scholarly journals The Impacts of Energy Consumption, Energy Prices and Energy Import-Dependency on Gross and Sectoral Value-Added in Sri Lanka

Energies ◽  
2020 ◽  
Vol 13 (24) ◽  
pp. 6565
Author(s):  
Muntasir Murshed ◽  
Haider Mahmood ◽  
Tarek Tawfik Yousef Alkhateeb ◽  
Mohga Bassim
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Sri Lanka ◽  
Structural Break ◽  
Value Added ◽  
Oil Price ◽  
Policy Implications ◽  
Energy Prices ◽  
Total Energy Consumption ◽  
Consumption Energy

Drifting away from the neoclassical growth conjecture of economic growth being solely dependent on capital and labor inputs, this paper aimed to evaluate the dynamic impacts of energy consumption, energy prices and imported energy-dependency on both gross and sectoral value-added figures of Sri Lanka. The analysis has particularly used the robust econometric methods that can account for structural break issues in the data. The results, in a nutshell, indicated that energy consumption homogeneously contributes to gross, agricultural, industrial and services value-additions in Sri Lanka. However, positive oil price shocks and greater shares of imported energy in the total energy consumption figures are found to dampen the growth figures, especially in the context of the gross, industrial and services value additions. Besides, the joint growth-inhibiting impacts of oil price movements and energy import-dependency are also ascertained. On the other hand, the causality estimates reveal bidirectional causal associations between energy consumption-gross value-added and energy consumption-industrial value-added. In contrast, no causal impact of energy consumption on the agricultural and services value-added is evidenced. Hence, these findings impose key policy implications for constructing crucial energy policy reforms to make sure that the economic growth performances of Sri Lanka are sustained in the future.

scholarly journals The Financial Development-Renewable Energy Consumption Nexus in the Case of Azerbaijan

Energies ◽  
2020 ◽  
Vol 13 (23) ◽  
pp. 6265
Author(s):  
Shahriyar Mukhtarov ◽  
Sugra Humbatova ◽  
Natig Gadim-Oglu Hajiyev ◽  
Sannur Aliyev
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Financial Development ◽  
Time Series Data ◽  
Policy Implications ◽  
Small Samples ◽  
Series Data ◽  
Energy Prices ◽  
Renewable Energy Consumption

This article analyzed the relationship between financial development, renewable energy consumption, economic growth, and energy prices in Azerbaijan by employing time series data for the time span of 1993–2015. The autoregressive distributed lagged (ARDL) technique was applied in empirical estimations, because it performs better than all the alternative techniques in small samples, which was the case here in this article. The results of estimation found that there is a positive and statistically significant influence of financial development and economic growth on renewable energy consumption, whereas the prices of energy proxied by CPI have an adverse impact on renewable energy consumption in Azerbaijan. Also, estimation results demonstrated that a 1% rise in financial development, proxied by domestic credit as a percentage of GDP, and economic growth increase renewable energy consumption by 0.16% and 0.60%, respectively. The different financial development impacts on renewable energy consumption and related policy implications were also introduced.

Energy Saving and Economic Growth: Empirical Analysis Based on Panel Data

2013 ◽  
Vol 805-806 ◽  
pp. 591-594
Author(s):  
Dong Heng Hao ◽  
Guo Zhu Li ◽  
Dian Ru Wang
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Panel Data ◽  
Energy Saving ◽  
Information Disclosure ◽  
Industrial Structure ◽  
Electricity Consumption ◽  
Value Added ◽  
Energy Prices ◽  
Participation Mechanisms

we analyzed the relationship between energy conservation and economic using panel data. the reduction of energy consumption per unit of GDP and energy consumption per unit of industrial value-added will promote economic growth, however, lower electricity consumption per unit of GDP may inhibit economic growth. Finally, this article puts forward corresponding suggestions, including improving the relevant laws and regulations, speeding up the energy saving information disclosure, improving public participation mechanisms, speeding up the adjustment of industrial structure and technological innovations, and promoting the reform of energy prices.

scholarly journals A PANEL DYNAMIC ANALYSIS ON ENERGY CONSUMPTION, ENERGY PRICES AND ECONOMIC GROWTH IN NEXT 11 COUNTRIES

2020 ◽  
Vol 10 (6) ◽  
pp. 87-99
Author(s):  
Jannatul Ferdaus ◽  
Bismark Kusi Appiah ◽  
Shapan Chandra Majumder ◽  
Anouba Acha Arnaud Martial
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Dynamic Analysis ◽  
Energy Prices ◽  
Consumption Energy

The relationship between energy consumption, energy prices and economic growth: case study (OPEC countries)

2012 ◽  
Vol 36 (3) ◽  
pp. 272-286 ◽  
Author(s):  
Abbasinejad Hossein ◽  
Gudarzi Farahani Yazdan ◽  
Asghari Ghara Ehsan
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Energy Prices ◽  
Consumption Energy ◽  
The Relationship

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.

Are Crypto-Assets Green Enough? – An analysis of draft EU Regulation on markets in crypto assets from the perspective of the European Green Deal

2021 ◽  
Vol 67 (2) ◽  
pp. 237-250
Author(s):  
Emanuel Wanat
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Resource Use ◽  
Growth Strategy ◽  
Environmental Footprint ◽  
Current Effect ◽  
Consensus Protocol ◽  
Consumption Energy ◽  
Competitive Economy ◽  
The Eu

In 2019 European Commission announced “The European Green Deal” a “a new growth strategy that aims to transform the EU into a fair and prosperous society, with a modern, resource-efficient and competitive economy where there are no net emissions of greenhouse gases in 2050 and where economic growth is decoupled from resource use”. The digital sector must also participate in the Green Deal effort. This articles analyzes questions of sustainability in the context of crypto assets, with particular emphasis on the question of whether Bitcon acutally represent a crypto asset, energy consumption, energy drain, the proof-of-work consensus protocol, the environmental footprint of crypto assets. The article concludes that Bitcoin’s current effect on environment remains controversial at best.

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