{"title":"能源消费、经济增长和金融发展的因果关系:来自南亚国家的证据","authors":"S. Batool, J. Iqbal, Amanat Ali, Bushra Perveen","doi":"10.56556/jescae.v1i4.319","DOIUrl":null,"url":null,"abstract":"Energy is a challenging and emerging problem in the world. Most South Asian countries have limited means but they cannot utilize a major part of their resources due to the high cost of exploration. However, few countries in this region have sufficient capacity and abundant energy resources to overcome the issues related to energy, but due to several reasons, they are not going to play an effective role in this field. As we know South Asian economies have limited resources and facing energy crises due to these reasons, we conduct research on this region as well. The aim of this study is to examine the relationship between economic growth (GDP), financial development (FD), and energy consumption (ENC) for South Asian countries for the period 1991-2020. For the empirical purpose, panel co-integration approaches are applied. However, the Pooled Mean Group (PMG) long-run result shows that the impact of financial development (FD) and economic growth (GDP) on energy consumption (ENC) is positive and significant. Based on the Vector Error Correction Methodology (VECM) Granger causality results, Conservation Hypothesis holds between the economic growth (GDP) and energy consumption (ENC) in the South Asian Region both in the short-run as well as in the long run. Moreover, the results also indicate that two-way causality exists between financial development (FD) and energy consumption.","PeriodicalId":53187,"journal":{"name":"Journal of Environmental Science and Economics","volume":"35 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"7","resultStr":"{\"title\":\"Causal Relationship between Energy Consumption, Economic Growth, and Financial Development: Evidence from South Asian Countries\",\"authors\":\"S. Batool, J. Iqbal, Amanat Ali, Bushra Perveen\",\"doi\":\"10.56556/jescae.v1i4.319\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Energy is a challenging and emerging problem in the world. Most South Asian countries have limited means but they cannot utilize a major part of their resources due to the high cost of exploration. However, few countries in this region have sufficient capacity and abundant energy resources to overcome the issues related to energy, but due to several reasons, they are not going to play an effective role in this field. As we know South Asian economies have limited resources and facing energy crises due to these reasons, we conduct research on this region as well. The aim of this study is to examine the relationship between economic growth (GDP), financial development (FD), and energy consumption (ENC) for South Asian countries for the period 1991-2020. For the empirical purpose, panel co-integration approaches are applied. However, the Pooled Mean Group (PMG) long-run result shows that the impact of financial development (FD) and economic growth (GDP) on energy consumption (ENC) is positive and significant. Based on the Vector Error Correction Methodology (VECM) Granger causality results, Conservation Hypothesis holds between the economic growth (GDP) and energy consumption (ENC) in the South Asian Region both in the short-run as well as in the long run. Moreover, the results also indicate that two-way causality exists between financial development (FD) and energy consumption.\",\"PeriodicalId\":53187,\"journal\":{\"name\":\"Journal of Environmental Science and Economics\",\"volume\":\"35 1\",\"pages\":\"\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2022-12-30\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"7\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Environmental Science and Economics\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.56556/jescae.v1i4.319\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Environmental Science and Economics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.56556/jescae.v1i4.319","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Causal Relationship between Energy Consumption, Economic Growth, and Financial Development: Evidence from South Asian Countries
Energy is a challenging and emerging problem in the world. Most South Asian countries have limited means but they cannot utilize a major part of their resources due to the high cost of exploration. However, few countries in this region have sufficient capacity and abundant energy resources to overcome the issues related to energy, but due to several reasons, they are not going to play an effective role in this field. As we know South Asian economies have limited resources and facing energy crises due to these reasons, we conduct research on this region as well. The aim of this study is to examine the relationship between economic growth (GDP), financial development (FD), and energy consumption (ENC) for South Asian countries for the period 1991-2020. For the empirical purpose, panel co-integration approaches are applied. However, the Pooled Mean Group (PMG) long-run result shows that the impact of financial development (FD) and economic growth (GDP) on energy consumption (ENC) is positive and significant. Based on the Vector Error Correction Methodology (VECM) Granger causality results, Conservation Hypothesis holds between the economic growth (GDP) and energy consumption (ENC) in the South Asian Region both in the short-run as well as in the long run. Moreover, the results also indicate that two-way causality exists between financial development (FD) and energy consumption.
期刊介绍:
Journal of environmental science and economics (JESCAE), ISSN: 2832-6032 is an open access peer-reviewed journal that considers articles and reviews articles on all aspects of environmental economics.
Aim and Scope
Journal of Environmental Science and Economics is an international scholarly refereed research journal that aims to promote the theory and practice of environmental economics, Sustainability research, technological innovation, and economics. A broad outline of the journal''s scope includes; peer-reviewed original research articles, case, and technical reports, reviews and analyses papers, short communications and notes to the editor, in interdisciplinary information on the practice and status of research in environmental science, sustainability, technological innovations, and economics.
The main aspects of research areas include, but are not limited to; Environmental pollution control and abatement technology, Sustainable and economic Development, sustainable consumption and Sustainability, Environmental and sustainability assessment, transport and fate of pollutants in the environment, concentrations and dispersion of wastes in air, water, and non-point sources pollution, atmospheric pollutants and trace gases, environmental impact assessment, industrial ecology, ecological and human risk assessment; improved energy management and auditing efficiency and environmental standards and criteria.