Estimation of electricity demand function for Algeria: revisit of time series analysis
This paper aims to empirically re-examine whether economic growth has effect on electricity consumption for Algerian economy. We have incorporated urbanization and trade openness in electricity demand function as additional determinants of electricity consumption for the period of 1971-2012. For emp...
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my.utm.728302017-11-20T08:14:58Z http://eprints.utm.my/id/eprint/72830/ Estimation of electricity demand function for Algeria: revisit of time series analysis Khraief, Naceur Shahbaz, Muhammad Mallick, Hrushikesh Loganathan, Nanthakumar HD28 Management. Industrial Management This paper aims to empirically re-examine whether economic growth has effect on electricity consumption for Algerian economy. We have incorporated urbanization and trade openness in electricity demand function as additional determinants of electricity consumption for the period of 1971-2012. For empirical purpose, we have applied the recently developed combined cointegration test proposed by Bayer and Hanck (2013) and bounds testing approach to cointegration by Pesaran et al. (2001) for establishing the cointegration between the variables by accommodating structural breaks.The results expose that income growth leads to higher electricity demand along with urbanization being another major contributing factor of rising electricity demand. In contrast, trade openness leads to reduce electricity demand. The causal association between the variables is further examined with the application of innovation accounting approach of Vector Autoregressive (VAR). The empirical evidence indicates the presence of the neutral effect between income growth and electricity use. Urbanization causes electricity use and electricity use causes urbanization in Granger sense. Elsevier Ltd 2016 Article PeerReviewed Khraief, Naceur and Shahbaz, Muhammad and Mallick, Hrushikesh and Loganathan, Nanthakumar (2016) Estimation of electricity demand function for Algeria: revisit of time series analysis. Renewable and Sustainable Energy Reviews . ISSN 1364-0321 (In Press) https://www.scopus.com/inward/record.uri?eid=2-s2.0-85007003586&doi=10.1016%2fj.rser.2016.11.106&partnerID=40&md5=c7771b0c63751370cdd3162c7a8b3659 |
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HD28 Management. Industrial Management Khraief, Naceur Shahbaz, Muhammad Mallick, Hrushikesh Loganathan, Nanthakumar Estimation of electricity demand function for Algeria: revisit of time series analysis |
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This paper aims to empirically re-examine whether economic growth has effect on electricity consumption for Algerian economy. We have incorporated urbanization and trade openness in electricity demand function as additional determinants of electricity consumption for the period of 1971-2012. For empirical purpose, we have applied the recently developed combined cointegration test proposed by Bayer and Hanck (2013) and bounds testing approach to cointegration by Pesaran et al. (2001) for establishing the cointegration between the variables by accommodating structural breaks.The results expose that income growth leads to higher electricity demand along with urbanization being another major contributing factor of rising electricity demand. In contrast, trade openness leads to reduce electricity demand. The causal association between the variables is further examined with the application of innovation accounting approach of Vector Autoregressive (VAR). The empirical evidence indicates the presence of the neutral effect between income growth and electricity use. Urbanization causes electricity use and electricity use causes urbanization in Granger sense. |
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Khraief, Naceur Shahbaz, Muhammad Mallick, Hrushikesh Loganathan, Nanthakumar |
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Khraief, Naceur Shahbaz, Muhammad Mallick, Hrushikesh Loganathan, Nanthakumar |
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Khraief, Naceur |
title |
Estimation of electricity demand function for Algeria: revisit of time series analysis |
title_short |
Estimation of electricity demand function for Algeria: revisit of time series analysis |
title_full |
Estimation of electricity demand function for Algeria: revisit of time series analysis |
title_fullStr |
Estimation of electricity demand function for Algeria: revisit of time series analysis |
title_full_unstemmed |
Estimation of electricity demand function for Algeria: revisit of time series analysis |
title_sort |
estimation of electricity demand function for algeria: revisit of time series analysis |
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Elsevier Ltd |
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2016 |
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http://eprints.utm.my/id/eprint/72830/ https://www.scopus.com/inward/record.uri?eid=2-s2.0-85007003586&doi=10.1016%2fj.rser.2016.11.106&partnerID=40&md5=c7771b0c63751370cdd3162c7a8b3659 |
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