75 research outputs found
The Dynamic Link between Energy Consumption, Economic Growth, Financial Development and Trade in China: Fresh Evidence from Multivariate Framework Analysis
This study investigates the relationship between energy consumption and economic growth by incorporating financial development, international trade and capital as important factors of production function in case of China over the period of 1971-2011. The ARDL bounds testing approach to cointegration was applied to examine long run relationship among the series while stationarity properties of the variables was tested by applying structural break test.
Our empirical evidence confirmed long run relationship among the variables. The results showed that energy consumption, financial development, capital, exports, imports and international trade have positive impact on economic growth. The Granger causality analysis revealed that unidirectional causal relationship running from energy consumption to economic growth. Financial development and energy consumption Granger cause each other. There is bidirectional causality between trade and energy consumption. The feedback relation exists between financial development and international trade. There is also bidirectional causality exists between capital and energy consumption, financial development and economic growth and, international trade and economic growth. This paper makes significant contribution in energy literature and opens up new direction for policy makers to explore new and alternative sources of energy to meet the rising demand of energy due to sustained rate of economic growth
Electricity Consumption and Economic Growth in Kazakhstan: Fresh Evidence from a Multivariate Framework Analysis
This paper visits the relationship between electricity consumption and economic growth by incorporating trade openness, capital and labour in production function using annual data of Kazakhstan. We have applied the ARDL bounds testing and the VECM Granger causality approach to examine long run and causality relationship between the variables.
Our results confirm the existence of long run relationship among the series. The empirical evidence reveals that electricity consumption adds in economic growth. Trade openness stimulates economic growth. Capital and labour promote economic growth. The causality analysis finds electricity consumption Granger causes economic growth. The feedback effect exists between Trade and economic growth. This study opens new insights for policy makers to articulate comprehensive economic, trade and energy policy to sustain long run economic growth
Is Energy Consumption Per Capita Stationary? Evidence from First and Second Generation Panel Unit Root Tests
This paper investigates the unit root properties of energy consumption per capita of 103 high, middle and low income countries using first and second generation panel unit root tests. Our results indicate that energy consumption per capita contains stationary process in all groups of countries. This suggests that short run energy policies should be followed to sustain economic growth and to fulfill energy demand
Electricity Consumption and Economic Growth in Kazakhstan: Fresh Evidence from a Multivariate Framework Analysis
This paper visits the relationship between electricity consumption and economic growth by incorporating trade openness, capital and labour in production function using annual data of Kazakhstan. We have applied the ARDL bounds testing and the VECM Granger causality approach to examine long run and causality relationship between the variables.
Our results confirm the existence of long run relationship among the series. The empirical evidence reveals that electricity consumption adds in economic growth. Trade openness stimulates economic growth. Capital and labour promote economic growth. The causality analysis finds electricity consumption Granger causes economic growth. The feedback effect exists between Trade and economic growth. This study opens new insights for policy makers to articulate comprehensive economic, trade and energy policy to sustain long run economic growth
The Dynamic Link between Energy Consumption, Economic Growth, Financial Development and Trade in China: Fresh Evidence from Multivariate Framework Analysis
This study investigates the relationship between energy consumption and economic growth by incorporating financial development, international trade and capital as important factors of production function in case of China over the period of 1971-2011. The ARDL bounds testing approach to cointegration was applied to examine long run relationship among the series while stationarity properties of the variables was tested by applying structural break test.
Our empirical evidence confirmed long run relationship among the variables. The results showed that energy consumption, financial development, capital, exports, imports and international trade have positive impact on economic growth. The Granger causality analysis revealed that unidirectional causal relationship running from energy consumption to economic growth. Financial development and energy consumption Granger cause each other. There is bidirectional causality between trade and energy consumption. The feedback relation exists between financial development and international trade. There is also bidirectional causality exists between capital and energy consumption, financial development and economic growth and, international trade and economic growth. This paper makes significant contribution in energy literature and opens up new direction for policy makers to explore new and alternative sources of energy to meet the rising demand of energy due to sustained rate of economic growth
Is Energy Consumption Per Capita Stationary? Evidence from First and Second Generation Panel Unit Root Tests
This paper investigates the unit root properties of energy consumption per capita of 103 high, middle and low income countries using first and second generation panel unit root tests. Our results indicate that energy consumption per capita contains stationary process in all groups of countries. This suggests that short run energy policies should be followed to sustain economic growth and to fulfill energy demand
The Impact of Globalization on CO2 Emissions in China
This paper examines the Environmental Kuznets Curve (EKC) hypothesis for China in the presence of globalization. We have applied Bayer and Hanck combined cointegration test as well as the ARDL bounds testing approach to cointegration by accommodating structural breaks in the series. The causal relationship among the variables is investigated by applying the VECM causality framework. The study covers the period of 1970-2012.
