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Nexus Between the Energy Market, Industrialization, and Economic Growth in the Asia-Pacific Region

Author

Listed:
  • Aqib Mujtaba
  • Pabitra Kumar Jena

    (School of Economics, Shri Mata Vaishno Devi University, India)

Abstract

This study investigates the nexus between the energy market and its determinants in eight countries from the Asia-Pacific region over 1994–2018. The results show energy demand, prices, economic growth and industrialization positively affect the energy supply. On the other hand, energy supply and growth and industrialization positively affect energy demand, and energy prices negatively affects energy demand. The study also suggests policy implications.

Suggested Citation

  • Aqib Mujtaba & Pabitra Kumar Jena, 2024. "Nexus Between the Energy Market, Industrialization, and Economic Growth in the Asia-Pacific Region," Energy RESEARCH LETTERS, Asia-Pacific Applied Economics Association, vol. 4(3), pages 1-5.
    • Handle: RePEc:ayb:jrnerl:85
    DOI: 2024/07/09
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    References listed on IDEAS

    as
    1. Muhammad Arshad Khan & Usman Ahmad, 2008. "Energy Demand in Pakistan: A Disaggregate Analysis," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 47(4), pages 437-455.
    2. M. Hashem Pesaran, 2007. "A simple panel unit root test in the presence of cross-section dependence," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(2), pages 265-312.
    3. Dumitrescu, Elena-Ivona & Hurlin, Christophe, 2012. "Testing for Granger non-causality in heterogeneous panels," Economic Modelling, Elsevier, vol. 29(4), pages 1450-1460.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    energy market; economic growth; asia-pacific region; industrialization;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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