Next Article in Journal
Optimal Design of Safety Instrumented Systems for Pressure Control of Methanol Separation Columns in the Bisphenol a Manufacturing Process
Previous Article in Journal
Environmental Efficiency and Its Determinants for Manufacturing in China
Open AccessArticle

Electricity Consumption and Economic Growth: Evidence from 17 Taiwanese Industries

Department of Economics and Finance, Ming Chuan University, 5 De Ming Rd., Gui Shan District, Taoyuan City 333, Taiwan
Academic Editor: Marc A. Rosen
Sustainability 2017, 9(1), 50; https://doi.org/10.3390/su9010050
Received: 10 November 2016 / Revised: 12 December 2016 / Accepted: 26 December 2016 / Published: 30 December 2016
(This article belongs to the Section Economic and Business Aspects of Sustainability)
The current paper investigates the existence and nature of the Granger causality between electricity consumption and economic growth for 17 industries in Taiwan. Empirical results over the period 1998–2014 suggest that a panel cointegration test shows a long-run equilibrium relationship and a bi-directional Granger causality between electricity and economic growth has been found. The result indicates that a 1% increase in electricity consumption boosts the real GDP by 1.72%. The government can pursue energy conservation and carbon reduction policy in some industries without impeding the economic growth for adjusting the industrial structure. View Full-Text
Keywords: energy consumption; economic growth; panel cointegration; Granger causality energy consumption; economic growth; panel cointegration; Granger causality
Show Figures

Figure 1

MDPI and ACS Style

Lu, W.-C. Electricity Consumption and Economic Growth: Evidence from 17 Taiwanese Industries. Sustainability 2017, 9, 50. https://doi.org/10.3390/su9010050

AMA Style

Lu W-C. Electricity Consumption and Economic Growth: Evidence from 17 Taiwanese Industries. Sustainability. 2017; 9(1):50. https://doi.org/10.3390/su9010050

Chicago/Turabian Style

Lu, Wen-Cheng. 2017. "Electricity Consumption and Economic Growth: Evidence from 17 Taiwanese Industries" Sustainability 9, no. 1: 50. https://doi.org/10.3390/su9010050

Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Search more from Scilit
 
Search
Back to TopTop