Electricity Consumption and Economic Growth in BRI Countries: Panel Causality and Policy Implications

Haonan Zhang, Xingping Zhang, Changhong Zhao and Jiahai Yuan

Emerging Markets Finance and Trade, 2021, vol. 57, issue 3, 859-874

Abstract: The purpose of this study is to estimate the relationships between electricity consumption and economic growth in 45 BRI countries during 1990–2015. The empirical results indicate that there are unidirectional short-run and long-run causality relationships running from economic growth to electricity consumption in all-countries and low and medium-income countries. A unidirectional long-run causality running from economic growth to electricity consumption is observed for high-income countries and the bi-directional short-run causality is found in OPEC countries. In the future, green power cooperation with consideration of host country conditions and environmental constraints should be promoted in BRI countries.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:mes:emfitr:v:57:y:2021:i:3:p:859-874

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DOI: 10.1080/1540496X.2019.1601551

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