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Trivariate modelling of the nexus between electricity consumption, urbanization and economic growth in Nigeria: Fresh insights from Maki cointegration and causality tests
Nathaniel, Solomon P.; Uzuner, Gizem; Bekun, Festus Victor - 2020
In this era of intensive electricity utilization for economic development, the role of urbanization remains … electricity consumption-driven economic growth. This is desirable as Nigeria is heavily dependent on energy (electricity …) consumption. A unidirectional causality from urbanization to electricity consumption and economic growth was found but the long …
Persistent link: https://www.econbiz.de/10012389165
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Energy Consumption and Economic Growth – New Insights into the Cointegration Relationship
Belke, Ansgar; Dreger, Christian; de Haan, Frauke - 2010
-run relationship. Indeed, cointegration between the common components of the underlying variables indicates that international … Langfristbeziehung differenziert werden. In der Tat deutet Kointegration zwischen den gemeinsamen Faktoren der zugrundeliegenden …. Kausalitätstests ergeben eine bidirektionale kausale Beziehung zwischen Energieverbrauch und Wirtschaftswachstum. …
Persistent link: https://www.econbiz.de/10010273561
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Energy consumption and economic growth: New insights into the cointegration relationship
Belke, Ansgar; Dreger, Christian; de Haan, Frauke - 2010
-run relationship. Indeed, cointegration between the common components of the underlying variables indicates that international …
Persistent link: https://www.econbiz.de/10010274071
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The Electricity Consumption and Economic Growth Nexus in Pakistan: A New Evidence
Atif, Syed Muhammad; Siddiqi, Muhammad Wasif - 2010
This study examines the Granger causality between electricity consumption and Gross Domestic Product (GDP) for Pakistan … Granger Cointegration test exhibits the absence of long-run relationship among the variables. Two tests of causality, standard … electricity consumption to economic growth without any feedback effect. Therefore, an immediate effort to increase electricity …
Persistent link: https://www.econbiz.de/10010310641
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The WITCH Model. Structure, Baseline, Solutions
Bosetti, Valentina; Massetti, Emanuele; Tavoni, Massimo - 2007
WITCH - World Induced Technical Change Hybrid - is a regionally disaggregated hard-link hybrid global model with a neoclassical optimal growth structure (top-down) and a detailed energy input component (bottom-up). The model endogenously accounts for technological change, both through learning...
Persistent link: https://www.econbiz.de/10010312319
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Energy and the State of Nations
Lindenberger, Dietmar; Kümmel, Reiner - 2011
The mathematical conditions for the existence of macroeconomic production functions that are state functions of the economic system are pointed out. The output elasticities and the elasticities of substitution of energy-dependent Cobb-Douglas, CES and LinEx production functions are calculated....
Persistent link: https://www.econbiz.de/10010312739
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Fueling growth when oil peaks: Directed technological change and the limits to efficiency
André, Francisco J.; Smulders, Sjak - 2012
While fossil energy dependency has declined and energy supply has grown in the postwar world economy, future resource scarcity could cast its shadow on world economic growth soon if energy markets are forward looking. We develop an endogenous growth model that reconciles the current aggregate...
Persistent link: https://www.econbiz.de/10010289359
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Energy Prices, Growth,and the Channels in Between: Theory and Evidence
Bretschger, Lucas - 2007
The paper first develops a theoretical model with different sectors, each providing a channel for an impact of energy prices on growth. In the short run, growth is hampered by increasing energy prices. In the long run, however, capital accumulation may be crowded out by energy use. This happens...
Persistent link: https://www.econbiz.de/10011753112
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Dynamic Effects and Structural Change under Environmental Regulation in a CGE Model with Endogenous Growth
Ramer, Roger - 2011
In this paper, we use a CGE model with endogenous growth to study the interplay between environmental regulation, innovation and sectoral growth. We find that a stringent reduction target for carbon emissions combined with a CO2-tax leads to structural changes. Under the assumption of a...
Persistent link: https://www.econbiz.de/10011753217
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Economic effects of a nuclear-phase out policy: A CGE analysis
Bretschger, Lucas; Ramer, Roger; Zhang, Lin - 2012
The paper investigates the long-run consequences of a phase-out of nuclear energy for the Swiss economy. We apply the CITE model, a CGE model with fully endogenous growth, and complement it with a bottom-up model. We find that the nuclear phase-out can be achieved at relatively low costs, even...
Persistent link: https://www.econbiz.de/10011753231