Energy consumption and economic growth: Evidence from Vietnam

Minh Nguyen, Bui Ngoc, Duc Hong Vo and Michael McAleer
Additional contact information
Duc Hong Vo: Business and Economics Research Group Ho Chi Minh City Open University, Vietnam.

No 2019-10, Documentos de Trabajo del ICAE from Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico

Abstract: The importance of non-renewable, renewable and sustainable energy sources and energy consumption in the economic development strategy of a country is undeniable. The purpose of the paper is to investigate the impacts of energy consumption on the economic growth of Vietnam during the 1980-2014 period. By applying the Autoregressive Distributed Lag (ARDL) model of Pesaran et al. (2001), and the Granger causality test of Toda and Yamamoto (1995), the empirical results provide evidence that electricity consumption has positive impacts on Vietnam’s economic growth in both the short run and long run. For public policy prescriptions, the empirical evidence suggests that an exploration of new sources of renewable and sustainable energy is essential for long run economic development.

Keywords: Energy consumption; Renewable and sustainable energy; Economic growth; Economic development; ARDL; Granger causality. (search for similar items in EconPapers)
JEL-codes: F42 O13 O47 Q42 Q43 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2019-03
New Economics Papers: this item is included in nep-ene, nep-env, nep-gro and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://eprints.ucm.es/id/eprint/54768/1/1910.pdf (application/pdf)

Related works:
Journal Article: Energy Consumption and Economic Growth: Evidence from Vietnam (2019)
Working Paper: Energy Consumption and Economic Growth: Evidence from Vietnam (2019)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucm:doicae:1910

Ordering information: This working paper can be ordered from
Facultad de Ciencias Económicas y Empresariales. Pabellón prefabricado, 1ª Planta, ala norte. Campus de Somosaguas, 28223 - POZUELO DE ALARCÓN (MADRID)
https://www.ucm.es/f ... -de-trabajo-del-icae

Access Statistics for this paper

More papers in Documentos de Trabajo del ICAE from Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico Contact information at EDIRC.
Bibliographic data for series maintained by Águeda González Abad ().