Electricity consumption and economic growth: A revisit study of their causality in Malaysia
The role of electricity towards the economy becomes crucial in many countries including in Malaysia. It becomes necessary to investigate whether electricity consumption contributes to economic growth in order to make appropriate energy policies. The purpose of this research is to examine the long ru...
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Faculty of Economics, Universitas Islam Indonesia
2019
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my.sunway.eprints.13842020-10-07T04:06:14Z http://eprints.sunway.edu.my/1384/ Electricity consumption and economic growth: A revisit study of their causality in Malaysia Mohd Thas Thaker, M. A. Mohd Thas Thaker, Hassanudin * Amin, M. Allah Pitchay, A. HF Commerce The role of electricity towards the economy becomes crucial in many countries including in Malaysia. It becomes necessary to investigate whether electricity consumption contributes to economic growth in order to make appropriate energy policies. The purpose of this research is to examine the long run and causal relationships between electric power consumption and real GDP. This paper applies to the error-correction model. The results indicate that electricity consumption has a positive impact on economic growth. Besides that, there was unidirectional Granger causality running from electricity consumption to real GDP but not vice versa. This paper suggests that Malaysia is becoming an energy-dependent country. The government should emphasize on formulating energy strategies so as to avoid adverse effects on economic growth Faculty of Economics, Universitas Islam Indonesia 2019 Article NonPeerReviewed Mohd Thas Thaker, M. A. and Mohd Thas Thaker, Hassanudin * and Amin, M. and Allah Pitchay, A. (2019) Electricity consumption and economic growth: A revisit study of their causality in Malaysia. Etikonomi, 18 (1). pp. 1-12. ISSN 1412-8969 http://doi.org/10.15408/etk.v18i1.7455 doi:10.15408/etk.v18i1.7455 |
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HF Commerce Mohd Thas Thaker, M. A. Mohd Thas Thaker, Hassanudin * Amin, M. Allah Pitchay, A. Electricity consumption and economic growth: A revisit study of their causality in Malaysia |
| description |
The role of electricity towards the economy becomes crucial in many countries including in Malaysia. It becomes necessary to investigate whether electricity consumption contributes to economic growth in order to make appropriate energy policies. The purpose of this research is to examine the long run and causal relationships between electric power consumption and real GDP. This paper applies to the error-correction model. The results indicate that electricity consumption has a positive impact on economic growth. Besides that, there was unidirectional Granger causality running from electricity consumption to real GDP but not vice versa. This paper suggests that Malaysia is becoming an energy-dependent country. The government should emphasize on formulating energy strategies so as to avoid adverse effects on economic growth |
| format |
Article |
| author |
Mohd Thas Thaker, M. A. Mohd Thas Thaker, Hassanudin * Amin, M. Allah Pitchay, A. |
| author_facet |
Mohd Thas Thaker, M. A. Mohd Thas Thaker, Hassanudin * Amin, M. Allah Pitchay, A. |
| author_sort |
Mohd Thas Thaker, M. A. |
| title |
Electricity consumption and economic growth: A revisit study of their causality in Malaysia |
| title_short |
Electricity consumption and economic growth: A revisit study of their causality in Malaysia |
| title_full |
Electricity consumption and economic growth: A revisit study of their causality in Malaysia |
| title_fullStr |
Electricity consumption and economic growth: A revisit study of their causality in Malaysia |
| title_full_unstemmed |
Electricity consumption and economic growth: A revisit study of their causality in Malaysia |
| title_sort |
electricity consumption and economic growth: a revisit study of their causality in malaysia |
| publisher |
Faculty of Economics, Universitas Islam Indonesia |
| publishDate |
2019 |
| url |
http://eprints.sunway.edu.my/1384/ http://doi.org/10.15408/etk.v18i1.7455 |
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1680323431570079744 |
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13.211869 |