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Energy Consumption, Economic Growth and Trade Balance in East Asia: A Panel Data Approach

Author

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  • Tran, T.N.
  • Nguyen, Thu Thuy
  • Nguyen, V.C.
  • Vu, T.T.H.

Abstract

The purpose of this work is to study the effects energy consumption, economic growth and trade balance in the East Asian countries. Using a panel data analysis in the period over 1996-2015, the study analyzes based on the methods of fixed, random effects, and pooled ordinary least squares. The data were collected from World Development Indicators, Department of Statistics in relevant countries used in the study. Our results demonstrate that energy consumption has negatively affected trade balance while economic growth that can negatively affect the balance of trade but insignificant. Further, the prime factors that can significantly impact trade balance are exports, exchange rates and development level. Both exports and exchange rates have positive and significant impacted on trade balance. Finally, a country with a higher level of domestic income will certainly perform a higher level of trade balance.

Suggested Citation

  • Tran, T.N. & Nguyen, Thu Thuy & Nguyen, V.C. & Vu, T.T.H., 2020. "Energy Consumption, Economic Growth and Trade Balance in East Asia: A Panel Data Approach," OSF Preprints rd6kv, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:rd6kv
    DOI: 10.31219/osf.io/rd6kv
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    Cited by:

    1. Liurong Pan & Asad Amin & Nian Zhu & Abbas Ali Chandio & Eric Yaw Naminse & Aadil Hameed Shah, 2022. "Exploring the Asymmetrical Influence of Economic Growth, Oil Price, Consumer Price Index and Industrial Production on the Trade Deficit in China," Sustainability, MDPI, vol. 14(23), pages 1-22, November.
    2. Nguyen, V.C. & Nguyen, Thu Thuy & Nguyen, Huu Tinh, 2020. "Government Ability, Bank-Specific Factors and Profitability - An insight from banking sector of Vietnam," OSF Preprints 9dcqp, Center for Open Science.
    3. Thu Thuy Nguyen & Van Chien Nguyen, 2021. "Financial Development and Renewables in Southeast Asian Countries—The Role of Organic Waste Materials," Sustainability, MDPI, vol. 13(16), pages 1-18, August.
    4. Muhammad Fikry Hadi & Muhammad Hidayat & Dwi Widiarsih & Neng Murialti, 2021. "The Role of Electricity and Energy Consumption Influences Industrial Development between Regions in Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 11(3), pages 403-408.
    5. Dao, Kieu Oanh & Nguyen, V.C. & Dinh, Si Tri Nhan, 2020. "Real Effective Exchange Rate, Broad Money Supply, and Trade Balance in Vietnam: An Empirical Analysis from Bounds Test to a Cointegration Approach," OSF Preprints ze89s, Center for Open Science.
    6. Bui, Thi Tam & Vu, T.T.H. & Le, Q.H. & Pham, Trong Luong & Nguyen, T.M.A. & Luu, T.D. & Le, Thi Thuy An & Nguyen, V.C., 2020. "Application of Project-based Learning for Primary Teachers - A New Direction in Professional Training at Pedagogical Universities and Colleges in Vietnam," OSF Preprints xg8tp, Center for Open Science.
    7. Sarfraz Hussain & Van Chien Nguyen & Quang Minh Nguyen & Huu Tinh Nguyen & Thu Thuy Nguyen, 2021. "Macroeconomic factors, working capital management, and firm performance—A static and dynamic panel analysis," Palgrave Communications, Palgrave Macmillan, vol. 8(1), pages 1-14, December.
    8. Nguyen, T.M.A. & Hoang, T.T. & Le, T.T.A. & Luu, T.D. & Le, Q.H. & Nguyen, T.T.H. & Nguyen, V.C., 2020. "Developing the competence of organizing experiential activities for pre-service teachers – The case in Vietnam," OSF Preprints 3hfsu, Center for Open Science.

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