Dynamics of Natural Gas Consumption, Output and Trade: Empirical Evidence from the Emerging Economies

Md. Samsul Alam, Sudharshan Reddy Paramati, Muhammad Shahbaz and Mita Bhattacharya

No 21-15, Monash Economics Working Papers from Monash University, Department of Economics

Abstract: This study examines the dynamic relationship between natural gas consumption, output, and trade in a sample of fifteen emerging economies using quarterly data for the period of 1990-2012. We employ the robust panel cointegration techniques and a heterogeneous panel causality test. Our findings confirm the presence of long-run association between natural gas consumption, output and trade. The short-run heterogeneous panel causality test suggests that natural gas consumption has feedback effect between economic growth and international trade. These findings have important implications for energy and environmental policies. The conservation policies that are designed to reduce natural gas consumption have an adverse effect on both economic growth and trade. We suggest future energy policies should focus on improving energy supply, and formulate appropriate channels to attract investments into renewable energy production with greater involvement of public-private partnership initiatives.

Keywords: Natural gas consumption; economic growth; trade; emerging economies (search for similar items in EconPapers)
JEL-codes: F14 O47 P28 Q43 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2015-03
New Economics Papers: this item is included in nep-ene, nep-env and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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