Electricity consumption and GDP nexus in Bangladesh: a time series investigation
Purpose The purpose of this paper is to assess the empirical cointegration, long-run and short-run dynamics as well as causal relationship between electricity consumption and real GDP in Bangladesh for the period of 1971‒2014. Design/methodology/...
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University of Economics Ho Chi Minh City
2023
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| Truy cập trực tuyến: | https://www.emerald.com/insight/content/doi/10.1108/JABES-04-2019-0029/full/html http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115423 |
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oai:scholar.dlu.edu.vn:DLU123456789-1154232023-03-08T03:56:04Z Electricity consumption and GDP nexus in Bangladesh: a time series investigation Dey, Sima Rani Tareque, Mohammed Purpose The purpose of this paper is to assess the empirical cointegration, long-run and short-run dynamics as well as causal relationship between electricity consumption and real GDP in Bangladesh for the period of 1971‒2014. Design/methodology/approach Autoregressive Distributed lag (ARDL) “Bound Test” approach is employed for the investigation in this study. Findings Both short-run and long-run coefficients are providing strong evidence of having positive significant association between electricity consumption and GDP. Our long-run results remain robust to different measurements and estimators as well. The study reveals the unidirectional causal flow running from per capita electricity consumption to per capita real GDP in the short run. The study result also yields strong evidence of bidirectional causal relationship between per capita electricity consumption and per capita real GDP in the long run with feedback. It is suggested that both electricity generation and conservation policy will be effective for Bangladesh economy. Originality/value In prior studies, lack of causality between electricity consumption and GDP is due to the omitted variables. Combined effects of public spending and trade openness on GDP and electricity consumption are also considerable. 2023-03-08T03:56:04Z 2023-03-08T03:56:04Z 2019 Article 2515-964X https://www.emerald.com/insight/content/doi/10.1108/JABES-04-2019-0029/full/html http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115423 10.1108/JABES-04-2019-0029 en Journal of Asian Business and Economic Studies, Volume 27, Issue 1; p. 35-48 application/pdf University of Economics Ho Chi Minh City |
| institution |
Thư viện Trường Đại học Đà Lạt |
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Thư viện số |
| language |
English |
| description |
Purpose The purpose of this paper is to assess the empirical cointegration, long-run and short-run dynamics as well as causal relationship between electricity consumption and real GDP in Bangladesh for the period of 1971‒2014. Design/methodology/approach Autoregressive Distributed lag (ARDL) “Bound Test” approach is employed for the investigation in this study. Findings Both short-run and long-run coefficients are providing strong evidence of having positive significant association between electricity consumption and GDP. Our long-run results remain robust to different measurements and estimators as well. The study reveals the unidirectional causal flow running from per capita electricity consumption to per capita real GDP in the short run. The study result also yields strong evidence of bidirectional causal relationship between per capita electricity consumption and per capita real GDP in the long run with feedback. It is suggested that both electricity generation and conservation policy will be effective for Bangladesh economy. Originality/value In prior studies, lack of causality between electricity consumption and GDP is due to the omitted variables. Combined effects of public spending and trade openness on GDP and electricity consumption are also considerable. |
| format |
Article |
| author |
Dey, Sima Rani Tareque, Mohammed |
| spellingShingle |
Dey, Sima Rani Tareque, Mohammed Electricity consumption and GDP nexus in Bangladesh: a time series investigation |
| author_facet |
Dey, Sima Rani Tareque, Mohammed |
| author_sort |
Dey, Sima Rani |
| title |
Electricity consumption and GDP nexus in Bangladesh: a time series investigation |
| title_short |
Electricity consumption and GDP nexus in Bangladesh: a time series investigation |
| title_full |
Electricity consumption and GDP nexus in Bangladesh: a time series investigation |
| title_fullStr |
Electricity consumption and GDP nexus in Bangladesh: a time series investigation |
| title_full_unstemmed |
Electricity consumption and GDP nexus in Bangladesh: a time series investigation |
| title_sort |
electricity consumption and gdp nexus in bangladesh: a time series investigation |
| publisher |
University of Economics Ho Chi Minh City |
| publishDate |
2023 |
| url |
https://www.emerald.com/insight/content/doi/10.1108/JABES-04-2019-0029/full/html http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115423 |
| _version_ |
1765278098823053312 |