Energy Consumption and Economic Growth: Evidence from Vietnam
Michael McAleer,
Minh Nguyen,
Bui Ngoc and
Duc Hong Vo
Journal of Reviews on Global Economics, 2019, vol. 8, 350-361
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)
Date: 2019
References: Add references at CitEc
Citations: View citations in EconPapers (15)
Downloads: (external link)
https://www.lifescienceglobal.com/independent-jour ... vidence-from-vietnam
Related works:
Working Paper: 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:lif:jrgelg:v:8:y:2019:p:350-361
Access Statistics for this article
Journal of Reviews on Global Economics is currently edited by Michael McAleer and Chia-Lin Chang
More articles in Journal of Reviews on Global Economics from Lifescience Global
Bibliographic data for series maintained by Faisal Ameer Khan ( this e-mail address is bad, please contact ).