Nexus Between Energy Consumption and Economic Growth: Empirical Evidence From India

dc.contributor.authorHabib, Musavir Ul
dc.contributor.authorMishra, P. K.
dc.date.accessioned2018-01-04T11:08:40Z
dc.date.accessioned2024-08-14T08:48:42Z
dc.date.available2018-01-04T11:08:40Z
dc.date.available2024-08-14T08:48:42Z
dc.date.issued2017
dc.description.abstractEnergy consumption has assumed an indispensible importance in the modern era as it plays a significant role in national production and human development. In particular, the importance of electricity consumption in socio-economic development of a nation cannot be overemphasized. The shortages in the electricity supplies retard the economic growth as most of the economic activities can’t be undertaken altogether due to power outages. In this context, this paper examines the nexus between electricity consumption and economic growth of India for the period 1971 to 2014 by incorporating the energy as measured by electricity consumption in the Mankew-Romer-Weil empirical model of economic growth. The use of Toda-Yamamoto Granger non-causality test lends to support the conservation hypothesis that economic growth is the driver of energy consumption. Thus, the implication is that the energy conservation policy can be adopted without having adverse effects on economic growth of India.en_US
dc.identifier.citationHabib, M. & Mishra, P. K. (2017): Nexus between Energy Consumption and Economic Growth in India: Cointegration and Causality, Asian Journal of Advanced Studies, 3(4), 17-24en_US
dc.identifier.issn2395-4965
dc.identifier.urihttps://kr.cup.edu.in/handle/32116/484
dc.language.isoen_USen_US
dc.publisherAsian Journals of Advance Studiesen_US
dc.subjectEnergyen_US
dc.subjectElectricityen_US
dc.subjectEnergy Conservationen_US
dc.subjectEconomic Growthen_US
dc.subjectIndiaen_US
dc.titleNexus Between Energy Consumption and Economic Growth: Empirical Evidence From Indiaen_US
dc.typeArticleen_US

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