Volume 7, Issue 25 (12-2016)                   jemr 2016, 7(25): 217-241 | Back to browse issues page

XML Persian Abstract Print

Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

Barghi Oskooee M M, Mohammadi Bilankohi A. The Investigation of Effect of Trade on Energy Consumption in D8 Countries. jemr. 2016; 7 (25) :217-241
URL: http://jemr.khu.ac.ir/article-1-1106-en.html
Abstract:   (3983 Views)

Energy as one of the most important factors of production, as well as one of the most important marginal products, has effential role in trade and economic development.The importance of energy has increased after the two oil crises in 1970’s. The relationship between energy and trade is an important topic to study for several reasons. If energy consumption is found to Granger cause exports or imports, then any reductions in energy consumption, coming from say energy conservation polices, will reduce exports or imports and lessen the benefits of trade. Energy conservation policies which reduce energy consumption will offset trade liberalization policies designed to promote economic growth. This places energy conservation policies at odds with trade liberalization policies.In this regard, the impact of trade on energy consumption through energy applications in the production process of import and export goods and their transportation is included. This study uses panel data to investigat effect of trade on energy consumption in D8 countries (Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey) during the years 1990 to 2014. The results indicat that foreign trade has a significant and positive impact on energy consumption. The findings show a significant and negative impact of energy prices on energy use.

Full-Text [PDF 3180 kb]   (1230 Downloads)    
Type of Study: Applicable | Subject: تجارت و مالیه بین الملل
Received: 2014/09/23 | Accepted: 2016/11/16 | Published: 2016/12/19

1.  Abrishami & Mostafaei (2001) ,Eexamine the relationship between economic growth and oil products consumption in Iran major, Journal of Knowledge & Development,vol 14,page 11-45.
2.  Akinlo, A.E., 2008. Energy consumption and economic growth: evidence from 11 Sub-Sahara African countries. Energy Economics, 30, 2391-2400.
3.  Al-mulali , Usama and Low Sheau, Ting, (2014), Econometric analysis of trade, exports, imports, energy consumption and CO2 emission in six regions, Renewable and Sustainable Energy Reviews,484-498.
4.  Armen & Zareeh 1384 ,Study Granger causality relationship between energy consumption and economic growth in Iran during 81-1346, Quarterly economic research,vol 24,page 117-143.
5.  Ben Aïssa, Mohamed Safouane & Ben Jebli, Mehdi & Ben Youssef, Slim, )2014(. "Output, renewable energy consumption and trade in Africa," Energy Policy, vol. 66(C), 11-18.
6.  Ben Jebli, Mehdi & Ben Youssef , Slim , (2015), "Output, renewable and non-renewable energy consumption and international trade: Evidence from a panel of 69 countries", Renewable Energy,799-808. [DOI:10.1016/j.renene.2015.04.061]
7. ♣ Brendt, E. R ., Wood, D. O.Technology, price and derived demand for energy. The Review of Economics and Statistics, Vol. 57, No. 3 (Aug., 1975), pp. 259-268. [DOI:10.2307/1923910]
8.  data bases. html.
9.  Giles, J.A., Williams, C.L., 2000a. Export-led growth: a survey of the empirical literature and some non-causality results: part 1. Journal of International Trade and Economic Development 9, 261–337.
10.  Giles, J.A., Williams, C.L., 2000b. Export-led growth: a survey of the empirical literature and some non-causality results: part 2. Journal of International Trade and Economic Development 9, 445–470.
11.  Heydari & Saeedpor 1391, Econometric analysis of the dynamics of the relationship between GDP, energy consumption and non-oil export in Iran, Quarterly Economic Studies,vol33,page 53-83.
12.  Hossain, M. S., 2012. Multivariate Granger Causality between Economic Growth, Electricity Consumption, Exports and Remittance for the Panel of Three SAARC Countries. Global Journal of Management and Business Research 12, 40-54.
13.  Jobert, T. Karanfil, F.(2007). Sectoral energy consumption by source and economic growth in Turkey, Energy policy, vol 35, issue 11, 5447-5456.
14.  Maleki (2008); The relationship between causality between energy consumption and economic growth in Iran; Master's thesis, Shahid Beheshti Univercity.
15.  Mehrara, M. (2007). Energy consumption and economic growth: the case of oil exporting countries, Energy policy, vol 35, issue 5, 2939-2945.
16.  Mehrara, Mohsen. (2006),The Relationship Between Energy Consumption and Economic Growth in Iran. Iranian Economic Review,10, 137-148 .
17.  Narayan, P.K., Smyth, R., (2009), Multivariate granger causality between electricityconsumption, exports and GDP: Evidence from a panel of Middle Eastern countries. Energy Policy 37, 229-236. [DOI:10.1016/j.enpol.2008.08.020]
18.  Pedroni, P., 2001. Purchasing power parity tests in cointegrated panels. The Review of Economics and Statistics 83, 727–731.
19.  Pindyck, R. S.(1979). The structure of world energy demand, MIT Press, Cambridge ,MA.
20.  Rafindadi, Abdulkadir Abdul Rashid and Ozturk, Ilhan, (2015), Effects of financial development, economic growth and trade on electricity consumption: Evidence from post-Fukushima Japan, RenewableandSustainableEnergyReviews,1073-1084.
21.  Sadorsky, P., 2011b. Trade and energy consumption in the Middle East, Energy Economics, 33, 739-749.
22.  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 3, 59-68.
23.  Shakeri, A. (2008), Theory and macroeconomic policies, (vol 2),Tehran, Pars Nvysa Publications.
24.  US EIA, (2010) International Energy Outlook.www.eia.gov/ oiaf/ ieo/ index.html.
25.  Vaffi Najjar 1384, Statistical analysis of the relationship between Granger GDP energy consumption and energy inputs tension calculation using the production function (1382-1343), Quarterly Economic Studies,vol 5,page 55-73.
26.  World Bank, (2014). World Development Indicators. Accessed at http://www.worldbank.org/data/onlinedatabases/online.
27.  Zamanzade 1389, A decade mirrors the performance of the economy in macroeconomic indicators, Economy News,vol 129,page 35-4

Add your comments about this article : Your username or Email:

Send email to the article author

Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

© 2021 CC BY-NC 4.0 | Journal of Economic Modeling Research

Designed & Developed by : Yektaweb