Title of Oral/Poster Presentation

A study on the causal relationship between energy consumption, energy price and economic growth in developing countries

Presenter Information

Ahsan KibriaFollow

Class

Article

Graduation Year

2018

College

College of Agriculture and Applied Sciences

Department

Applied Economics Department

Faculty Mentor

Dr. Ryan Bosworth

Presentation Type

Oral Presentation

Abstract

This paper examines the causal relationship between energy consumption, energy price and economic growth in four developing countries. VECM techniques using Engle-Granger methodology is utilized. WDI data covering Brazil, India, Mexico and Nigeria from 1971- 2012 was used for analysis. Empirical results suggested that unidirectional Granger causality runs from energy to income (growth) for India and Mexico, while bidirectional Granger causality runs from energy to income for Brazil. In long-run, there is unidirectional prices to income causality for all four countries. In general, this study suggests that energy and income are not neutral with respect to each other in long-run.

Location

Room 421

Start Date

4-13-2017 10:30 AM

End Date

4-13-2017 11:45 AM

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Apr 13th, 10:30 AM Apr 13th, 11:45 AM

A study on the causal relationship between energy consumption, energy price and economic growth in developing countries

Room 421

This paper examines the causal relationship between energy consumption, energy price and economic growth in four developing countries. VECM techniques using Engle-Granger methodology is utilized. WDI data covering Brazil, India, Mexico and Nigeria from 1971- 2012 was used for analysis. Empirical results suggested that unidirectional Granger causality runs from energy to income (growth) for India and Mexico, while bidirectional Granger causality runs from energy to income for Brazil. In long-run, there is unidirectional prices to income causality for all four countries. In general, this study suggests that energy and income are not neutral with respect to each other in long-run.