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Revisiting the relationship between energy consumption and economic growth nexus in Vietnam: new evidence by asymmetric ARDL cointegration

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  • Nguyen Minh Ha
  • Bui Hoang Ngoc

Abstract

Energy is an essential resource for economic development. The study employed the asymmetric ARDL cointegration approach to investigate the impact of energy consumption on economic growth for Vietnam during the period 1971-2017. The finding of the study is that the effects of electricity consumption on economic growth are asymmetric in both the short- and long-run, and the negative changes have a greater effect than the positive changes. At the same time, the impact of petroleum consumption on economic growth is asymmetric in the long-run, and the positive changes have a greater effect than the negative changes. The causality test also indicates the existence of bi-directional causality between energy consumption and economic growth, supported the Feedback hypothesis. Several policy implications are suggested from the obtained result findings.

Suggested Citation

  • Nguyen Minh Ha & Bui Hoang Ngoc, 2021. "Revisiting the relationship between energy consumption and economic growth nexus in Vietnam: new evidence by asymmetric ARDL cointegration," Applied Economics Letters, Taylor & Francis Journals, vol. 28(12), pages 978-984, July.
    • Handle: RePEc:taf:apeclt:v:28:y:2021:i:12:p:978-984
    DOI: 10.1080/13504851.2020.1789543
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    Citations

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    Cited by:

    1. Nyiko Worship Hlongwane & Olebogeng David Daw, 2023. "Electricity Trade and Economic Growth in South Africa," International Journal of Energy Economics and Policy, Econjournals, vol. 13(5), pages 355-364, September.
    2. 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.
    3. Nyiko Worship Hlongwane & Olebogeng David Daw, 2023. "Electricity Consumption and Population Growth in South Africa: A Panel Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 13(3), pages 374-383, May.
    4. Hlongwane, Nyiko Worship & Daw, Olebogeng David, 2022. "Renewable electricity consumption and economic growth: A comparative study of South Africa and Zimbabwe," MPRA Paper 115154, University Library of Munich, Germany, revised 24 Oct 2022.
    5. Hlongwane, Nyiko Worship & Daw, Olebogeng David, 2022. "Electricity consumption and population growth in South Africa: A panel approach," MPRA Paper 113828, University Library of Munich, Germany.
    6. Qusai Mohammad Qasim Alabed & Fathin Faizah Said & Zulkefly Abdul Karim & Mohd Azlan Shah Zaidi & Mohammed Daher Alshammary, 2021. "Energy–Growth Nexus in the MENA Region: A Dynamic Panel Threshold Estimation," Sustainability, MDPI, vol. 13(22), pages 1-18, November.
    7. Nyiko Worship Hlongwane & Olebogeng David Daw, 2023. "Renewable Electricity Consumption and Economic Growth: A Comparative Study of South Africa and Zimbabwe," International Journal of Energy Economics and Policy, Econjournals, vol. 13(3), pages 197-206, May.
    8. Ngo Thai Hung, 2023. "Causal relationship between globalization, economic growth and CO2 emissions in Vietnam using Wavelet analysis," Energy & Environment, , vol. 34(7), pages 2386-2412, November.

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