Determinants of Nuclear Energy Consumption in South Asia: Economic and Energy Security Issues

Khalid Zaman
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Khalid Zaman: Department of Economics, University of Sargodha, Canal Campus, Lahore, Pakistan.

International Journal of Energy Economics and Policy, 2015, vol. 5, issue 3, 822-827

Abstract: The objective of the study is to examine the causal relationship between: (i) Nuclear energy consumption (NEC) and economic determinants (i.e. labor force, gross fixed capital formation and gross domestic product per capita (GDPPC), and (ii) nuclear consumption and energy security (ES) issues (i.e. technology infrastructure [TIF], energy sources, conditions of land, concern of ES and political stability in the context of South Asia. The study brings an annual aggregate data for South Asia from the period of 1960 to 2012. The autoregressive distributed lag bounds testing approach employed for investigating the short- and long-run relationship between the variables, while modified version of the Granger causality used for determining the causal relationship among NEC, economic factors and ES issues. The results show that there is a long-run relationship between NEC, economic indicators and ES issue; however, the a priori expectations of the variables differ with the NEC. The results of causality test validate the neutrality hypothesis between, (i) NEC and labor force; (ii) NEC and conditions of land; and (iii) nuclear energy and GDPPC. Further, the causality test validates the feedback hypothesis between (i) Nuclear energy and TIF; and (ii) nuclear energy and energy sources in the region. The results indicate the unidirectional causality running from nuclear energy to gross capital formation but not vice versa. Similarly, ES Granger cause nuclear energy which indicates that ES has a vital role to increase nuclear energy in the region.

Keywords: Nuclear Energy Consumption; Economic Growth; Energy Security; South Asia (search for similar items in EconPapers)
JEL-codes: C32 Q43 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2015-03-25

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