Energy Demand And Economic Growth by Corazon M Siddayao

Author:Corazon M Siddayao [Siddayao, Corazon M]
Language: eng
Format: epub
ISBN: 9780367008703
Google: pDu8zgEACAAJ
Publisher: Taylor & Francis Group
Published: 2021-11-29T05:29:17+00:00

* * *

Area Period Income Price R2(R2) D.W.

* * *

Asian NDIIDCsb 1960-1980c 1.35 (17.60) -0.10 (-2.83) 0.9806 (0.9793) 0.5120

1961-1980c 1.26 (17.66) -0.09 (-2.66) 0.9827 (0.9815) 0.5843

1960-1973c 1.54 (14.89) -0.84 (-3.88) 0.9781 (0.9759) 0.7914

1961-1973c,d 1.24 (12.02) -1.38 (-5.04) 0.9816 (0.9796) 1.0011

1973-1980c 1.01 (10.26) -0.04 (-1.82) 0.9986 (0.9984) 1.6188

1973-1980d 1.01 (10.18) -0.04 (-1.84) 0.9986 (0.9984) 1.8053

South Asia 1960-1980c 0.83 (6.09) -0.03 (-0.60)* 0.9688 (0.9662) 0.4833

1961-1980c,d 0.82 (6.53) -0.04 (-0.86) 0.9703 (0.9678) 0.5896

1960-1973c 1.05 (4.91) -0.78 (-2.21) 0.9669 (0.9628) 0.5624

1961-1973c,d 0.83 (4.16) -1.25 (-2.86) 0.9696 (0.9656) 0.9582

1973-1980 0.92 (3.69) -0.02 (-0.72)* 0.9965 (0.9950) 1.4076

1973-1980d 0.98 (4.17) -0.04 (-1.22) 0.9966 (0.9959) 1.5750

East and Southeast Asia 1960-1980e 1.18 (6.75) -0.07 (-1.60) 0.9872 (0.9862) —

1961-1980d 1.48 (20.01) -0.14 (-3.20) 0.9747 (0.9726) 0.7100

1960-1973 1.76 (18.71) -0.75 (-3.34) 0.9680 (0.9641) 1.1059

1961-1973d 1.45 (15.26) -1.34 (-4.59) 0.9753 (0.9721) 1.0903

1973-1980 1.05 (10.79) -0.06 (-1.93) 0.9972 (0.9965) 1.4559

1973-1980d 1.02 (9.43) -0.03 (-1.19) 0.9970 (0.9962) 1.8853

Producers 1960-1980 1.42 (12.19) -0.01 (-0.32)* 0.9851 (0.9836) 1.1707

1961-1980d 1.40 (11.70) 0.005? (0.15)* 0.9852 0.9838 1.2332

1960-1973 1.41 (9.57) -0.13 (-0.67)* 0.9845 (0.9823) 1.4410

1961-1973d 1.42 (8.22) -0.19 (-0.72)* 0.9851 (0.9829) 1.5220

1973-1980 1.02 (2.73) 0.07? (0.81)* 0.9858 (0.9819) 0.7001

1973-1980d 0.92 (2.68) 0.10? (1.43) 0.9868 (0.9832) 0.8496

a The following function was estimated in log-linear form:Ep = Ep(Yp, P, Di, U) , where Ep = energy per capita usef Yp = Gross Domestic product per capita, P = Saudi Arabian light crude f.o.b. Fas Ifcnura, D = dummy variable for the countries, and U = a stochastic variable. Prices and income data are in 1975 constant U.S. dollars. The Ordinary Least Squares (OIS) method was used except where otherwise noted. Prices were at zero and one-year lags. The lagged results are indicated by footnote d.

b Includes Nepal.

c Pakistan data 1961-1980; Bangladesh 1972-1980 included only where appropriate.

d OLS with price variable lagged one year.

e Maximum Likelihood (ML) method, autoregressive with modified Cochrane-Orcutt procedure.

* Not statistically significant.

? Unexpected result.

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