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Electricity Consumption and Economic Growth in BRI Countries: Panel Causality and Policy Implications

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  • Haonan Zhang
  • Xingping Zhang
  • Changhong Zhao
  • Jiahai Yuan

Abstract

The purpose of this study is to estimate the relationships between electricity consumption and economic growth in 45 BRI countries during 1990–2015. The empirical results indicate that there are unidirectional short-run and long-run causality relationships running from economic growth to electricity consumption in all-countries and low and medium-income countries. A unidirectional long-run causality running from economic growth to electricity consumption is observed for high-income countries and the bi-directional short-run causality is found in OPEC countries. In the future, green power cooperation with consideration of host country conditions and environmental constraints should be promoted in BRI countries.

Suggested Citation

  • Haonan Zhang & Xingping Zhang & Changhong Zhao & Jiahai Yuan, 2021. "Electricity Consumption and Economic Growth in BRI Countries: Panel Causality and Policy Implications," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 57(3), pages 859-874, February.
  • Handle: RePEc:mes:emfitr:v:57:y:2021:i:3:p:859-874
    DOI: 10.1080/1540496X.2019.1601551
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    Cited by:

    1. Chang, Tsangyao & Hsu, Chen-Min & Chen, Sheng-Tung & Wang, Mei-Chih & Wu, Cheng-Feng, 2023. "Revisiting economic growth and CO2 emissions nexus in Taiwan using a mixed-frequency VAR model," Economic Analysis and Policy, Elsevier, vol. 79(C), pages 319-342.

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