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Energy Consumption, Economic Growth and Trade Balance in East Asia: A Panel Data Approach

Author

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  • Tran, T.N.
  • Nguyen, Thu Thuy
  • Nguyen, V.C.
  • Vu, T.T.H.

Abstract

The purpose of this work is to study the effects energy consumption, economic growth and trade balance in the East Asian countries. Using a panel data analysis in the period over 1996-2015, the study analyzes based on the methods of fixed, random effects, and pooled ordinary least squares. The data were collected from World Development Indicators, Department of Statistics in relevant countries used in the study. Our results demonstrate that energy consumption has negatively affected trade balance while economic growth that can negatively affect the balance of trade but insignificant. Further, the prime factors that can significantly impact trade balance are exports, exchange rates and development level. Both exports and exchange rates have positive and significant impacted on trade balance. Finally, a country with a higher level of domestic income will certainly perform a higher level of trade balance.

Suggested Citation

  • Tran, T.N. & Nguyen, Thu Thuy & Nguyen, V.C. & Vu, T.T.H., 2020. "Energy Consumption, Economic Growth and Trade Balance in East Asia: A Panel Data Approach," OSF Preprints rd6kv, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:rd6kv
    DOI: 10.31219/osf.io/rd6kv
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    References listed on IDEAS

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    Cited by:

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    7. Nguyen, T.M.A. & Hoang, T.T. & Le, T.T.A. & Luu, T.D. & Le, Q.H. & Nguyen, T.T.H. & Nguyen, V.C., 2020. "Developing the competence of organizing experiential activities for pre-service teachers – The case in Vietnam," OSF Preprints 3hfsu, Center for Open Science.
    8. Liurong Pan & Asad Amin & Nian Zhu & Abbas Ali Chandio & Eric Yaw Naminse & Aadil Hameed Shah, 2022. "Exploring the Asymmetrical Influence of Economic Growth, Oil Price, Consumer Price Index and Industrial Production on the Trade Deficit in China," Sustainability, MDPI, vol. 14(23), pages 1-22, November.
    9. Sarfraz Hussain & Van Chien Nguyen & Quang Minh Nguyen & Huu Tinh Nguyen & Thu Thuy Nguyen, 2021. "Macroeconomic factors, working capital management, and firm performance—A static and dynamic panel analysis," Palgrave Communications, Palgrave Macmillan, vol. 8(1), pages 1-14, December.
    10. Nguyen, V.C. & Nguyen, Thu Thuy & Nguyen, Huu Tinh, 2020. "Government Ability, Bank-Specific Factors and Profitability - An insight from banking sector of Vietnam," OSF Preprints 9dcqp, Center for Open Science.

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