EconPapers    
Economics at your fingertips  
 

Sustainable economic development in China: Modelling the role of hydroelectricity consumption in a multivariate framework

Sakiru Solarin, Muhammad Shahbaz () and Shawkat Hammoudeh

Energy, 2019, vol. 168, issue C, 516-531

Abstract: This paper examines the relationship between hydroelectricity consumption and economic growth in China, while controlling for fossil fuel consumption, financial development, capital, institutional quality and globalization and its components for the period, 1970–2014. We have employed the Bayer and Hanck, (2013) combined cointegration test to examine the long-run relationships between those variables as well as the autoregressive distributed lag method with structural breaks as a robustness check. The empirical findings demonstrate a long-run relationship between those variables. Hydroelectricity consumption, fossil fuel consumption, capital, financial development and globalization and its components have a positive influence on GDP in China. The findings also provide predominant evidence on the long-run feedback hypothesis between the variables. The findings suggest that policies should be implemented to increase the role hydropower in the energy mix for sustainable economic growth in the country.

Keywords: Economic growth; Hydroelectricity consumption; Fossil fuels; Globalization; China (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0360544218322722
Full text for ScienceDirect subscribers only

Related works:
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:eee:energy:v:168:y:2019:i:c:p:516-531

DOI: 10.1016/j.energy.2018.11.061

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Haili He ().

 
Page updated 2020-08-06
Handle: RePEc:eee:energy:v:168:y:2019:i:c:p:516-531