رابطه رشد انرژی اقتصادی و میزان انتشار آلاینده : مورد مالزی
|کد مقاله||سال انتشار||مقاله انگلیسی||ترجمه فارسی||تعداد کلمات|
|6747||2012||7 صفحه PDF||سفارش دهید||محاسبه نشده|
Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)
Journal : Procedia - Social and Behavioral Sciences, Volume 65, 3 December 2012, Pages 1–7
The objective of this study is to investigate the causal relationships between energy consumption, economic growth and pollutant emissions for Malaysia over the period 1970-2010. By applying techniques of cointegration and vector error correction modelling, the result shows the existence of the long-run relationship between energy consumption, economic growth and emission. The results also point to a unidirectional causality running from economic growth to energy consumption, from pollutant emissions to energy consumption and from pollutant emissions to economic growth.
In recent years, there has been a vast increase in awareness in the environment and its interaction with the economy. In general, there is interdependence between the economy and the environment and this interdependence operates in both directions. For instance, economic development can have major impact on the environment and in the long run, environmental change may have feedback effects to the economy. As Malaysia’s economic activities globalize, there is a strong interactive connections between economic and energy supply and demand. Malaysia energy sector is still heavily dependent on fuel such as crude oil, natural gas and coal as a source of energy. Today, around 95% of the Malaysia’s energy demands are met by fossil fuels, which will continue to be the predominant source of energy. However, at the same time, the consumption of these non-renewable fuels is gradually depleting and can contribute to hugeamount of greenhouse gas emission (GHG). Therefore, considering to this scenario, there is an interesting question needs to be considered. Will Malaysia be able to sustain economic growth without running into resource constraints or despoiling the environment?In order to overcome the phenomena, the government of Malaysia is aware of its role in formulating its national energy development policies, which is sensitive towards the environment and the sustainability of energy resources. However, to curb the greenhouse gas emissions and to ensure the sustainability of the economic development, it is important to better understand the link between greenhouse gas emission, energy consumption and economic growth. In the energy economics literature, the linkages between energy and the economy have been addressed in several ways, which largely reflect the theoretical background of each approach. Within the neoclassical theory of economic growth, the focus has been on the interaction between energy, technical progress, productivity as well as examining the substitutability or complementarity between energy and other factors of production (Berndt and Wood, 1975). This framework is also supported by Ghali El- Sakka (2004) and Soytas and Sari (2007) where they viewed energy as an important input in the production process. In the same context, but from a different perspective, Toman and Jemelkova (2003) examine the relationship of energy development with economic development, that is, how energy usage is driven by economic development. They claimed that the linkages among energy and economic growth vary with the stages of the development process and conclude that energy development is an important component of economic development. For instance, at the lowest level of development, energy mainly comes from biological sources (wood, dung, sunshine for drying) and human effort. In the intermediate stages, more processed biofuels (charcoal/fuel wood), animal power and some commercial fossil energy become more important. In the most advanced stages of development, commercial fuels like electricity become prevalent. In contrast to the above study, Stern and Cleveland (2004) adopt a different point of view on the relationship between energy and economic development. Building on a strand of ecological economics, they emphasize that there are limits to both technical progress and substitution possibilities between inputs (i.e. energy, capital, labour, etc.) in the production process (Stern, 1997). Therefore, they suggest that all economic processes require energy as an essential factor of production and conclude that energy is necessary for growth. Based on the above discussions, there are four views exist regarding the causal relationship between energy consumption and economic growth. The first view considers economic development as the main driver for energy demand. The second view stressed the importance of considering energy as an essential factor of production and thus suggested that energy is necessary for economic growth. The third view contends that both energy consumption and economic growth cause each other, i.e. that there is a bidirectional causality between energy consumption and economic growth. The fourth view argues that there is no causal relationship between energy consumption and economic growth. Empirical findings, on the other hand, are not unanimous in their results and this leads to a commonly accepted conclusion that the discussion on the interactions of energy with the economy remains open to different interpretations. For instance, the first view has been widely supported by Azlina (2011) and Ang (2008) for the case of Malaysia, Zhang and Cheng (2009) for the case of China and Mozumder and Marathe (2007) for the case of Bangladesh. The empirical work, which is consistent with the second view, includes studies such as Menyah and Rufael (2010) for the case of South Africa and Narayan and Smyth (2008) for the case of G7 countries. The third view, which maintains that both energy consumption and economic growth Granger cause each other has been widely supported by studies such as Chang (2010) for China and Paul and Bhattacharya (2004) for India. Finally, the fourth view has been supported by the studies of Jobert and Karanfil (2007) and Altinay and Karagol (2004), both for the case of Turkey. Recently, there is an emerging line of literature to analyze the linkages between energy consumption and economic growth due to the increasing attention of environmental issues and policies needed to reduce greenhouse gas emissions. Studies show that economic growth is major driving forces behind increased energy use and a cause of CO2 emissions. See for example, Hamit-Haggar (2012), Zhang and Cheng (2009) and Ang (2008), amongst others.Therefore, the purpose of this paper is to fill the gap by studying the causality between energy consumption and economic growth using multivariate models, which are closer to economic theory. The framework for the analysis is the economic interaction between energy demand, economic growth and pollutant emissions. The Vector Error Correction Model (VECM) approach used in this paper allows all these variables to be endogenous, thereby allowing for additional channels of causality. For example, it allows for both energy and GDP to have a causal relationship with a third endogenous variable, without restricting the direction of this relationship. This would explain the correlation between GDP and energy without implying that there is a causal relationship between the two. The results of this study is expected to be an important reference for the government of Malaysia to formulate the long-term energy policies in order to ensure the long-term reliability and security of energy resource and environmental sustainability without having to jeopardize its economic growth. The rest of the paper is structured as follows. Section 2 deals with the empirical model specification, a description of the data used in the empirical analysis and the econometric methodology. Section 3 reports the empirical results and Section 4 discusses policy implications of the findings and concludes the paper.
نتیجه گیری انگلیسی
This study examines the link between energy consumption and economic growth for Malaysia over the period 1970 to 2010. The empirical results of co-integration test show that energy consumption and economic growth are co-integrated. In addition, causality test results reveal that there is a short-run and long-run Granger causality running from economic growth to energy consumption, from pollutant emissions to energy consumption and from pollutant emissions to economic growth. The empirical results of this study provide policy makers a better understanding of energy consumption-economic growthnexus to formulate energy policies in Malaysia. In this study, since economic growth cause energy consumption, it suggests that the implementation of energy conservation policies may be implemented with little or no adverse effect on economic growth. Therefore, there is relatively more scope for energy conservation measures as a feasible policy in Malaysia. The findings of this study show that this issue still deserves further attention in future research. Malaysian economy will continue to grow particularly with the concern for environmental degradation among the new generation is fast escalating. The depletion of energy resource due to its non-renewable nature is surely happening but the extinction is an uncertainty. The plausible argument is that exploration activities for new oil wells will continue to be intensified because of commercialization and economic importance of this sector to the country. Alternatively the economy might resort to rely on the import of energy resource from outside rather than totally dependent on domestic oil which Malaysia is doing currently. One should also realize that sources of economic growth come with advancement of technology as the result of research and development. Malaysia will be influenced partly by the global achievement in technology and innovation besides her own development in this field. Cheaper and abundant resource friendly to the environmental may be developed in long run which is happening with the introduction of hybrid cars. High production cost and exhaustible energy resources will be replaced by the abundant resources of close substitutes that are friendly to the environment. The economic growth scenario for the country is surely believed to be sustained into the future.