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首页> 外文期刊>International Journal of Energy Sector Management >Economic growth,renewable and nonrenewable energy consumption nexus in India: Evidences from nonlinear ARDL approach and asymmetric causality analysis
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Economic growth,renewable and nonrenewable energy consumption nexus in India: Evidences from nonlinear ARDL approach and asymmetric causality analysis

机译：印度经济增长，可再生和不可再生能源消费Nexus：非线性ARDL方法和非对称因果关系分析的证据

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Purpose-The purpose of this paper is to examine the nexus among economic growth,nonrenewable energy consumption and renewable energy consumption in India over the period 1971-2017.Design/methodology/approach-This study uses nonlinear autoregressive distributed lags model and asymmetric causality test to explore nonlinearities in the dynamic interaction among the variables.Findings-The findings indicate that the impact of nonrenewable energy consumption and renewable energy consumption on the economic growth is asymmetric in both long run and short run. In long run,a positive shock in nonrenewable energy consumption and renewable energy consumption exerts a positive impact on growth. However,the negative shocks in nonrenewable energy consumption produce larger negative effects on the growth. The results of nonlinear causality test indicate a unidirectional causality from nonrenewable energy consumption and renewable energy consumption to economic growth and thus support "growth hypothesis" in context of India.Practical implications-The findings imply that policy measures to discourage nonrenewable energy consumption may produce deflationary effects on economic growth in India. Further,the findings demonstrate the potential role of renewable energy consumption in promoting economic growth.Originality/value-To the best of the authors' knowledge,this study is the first attempt to explore nonlinearities in the relationship between economic growth and the components of energy consumption in terms of renewable and nonrenewable energy consumption.
机译：目的 - 本文的目的是在1971 - 2017年期间审查经济增长，不可再生能源消耗和可再生能源消费的Nexus .Design/Methodology/ApproChis-这项研究使用非线性归类分布式滞后模型和不对称因果关系测试为了探索变量之间的动态交互中的非线性。 - 研究结果表明，在长期奔跑和短期运行中，不良能量消耗和可再生能源消耗的影响是不对称的。长期以来，不可再生能源消耗和可再生能源消耗的积极冲击对增长产生积极影响。然而，非更新能源消耗中的负面冲击对生长产生了更大的负面影响。非线性因果态测试结果表明，从不可再生的能源消费和可再生能源消费到经济增长的单向因果关系，从而支持印度背景中的“成长假说”。实际意义 - 发现令人沮丧的政策措施可能会产生排气对印度经济增长的影响。此外，调查结果表明，可再生能源消费在促进经济增长方面的潜在作用。这项研究是促进作者的知识的最佳选择，是第一次尝试探索经济增长与能源部件之间关系中的非线性的企图在可再生和不可再生能源消耗方面消费。

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