Multivariate Cointegration and Causality between Exports, Electricity Consumption and Real Income per Capita: Recent Evidence from Japan

Authors

  • Janesh Sami

Abstract

The current literature on the relationship between electricity, exports and economic growth is mixed. This paper examines the relationship between exports, electricity consumption and real income per capita in Japan using time series data from 1960-2007.We applied bounds testing procedure developed by Pesaran et al., (2001) and found that there is cointegrating relationship between electricity consumption ,exports and economic growth. On establishing cointegration, the causal relationship electricity consumption, exports and economic investigation was investigated within a Vector Error Correction Model (VECM) framework. We found that in the long run, there is causality from exports and real GDP per capita to electricity consumption.Keywords: Exports; Electricity consumption; Real Income per capita; JapanJEL Classifications: Q43; C32 

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Author Biography

Janesh Sami

Department of Economics, Banking and FinanceCollege of Business,Hospitality and Tourism StudiesFiji National University,Nasinu, Fiji Islands.Email:janesh.sami@fnu.ac.fj or janesh.sami@gmail.com,Ph:3394000(236)

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Published

2011-08-29

How to Cite

Sami, J. (2011). Multivariate Cointegration and Causality between Exports, Electricity Consumption and Real Income per Capita: Recent Evidence from Japan. International Journal of Energy Economics and Policy, 1(3), 59–68. Retrieved from https://econjournals.com./index.php/ijeep/article/view/49

Issue

Vol. 1 No. 3 (2011)

Section

Articles

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