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首页> 外文会议>2014 International Conference amp; Utility Exhibition on Green Energy for Sustainable Development >Energy-growth nexus: Evidence from a panel of ASEAN regional forum countries
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Energy-growth nexus: Evidence from a panel of ASEAN regional forum countries

机译：能源与增长的联系：来自东盟地区论坛国家小组的证据

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摘要

Energy plays an important role in economic growth. As a result, the causal nexus between the two has been the central and topical issue in energy economics. The investigation of this causal nexus is important for two reasons. First, government can properly formulate the energy policy. For instance, if it is found the evidence of causality (unidirectional/ bidirectional) between energy consumption and economic growth, then any policy to increase/ decrease energy consumption would have effect on economic growth. Second, it can provide substantial supports to the debate regarding the causal nexus between energy consumption and economic growth. There are many studies relating the causal nexus between energy consumption and economic growth, both at aggregate and disaggregate level. Advancing on earlier work, this paper uses panel vector autoregressive (VAR) model to 26 ASEAN Regional Forum (ARF) countries for examining the causal nexus between electricity consumption and economic growth. Our novel panel-data estimation method allows for more robust estimates by utilizing variation between countries as well as variation over time. The study finds unidirectional causal flows from electricity consumption to economic growth and discusses their implications in the development policy.
机译：能源在经济增长中起着重要作用。结果，两者之间的因果关系一直是能源经济学的中心问题。因果关系的调查很重要，原因有两个。首先，政府可以适当地制定能源政策。例如，如果发现能源消耗与经济增长之间存在因果关系（单向/双向），那么任何增加/减少能源消耗的政策都会对经济增长产生影响。第二，它可以为有关能源消耗与经济增长之间因果关系的辩论提供实质性支持。无论是总体还是总体上，都有许多关于能源消耗与经济增长之间因果关系的研究。在早期工作的基础上，本文采用面板向量自回归（VAR）模型对26个东盟地区论坛（ARF）国家进行了研究，以检验电力消耗与经济增长之间的因果关系。我们新颖的面板数据估算方法可以利用国家之间的差异以及随时间的变化来进行更可靠的估算。该研究发现了从电力消耗到经济增长的单向因果流，并讨论了它们对发展政策的影响。

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