 07-2018.
    15. Anthony N. Rezitis & Shaikh Mostak Ahammad, 2015. "The Relationship between Energy Consumption and Economic Growth in South and Southeast Asian Countries: A Panel Vector Autoregression Approach and Causality Analysis," International Journal of Energy Economics and Policy, Econjournals, vol. 5(3), pages 704-715.
    16. Uktam Umurzakov & Bakhodir Mirzaev & Raufhon Salahodjaev & Arletta Isaeva & Shakhnoza Tosheva, 2020. "Energy Consumption and Economic Growth: Evidence from Post-Communist Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 59-65.
    17. 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.
    18. Murad, Wahid & Alam, Md. Mahmudul & Noman, Abu Hanifa Md. & OZTURK, Ilhan, 2019. "Dynamics of technological innovation, energy consumption, energy price and economic growth in Denmark," OSF Preprints 9tkj8, Center for Open Science.
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    More about this item

    Keywords

    Energy consumption; economic growth; causality; panel data; ASEAN countries; Q43;
    All these keywords.

    JEL classification:

    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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