Energy–Gdp Relationship: A Causal Analysis For The Five Countries Of South Asia
We investigate the causal relationship between GDP and different types of energy consumption for the five South Asian Countries; Pakistan, India, Sri Lanka, Bangladesh and Nepal by using Error Correction Model and Toda and Yamamoto(1995) approach. For Pakistan evidence shows that there is unidirectional Granger causality running from coal to GDP, and unidirectional Granger causality running from GDP to electricity consumption and total energy consumption. For India no causality in either direction between GDP and different energy consumption is detected. For Sri Lanka there is unidirectional Granger causality running from GDP to electricity consumption and total energy consumption. For Bangladesh unidirectional Granger causality is detected from GDP to electricity consumption and from gas consumption to GDP. For Nepal causal direction is from petroleum to GDP.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 8 (2008)
Issue (Month): 1 ()
|Contact details of provider:|| Web page: http://www.usc.es/economet/eaa.htm|
|Order Information:|| Web: http://www.usc.es/economet/info.htm Email: |
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Nabeel Al-Loughani & David Chappell, 1997. "On the validity of the weak-form efficient markets hypothesis applied to the London stock exchange," Applied Financial Economics, Taylor & Francis Journals, vol. 7(2), pages 173-176.
- Balvers, Ronald J & Cosimano, Thomas F & McDonald, Bill, 1990. " Predicting Stock Returns in an Efficient Market," Journal of Finance, American Finance Association, vol. 45(4), pages 1109-28, September.
- Bollerslev, Tim, 1987. "A Conditionally Heteroskedastic Time Series Model for Speculative Prices and Rates of Return," The Review of Economics and Statistics, MIT Press, vol. 69(3), pages 542-47, August.
- Bollerslev, Tim, 1986.
"Generalized autoregressive conditional heteroskedasticity,"
Journal of Econometrics,
Elsevier, vol. 31(3), pages 307-327, April.
- Tim Bollerslev, 1986. "Generalized autoregressive conditional heteroskedasticity," EERI Research Paper Series EERI RP 1986/01, Economics and Econometrics Research Institute (EERI), Brussels.
- Bollerslev, Tim & Chou, Ray Y. & Kroner, Kenneth F., 1992. "ARCH modeling in finance : A review of the theory and empirical evidence," Journal of Econometrics, Elsevier, vol. 52(1-2), pages 5-59.
- Orazio P. Attanasio, 1991. "Risk, Time-Varying Second Moments and Market Efficiency," Review of Economic Studies, Oxford University Press, vol. 58(3), pages 479-494.
When requesting a correction, please mention this item's handle: RePEc:eaa:aeinde:v:8:y:2008:i:1_14. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (M. Carmen Guisan)
If references are entirely missing, you can add them using this form.