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Economic growth and electricity consumption: MS-VAR and MS-Granger causality analysis

机译:经济增长和电力消耗:MS-VAR和MS-Granger因果关系分析

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摘要

This study estimates the causality relationship between electricity consumption and economic growth by Markov Switching VAR (MS-VAR) method for some emerging countries: Argentina, China, India, Brazil, Mexico, Turkey and South Africa. Knowledge of the direction of causality between electricity consumption and economic growth is of primary importance if appropriate energy policies and energy conservation measures are to be devised. The results from MS-VAR models show that in first, second and third regime, electricity consumption is the Granger cause of the economic growth and economic growth is the Granger cause of the electricity consumption. In sum, we found some evidence of bidirectional Granger causality between the electricity consumption and the economic growth.
机译:本研究通过马尔可夫切换VAR(MS-VAR)方法估计了一些新兴国家(阿根廷,中国,印度,巴西,墨西哥,土耳其和南非)的用电量与经济增长之间的因果关系。如果要制定适当的能源政策和节能措施,那么了解用电量与经济增长之间因果关系的方向至关重要。 MS-VAR模型的结果表明,在第一,第二和第三种制度中,电力消耗是经济增长的格兰杰原因,而经济增长是电力消耗的Granger原因。总而言之,我们发现了电力消耗与经济增长之间存在双向格兰杰因果关系的证据。

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  • 来源
    《OPEC energy review》 |2013年第4期|447-476|共30页
  • 作者

    Melike E. Bildirici;

  • 作者单位

    Department of Economics, Yildiz Technical University, Barbaras Bulvari, 34349, Besiktas/Istanbul, Turkey;

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  • 正文语种 eng
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