Modelling the causal linkages among residential electricity consumption, gross domestic product, price of electricity, price of electric appliances, population and foreign direct investment in Malaysia
cointegration analysis; dynamic response; electricity supply; foreign direct investment; Granger causality test; Gross Domestic Product; multivariate analysis; price determination; Malaysia
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2023
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my.uniten.dspace-229902023-05-29T14:13:59Z Modelling the causal linkages among residential electricity consumption, gross domestic product, price of electricity, price of electric appliances, population and foreign direct investment in Malaysia Ivy-Yap L.L. Bekhet H.A. 56267356600 37100908800 cointegration analysis; dynamic response; electricity supply; foreign direct investment; Granger causality test; Gross Domestic Product; multivariate analysis; price determination; Malaysia Residential electricity consumption in Malaysia is increasing rapidly and effective measures are urgently needed to contain its rapid growth to achieve better energy security. The current paper attempts to investigate the multivariate Granger causalities and dynamic responses of residential electricity consumption in Malaysia for the 1978-2013 period. In the long run, all the determinants of residential electricity consumption (real disposable income, price of electricity, price of electric appliances, population and foreign direct investment) Granger cause it but in the short run, only the price of electric appliances and population do so. The response of residential electricity consumption to shocks alternates between positive and negative but diminishes with time. In addition to own shocks, shocks to the price of electricity contribute most of the variance in residential electricity consumption. The study shows that pricing policies are effective in reducing residential electricity consumption. As fossil fuels are finite, careful planning of energy consumption is necessary to safeguard energy security. � 2016 Inderscience Enterprises Ltd. Final 2023-05-29T06:13:59Z 2023-05-29T06:13:59Z 2016 Article 10.1504/IJETP.2016.074491 2-s2.0-84957070700 https://www.scopus.com/inward/record.uri?eid=2-s2.0-84957070700&doi=10.1504%2fIJETP.2016.074491&partnerID=40&md5=b5b9107fb0dcd98bc0972c41a30e85c4 https://irepository.uniten.edu.my/handle/123456789/22990 12 1 41 59 Inderscience Publishers Scopus |
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| description |
cointegration analysis; dynamic response; electricity supply; foreign direct investment; Granger causality test; Gross Domestic Product; multivariate analysis; price determination; Malaysia |
| author2 |
56267356600 |
| author_facet |
56267356600 Ivy-Yap L.L. Bekhet H.A. |
| format |
Article |
| author |
Ivy-Yap L.L. Bekhet H.A. |
| spellingShingle |
Ivy-Yap L.L. Bekhet H.A. Modelling the causal linkages among residential electricity consumption, gross domestic product, price of electricity, price of electric appliances, population and foreign direct investment in Malaysia |
| author_sort |
Ivy-Yap L.L. |
| title |
Modelling the causal linkages among residential electricity consumption, gross domestic product, price of electricity, price of electric appliances, population and foreign direct investment in Malaysia |
| title_short |
Modelling the causal linkages among residential electricity consumption, gross domestic product, price of electricity, price of electric appliances, population and foreign direct investment in Malaysia |
| title_full |
Modelling the causal linkages among residential electricity consumption, gross domestic product, price of electricity, price of electric appliances, population and foreign direct investment in Malaysia |
| title_fullStr |
Modelling the causal linkages among residential electricity consumption, gross domestic product, price of electricity, price of electric appliances, population and foreign direct investment in Malaysia |
| title_full_unstemmed |
Modelling the causal linkages among residential electricity consumption, gross domestic product, price of electricity, price of electric appliances, population and foreign direct investment in Malaysia |
| title_sort |
modelling the causal linkages among residential electricity consumption, gross domestic product, price of electricity, price of electric appliances, population and foreign direct investment in malaysia |
| publisher |
Inderscience Publishers |
| publishDate |
2023 |
| _version_ |
1806425858091515904 |
| score |
13.222552 |