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Interactions between energy and imports in Singapore: Empirical evidence from conditional error correction models

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  • Turan Katircioglu, Salih

Abstract

This study empirically tests for long-run equilibrium relationship and the direction of causality between imports and energy consumption in Singapore. The results of the present study reveal that a long-run equilibrium relationship exists between import growth and energy consumption growth in Singapore by using bivariate systems. Imports of Singapore converge to long-term equilibrium levels by 79.9 percent speed of adjustment through the channel of energy growth. Furthermore, the major finding of this study is that there are long- and short-term undirectional causalities that run from energy growth to import growth in Singapore, which denote that energy consumption in Singapore is a catalyst for importing.

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  • Turan Katircioglu, Salih, 2013. "Interactions between energy and imports in Singapore: Empirical evidence from conditional error correction models," Energy Policy, Elsevier, vol. 63(C), pages 514-520.
  • Handle: RePEc:eee:enepol:v:63:y:2013:i:c:p:514-520
    DOI: 10.1016/j.enpol.2013.08.037
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    Cited by:

    1. Shahbaz, Muhammad & Mallick, Hrushikesh & Mahalik, Mantu Kumar & Sadorsky, Perry, 2016. "The role of globalization on the recent evolution of energy demand in India: Implications for sustainable development," Energy Economics, Elsevier, vol. 55(C), pages 52-68.
    2. Shahbaz, Muhammad & Nasreen, Samia & Ling, Chong Hui & Sbia, Rashid, 2014. "Causality between trade openness and energy consumption: What causes what in high, middle and low income countries," Energy Policy, Elsevier, vol. 70(C), pages 126-143.
    3. Kyophilavong, Phouphet & Shahbaz, Muhammad & Anwar, Sabeen & Masood, Sameen, 2015. "The energy-growth nexus in Thailand: Does trade openness boost up energy consumption?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 46(C), pages 265-274.
    4. Jiranyakul, Komain, 2014. "Energy use-trade nexus: what does the data set say for Thailand?," MPRA Paper 55984, University Library of Munich, Germany.
    5. Carfora, Alfonso & Romano, Antonio A. & Ronghi, Monica & Scandurra, Giuseppe, 2017. "Renewable generation across Italian regions: Spillover effects and effectiveness of European Regional Fund," Energy Policy, Elsevier, vol. 102(C), pages 132-141.

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    Keywords

    Energy consumption; Imports; Singapore;

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