TITLE

MULTIVARIATE GRANGER CAUSALITY BETWEEN ECONOMIC GROWTH, ELECTRICITY CONSUMPTION, EXPORTS AND REMITTANCE FOR THE PANEL OF THREE SAARC COUNTRIES

AUTHOR(S)
Hossain, Md. Sharif
PUB. DATE
January 2012
SOURCE
European Scientific Journal;Jan2012, Vol. 8 Issue 1, p347
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This paper empirically examines the dynamic causal relationship between economic growth, electricity consumption, export values and remittance for the panel of three SAARC countries using the time series data for the period 1976- 2009. Using four different panel unit root tests it is found that all the panel variables are integrated of order 1. From the Johansen Fisher panel conintegration and Kao tests it is found that all the panel variables are cointegrated. The panel Granger F test results support that there is only bidirectional short-run causal relationship between economic growth and export values but there is no evidence of long-run causal relationship. It is found that the long-run elasticity of economic growth with respect to electricity consumption and remittance are higher than short run elasticity. This means that over time higher electricity consumption and higher remittance from manpower supply in the panel of SAARC countries give rise to more economic growth.
ACCESSION #
78099668

 

Related Articles

  • Multivariate Granger Causality between Economic Growth, Electricity Consumption, Exports and Remittance for the Panel of Three SAARC Countries. Hossain, Sharif // Global Journal of Management & Business Research;Mar2012, Vol. 12 Issue 4, p41 

    This paper empirically examines the dynamic causal relationship between economic growth, electricity consumption, export values and remittance for the panel of three SAARC countries using the time series data for the period 1976- 2009. Using four different panel unit root tests it is found that...

  • Energy Consumption and Economic Growth: A Case Study of Three SAARC Countries. Imran, Kashif; Siddiqui, Masood Mashkoor // European Journal of Social Sciences;Sep2010, Vol. 16 Issue 2, p206 

    Energy is a crucial component to economic growth and plays a vital role in economic development. This study inquires the causal relationships between energy consumption (EC) and the economic growth (EG) within a multivariate framework that includes capital stock and labor input for the panel of...

  • SAARC most energy poor region in the world: IWCCI.  // Flare (Pakistan);Aug2013, p67 

    The article reports on the statement made by the Islamabad Women's Chamber of Commerce and Industry (IWCCI) regarding South Asian Association for Regional Cooperation (SAARC) and refers its as the most energy deficient region in the world.

  • Private sector has a key role in formulation of business-driven policies.  // FICCI Business Digest;Feb2014, Vol. 10 Issue 11, p14 

    The article informs that trade policy makers from member nations of South Asian Association for Regional Cooperation (SAARC) in the 5th SAARC Businesss Leaders Conference stressed the need for private sector involvement in government decision-making to facilitate business-to-business (B2B)...

  • Impact of Military Expenditure and Economic Growth on External Debt: New Evidence from a Panel of SAARC Countries. Khalid Zaman; Iqtidar Ali Shah; Muhammad Mushtaq Khan; Ahmad, Mehboob // Journal of Economic & Social Studies (JECOSS);Jul2013, Vol. 3 Issue 2, p131 

    Tis paper examines the impact of military expenditure and economic growth on external debt for a panel of fve selected sAArc countries including Bangladesh, India, nepal, Pakistan and srilanka, over the period of 1988-2008. using Pedroni's (2004) test for panel cointegration, it was found that...

  • Does Energy Consumption Cause Economic Growth? Empirical Evidence From Tunisia. Landolsi, Monia; Rejeb, Jaleleddine Ben // Australian Journal of Basic & Applied Sciences;2011, Vol. 5 Issue 12, p3155 

    The goal of this paper is to study the relationship between energy consumption and economic growth in Tunisia over the period 1971-2009. This study employs unit root tests, the augmented Dickey Fuller, Johensen Cointegration tests and Granger causality test within Error Correction Model. This...

  • Energy Consumption, Economic Growth, Trade and Financial Development Nexus in South Asia. Abubakar Siddique, Hafiz Muhammad; Majeed, Muhammad Tariq // Pakistan Journal of Commerce & Social Sciences;2015, Vol. 9 Issue 2, p658 

    This study contributes to the literature by exploring the impact of energy consumption, trade and financial development on growth in five South Asian countries over 1980-2010. The panel co-integration approach is employed to examine the long run association and granger causality analysis for...

  • Link between Economic Growth and Energy Consumption in Over 90 Countries. Farhani, Sahbi; Rejeb, Jaleleddine Ben // Interdisciplinary Journal of Contemporary Research in Business;Mar2012, Vol. 3 Issue 11, p282 

    This paper studies the relationship between economic growth (GDP) and energy consumption (EC) by using panel data for 95 countries from 1971 to 2008. The World Bank classification helps us to divide our 95 countries into four income groups of countries: low income group, lower-middle income...

  • Financial Development and Energy Consumption: Empirical Evidence from Pakistan. Kakar, Zaheer Khan; Khilji, Bashir Ahmad; Khan, Muhammad Jawad // International Journal of Trade, Economics & Finance;Dec2011, Vol. 2 Issue 6, p469 

    Even though a number of studies have attempted to determine the relationship between energy consumption and economic growth role of financial development has not been considered for efficient energy consumption. At present Pakistan is coping with a serious energy problem. This paper attempts to...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics