کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5063734 1476701 2017 35 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Energy consumption, financial development and economic growth in India: New evidence from a nonlinear and asymmetric analysis
ترجمه فارسی عنوان
مصرف انرژی، توسعه مالی و رشد اقتصادی در هند: شواهد جدید از تجزیه و تحلیل غیر خطی و نامتقارن
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی انرژی (عمومی)
چکیده انگلیسی
This paper investigates the asymmetric relationship between energy consumption and economic growth by incorporating financial development, capital and labour into a production function covering the Indian economy from 1960Q1-2015Q4. The nonlinear autoregressive distributed lag bounds testing approach is applied to examine the asymmetric cointegration between the variables. An asymmetric causality test is also employed to examine the causal association between the considered variables. The results indicate cointegration between the variables in the presence of asymmetries. The asymmetric causality results show that only negative shocks to energy consumption have impacts on economic growth. In the same vein, only negative shocks to financial development have impacts on economic growth. By contrast, symmetrically, capital formation causes economic growth. Finally, over the study period, a neutral effect exists between the labour force and economic growth in India. The implications of these results for growth policies in India are also discussed.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Energy Economics - Volume 63, March 2017, Pages 199-212
نویسندگان
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