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Electricity consumption and economic growth nexus in Zimbabwe revisited: fresh evidence from Maki cointegration

机译:津巴布韦的电力消费与经济增长关系再次得到关注:马基币整合的新证据

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This study explores the relationship between electricity consumption, real gross domestic product per capita and carbon dioxide emissions in Zimbabwe. To achieve this, the study set off by examining the stationarity properties of the variables under review with the Zivot-Andrews (1992) unit root test that accounts for a single structural break. Subsequently, Maki (2012) cointegration test, which accounts for multiple structural breaks, is applied for equilibrium relationship between the variables under review while the long run regression of dynamic ordinary least square (DOLS) is employed for long-run coefficients as estimation procedures. In order to account for the direction of causality flow, the Toda-Yamamoto (1995) causality test is used for annual frequency data set spanning from 1971-2014. Empirical evidence from the Maki cointegration test shows that there exists a long-run equilibrium relationship between electricity consumption, carbon dioxide emissions and real gross domestic product per capita over the sampled period. The long-run regression suggests that there exist a positive statistically significant relationship between real income and electricity consumption. Thus, corroborating the electricity-led growth hypothesis. This result is supported by the causality test, as one-way causality is observed running from electricity consumption to real gross domestic product. Thus, this is suggestive to government administrators and policymakers that the Zimbabwean economy is electricity dependent. However, there is a tradeoff for environmental quality. As the increase in electricity consumption increases carbon dioxide emissions. The need for diversification of Zimbabwe energy portfolio to cleaner and environmentally friendly energy sources is recommended, given the world global consciousness for cleaner energy consumption.
机译:这项研究探讨了津巴布韦的电力消耗,人均实际国内生产总值和二氧化碳排放之间的关系。为了达到这个目的,这项研究通过使用Zivot-Andrews(1992)的单位根检验来检验所审查变量的平稳特性,该检验说明了单个结构性断裂。随后,将考虑了多个结构性断裂的Maki(2012)协整检验用于所考察变量之间的平衡关系,而将动态普通最小二乘法(DOLS)的长期回归用于长期系数作为估计程序。为了说明因果关系流动的方向,将Toda-Yamamoto(1995)因果关系检验用于1971年至2014年的年度频率数据集。 Maki协整检验的经验证据表明,在抽样期内,电力消耗,二氧化碳排放量与人均实际国内生产总值之间存在长期的均衡关系。长期回归表明,实际收入与用电量之间存在正相关的统计显着性关系。因此,证实了以电为基础的增长假说。该结果得到因果关系检验的支持,因为观察到从电力消耗到实际国内生产总值的单向因果关系。因此,这向政府行政人员和决策者暗示了津巴布韦的经济依赖电力。但是,要权衡环境质量。随着电力消耗的增加,二氧化碳排放量也增加。考虑到全球对清洁能源消耗的全球意识,建议津巴布韦将能源组合多样化,以使用更清洁和环保的能源。

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