Efficient energy consumption in industrial sectors and its effect on environment: A comparative analysis between G8 and Southeast Asian emerging economies

Md. Saifur Rahman, Abu Hanifa Md. Noman, Farihana Shahari, Mohamed Aslam, Sok-Gee Chan, Che Ruhana Isa and Sajeda Pervin
Authors registered in the RePEc Author Service: Mohamed Aslam Gulam Hassan

Energy, 2016, vol. 97, issue C, 82-89

Abstract: This study investigates the long-term relationship between industrial production and energy consumption along with the environmental degradation in developed and developing countries. The purpose of this study is to identify countries that meet the competitive challenges of achieving efficient environmentally friendly energy consumption. The investigation process utilises the Toda Yamamoto technique looking at 40 years of data from 1971 to 2011. The investigation reveals that both G8 and Southeast Asian countries are energy dependent, as indicated by unidirectional Granger causality running from energy consumption to industrial production. The most energy efficient economies are among G8 countries and the least efficient are found in Southeast Asian countries. The results also reveal that industrial production of developed countries is more environmentally friendly than developing countries. Finally, the study provides significant policy implications toward improving energy security and efficiency.

Keywords: Industrial production; Energy consumption; Carbon emission; G-8 countries and Southeast Asian countries (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:97:y:2016:i:c:p:82-89

DOI: 10.1016/j.energy.2015.12.109

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