The results confirm the presence of cointegration among the variables. Furthermore, the EKC hypothesis is valid in China both in short-and-long runs. Coal consumption increases CO2 emissions significantly. The overall index and sub-indices of globalization indicate that globalization in China is decreasing CO2 emissions. The causality results reveal that economic growth causes CO2 emissions confirming the existence of the EKC hypothesis. The feedback effect exists between coal consumption and CO2 emissions. CO2 emissions Granger causes globalization (social, economic and political)
The Impact of Globalization on CO2 Emissions in China
This paper examines the Environmental Kuznets Curve (EKC) hypothesis for China in the presence of globalization. We have applied Bayer and Hanck combined cointegration test as well as the ARDL bounds testing approach to cointegration by accommodating structural breaks in the series. The causal relationship among the variables is investigated by applying the VECM causality framework. The study covers the period of 1970-2012.
The results confirm the presence of cointegration among the variables. Furthermore, the EKC hypothesis is valid in China both in short-and-long runs. Coal consumption increases CO2 emissions significantly. The overall index and sub-indices of globalization indicate that globalization in China is decreasing CO2 emissions. The causality results reveal that economic growth causes CO2 emissions confirming the existence of the EKC hypothesis. The feedback effect exists between coal consumption and CO2 emissions. CO2 emissions Granger causes globalization (social, economic and political)
Controlling the microstructure and associated magnetic properties of Ni0.2Mn3.2Ga0.6 melt-spun ribbons by annealing
Here we report on the structural and magnetic properties of Ni0.2Mn3.2Ga0.6 meltspun ribbons. The as-spun ribbons were found to exhibit mixed cubic phases that transform to non-cubic structure upon annealing. Additionally, an amorphous phase was found to co-exist in all ribbons. The SEM images show that minor grain formation occurs on the as-spun ribbons. However, the formation of extensive nano-grains was observed on the surfaces of the annealed ribbons. While the as-spun ribbons exhibit predominantly paramagnetic behavior, the ribbons annealed under various thermal conditions were found to be ferromagnetic with a Curie temperature of about 380 K. The ribbons annealed at 450 â—¦C for 30 minutes exhibit a large coercive field of about 2500 Oe. The experimental results show that the microstructure and associated magnetic properties of the ribbons can be controlled by annealing techniques. The coercive fields and the shape of the magnetic hysteresis loops vary significantly with annealing conditions. Exchange bias effects have also been observed in the annealed ribbons
Controlling the microstructure and associated magnetic properties of Ni0.2Mn3.2Ga0.6 melt-spun ribbons by annealing
Here we report on the structural and magnetic properties of Ni0.2Mn3.2Ga0.6 melt- spun ribbons. The as-spun ribbons were found to exhibit mixed cubic phases that transform to non-cubic structure upon annealing. Additionally, an amorphous phase was found to co-exist in all ribbons. The SEM images show that minor grain forma- tion occurs on the as-spun ribbons. However, the formation of extensive nano-grains was observed on the surfaces of the annealed ribbons. While the as-spun ribbons exhibit predominantly paramagnetic behavior, the ribbons annealed under various thermal conditions were found to be ferromagnetic with a Curie temperature of about 380 K. The ribbons annealed at 450 â—¦C for 30 minutes exhibit a large coercive field of about 2500 Oe. The experimental results show that the microstructure and associated magnetic properties of the ribbons can be controlled by annealing techniques. The coercive fields and the shape of the magnetic hysteresis loops vary significantly with annealing conditions. Exchange bias effects have also been observed in the annealed ribbons
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