Spatial effects of economic growth, energy consumption and environmental pollution in the provinces of China—An empirical study of a spatial econometrics model

2020 ◽  
Vol 28 (4) ◽  
pp. 868-879 ◽  
Author(s):  
Jie Zhang ◽  
Ke Zhang ◽  
Feng Zhao
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Empirical Study ◽  
Environmental Pollution ◽  
Spatial Econometrics ◽  
Spatial Effects ◽  
Growth Energy

The Nexus between Financial Development, Economic Growth and Energy Consumption in India: A VECM Technique

2020 ◽  
pp. 602-612
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Financial Development ◽  
Consumer Price Index ◽  
Development Economic ◽  
Energy Prices ◽  
Vector Error Correction ◽  
Percent Increase ◽  
Growth Energy ◽  
The Impact

The demand for energy consumption requires efficient financial development in terms of bank credit. Therefore, this study examines the nexus between Financial Development, Economic Growth, Energy Prices and Energy Consumption in India, utilizing Vector Error Correction Model (VECM) technique to determine the nature of short and long term relationships from 2010 to 2019. The estimation of results indicates that a one percent increase in bank credits to private sector results in 0.10 percent increase in energy consumption and 0.28 percent increase in energy consumption responses to 1 percent increase in economic growth. It is also observed that the impact of energy price proxied by consumer price index is statistically significant with a negative sign indicating the consistency with the theory.

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