IDEAS home Printed from https://ideas.repec.org/a/rnd/arjebs/v4y2012i5id2403.html

Panel Cointegration and Pooled Mean Group Estimations of Energy-Output Dynamics in South Asia

Author

Listed:
  • Anupam Das
  • Murshed Chowdhury
  • Muhammad Akhtaruzzaman

Abstract

This study employs the panel cointegration and pooled mean group (PMG) techniques to examine the long run relationships between energy consumption and GDP for 5 South Asian countries from 1981 to 2009. Unit root and panel cointegration tests find a long run relationship between energy consumption and GDP after allowing for country-specific effect. Furthermore, we use the PMG technique to identify the magnitude of this relationship. Our results are consistent with the theory that suggests a role of energy use in GDP. On average, a 1% increase in energy consumption leads to a 0.61% increase in the long run GDP in South Asia from 1981 to 2009. Hence, it is apparent that energy is an important component to maintain the economic activities in these countries. These results have important implications for policy makers of South Asian countries which have experienced magnificent growth performance along with a sharp rise in consumption demand for energy in last few decades.

Suggested Citation

  • Anupam Das & Murshed Chowdhury & Muhammad Akhtaruzzaman, 2012. "Panel Cointegration and Pooled Mean Group Estimations of Energy-Output Dynamics in South Asia," Journal of Economics and Behavioral Studies, AMH International, vol. 4(5), pages 277-286, May.
    • Handle: RePEc:rnd:arjebs:v:4:y:2012:i:5:id:2403
    DOI: 10.22610/jebs.v4i5.328
    as

    Download full text from publisher

    File URL: https://amhinternational.com/jebs/article/view/2403-panel-cointegration-and-pooled-mean-group-estimations-of-energy-output-dynamics-in-south-asia
    File Function: Abstract page
    Download Restriction: no
    File URL: https://amhinternational.com/jebs/article/download/2403-panel-cointegration-and-pooled-mean-group-estimations-of-energy-output-dynamics-in-south-asia/58a00a17-353d-4eca-ac8a-854896724f2c
    File Function: Full text
    Download Restriction: no
    File URL: https://libkey.io/10.22610/jebs.v4i5.328?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnd:arjebs:v:4:y:2012:i:5:id:2403. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AMH International (email available below). General contact details of provider: https://amhinternational.com/jebs .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.