Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
THE CAUSAL RELATIONSHIP BETWEEN GDP, ENERGY CONSUMPTION, POPULATION, AND OIL PRICE: EVIDENCE FROM VIETNAM
Purpose of this study: This study aims to examine the relationship between energy consumption, gross domestic product, and population for the period of 1985-2015. Methodology: The research questions for this study are as follows: (1) What is the association among energy consumption, GDP, population, and oil price? (2) Which suggestions can be provided on the basis of the research findings? Unit root test, co-integration test, VECM model, and Granger causality are employed to analyze the association among the aforementioned variables. Main Findings: Firstly, the results show the existence of co-integration among the variables. By employing the Granger causality, the research findings demonstrate a unidirectional causality running from population to energy consumption, a unidirectional causality running from energy consumption to gross domestic product, and a unidirectional causality running from population to gross domestic product. Implications: With these results, it is suggested that Vietnam should promote the growth of the population and the energy policies to generate economic growth. Novelty: To the best of our knowledge, this study extends the scarce literature that provides empirical findings regarding this issue.
THE CAUSAL RELATIONSHIP BETWEEN GDP, ENERGY CONSUMPTION, POPULATION, AND OIL PRICE: EVIDENCE FROM VIETNAM
Purpose of this study: This study aims to examine the relationship between energy consumption, gross domestic product, and population for the period of 1985-2015. Methodology: The research questions for this study are as follows: (1) What is the association among energy consumption, GDP, population, and oil price? (2) Which suggestions can be provided on the basis of the research findings? Unit root test, co-integration test, VECM model, and Granger causality are employed to analyze the association among the aforementioned variables. Main Findings: Firstly, the results show the existence of co-integration among the variables. By employing the Granger causality, the research findings demonstrate a unidirectional causality running from population to energy consumption, a unidirectional causality running from energy consumption to gross domestic product, and a unidirectional causality running from population to gross domestic product. Implications: With these results, it is suggested that Vietnam should promote the growth of the population and the energy policies to generate economic growth. Novelty: To the best of our knowledge, this study extends the scarce literature that provides empirical findings regarding this issue.
THE CAUSAL RELATIONSHIP BETWEEN GDP, ENERGY CONSUMPTION, POPULATION, AND OIL PRICE: EVIDENCE FROM VIETNAM
Thuy Ho, Ngoc (Autor:in) / Yih Wu, Wann (Autor:in) / Amaya Rivas, Adriana (Autor:in) / Thien Nguyen, Phuoc (Autor:in)
05.03.2019
doi:10.18510/hssr.2019.7211
Humanities & Social Sciences Reviews; Vol. 7 No. 2 (2019): March; 100-105 ; 2395-6518
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
DDC:
690
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