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The Energy Consumption and Economic Growth Nexus in Top Ten Energy-Consuming Countries: Fresh Evidence from Using the Quantile-on-Quantile Approach
| Content Provider | Semantic Scholar |
|---|---|
| Author | Shahbaz, Muhammad Kumar, Mantu Shahzad, Jawad Hussain Mahalik, Mantu Kumar |
| Copyright Year | 2018 |
| Abstract | This paper empirically examines the inter-linkages b tween energy consumption and economic growth in top ten energy-consuming countri es i.e. China, the USA, Russia, India, Japan, Canada, Germany, Brazil, France and South Korea. We use the quantile-on-quantile (QQ) approach of Sim and Zhou (2015) to explore some nua nced features of the energy-growth nexus and to capture the relationship in its entirety. Th e results show a positive association between economic growth and energy consumption, with consid erable variations across economic states in each country. A weak effect of economic growth on e nergy consumption is noted for the lower quantiles of economic growth in China, India, Germa ny nd France, which suggests that energy as an input has less importance at low levels of ec nomic growth. A weak effect of economic growth on energy consumption is also noted for the highest quantiles of income in the United States, Canada, Brazil and South Korea, which indic ates that energy demand decreases with the increase in economic growth as these countries have become more energy efficient. The weakest effect of energy consumption on economic growth is ob erved at lower quantiles of energy consumption in China, Japan, Brazil and South Korea . The results of the present study can help in the design of energy development and conservation p olicies for sustainable and long-term economic development. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://mpra.ub.uni-muenchen.de/84920/1/MPRA_paper_84920.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
