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Causal interaction among electricity consumption, financial development, exports and economic growth in Jordan: Dynamic simultaneous equation models

The goal of this paper is to examine the empirical dynamic relationship among the electrical consumption (ELC) and economic growth (proxies by gross domestic product [GDP] per capita), export, and financial development (domestic credit to the private sector as a percentage of GDP) in Jordan over the...

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Main Authors: Matar A., Bekhet H.A.
Other Authors: 56741953000
Format: Article
Published: Econjournals 2023
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spelling my.uniten.dspace-225072023-05-29T14:01:26Z Causal interaction among electricity consumption, financial development, exports and economic growth in Jordan: Dynamic simultaneous equation models Matar A. Bekhet H.A. 56741953000 37100908800 The goal of this paper is to examine the empirical dynamic relationship among the electrical consumption (ELC) and economic growth (proxies by gross domestic product [GDP] per capita), export, and financial development (domestic credit to the private sector as a percentage of GDP) in Jordan over the 1976-2011 period. Annual time series data and the autoregressive distributed lag model are used. The augmented Dickey�Fuller, F-bound testing, Granger causality, GIRF, and cumulative sum of recursive residuals, cumulative sum of squares tests were applied to test the stationary, cointegration, causality and stability, respectively, among the variables. There is evidence of a long-term equilibrium relationship between electricity consumption and the economic growth, and a unidirectional relationship runs from real GDP to ELC. This is indicating that per capita increase in economic growth may cause a perpetual rise in the ELC in Jordan. � 2015, Econjournals. All rights reserved. Final 2023-05-29T06:01:26Z 2023-05-29T06:01:26Z 2015 Article 2-s2.0-84944445727 https://www.scopus.com/inward/record.uri?eid=2-s2.0-84944445727&partnerID=40&md5=383b41fabc9b68e19b7b242c53763d2e https://irepository.uniten.edu.my/handle/123456789/22507 5 4 955 967 Econjournals Scopus
institution Universiti Tenaga Nasional
building UNITEN Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Tenaga Nasional
content_source UNITEN Institutional Repository
url_provider http://dspace.uniten.edu.my/
description The goal of this paper is to examine the empirical dynamic relationship among the electrical consumption (ELC) and economic growth (proxies by gross domestic product [GDP] per capita), export, and financial development (domestic credit to the private sector as a percentage of GDP) in Jordan over the 1976-2011 period. Annual time series data and the autoregressive distributed lag model are used. The augmented Dickey�Fuller, F-bound testing, Granger causality, GIRF, and cumulative sum of recursive residuals, cumulative sum of squares tests were applied to test the stationary, cointegration, causality and stability, respectively, among the variables. There is evidence of a long-term equilibrium relationship between electricity consumption and the economic growth, and a unidirectional relationship runs from real GDP to ELC. This is indicating that per capita increase in economic growth may cause a perpetual rise in the ELC in Jordan. � 2015, Econjournals. All rights reserved.
author2 56741953000
author_facet 56741953000
Matar A.
Bekhet H.A.
format Article
author Matar A.
Bekhet H.A.
spellingShingle Matar A.
Bekhet H.A.
Causal interaction among electricity consumption, financial development, exports and economic growth in Jordan: Dynamic simultaneous equation models
author_sort Matar A.
title Causal interaction among electricity consumption, financial development, exports and economic growth in Jordan: Dynamic simultaneous equation models
title_short Causal interaction among electricity consumption, financial development, exports and economic growth in Jordan: Dynamic simultaneous equation models
title_full Causal interaction among electricity consumption, financial development, exports and economic growth in Jordan: Dynamic simultaneous equation models
title_fullStr Causal interaction among electricity consumption, financial development, exports and economic growth in Jordan: Dynamic simultaneous equation models
title_full_unstemmed Causal interaction among electricity consumption, financial development, exports and economic growth in Jordan: Dynamic simultaneous equation models
title_sort causal interaction among electricity consumption, financial development, exports and economic growth in jordan: dynamic simultaneous equation models
publisher Econjournals
publishDate 2023
_version_ 1806425924000808960
score 13.211869

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