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Does any nexus between electricity consumption and economic growth exist? Evidence from Haryana using VAR model
Indian Growth and Development Review Pub Date : 2021-08-04 , DOI: 10.1108/igdr-10-2020-0153
Kamaljit Singh 1
Affiliation  

Purpose

In the fast-changing technological environment, electricity is the essence of the world economy and a significant means for all the modern world’s possessions. The ongoing economic downturn focuses on energy’s role in the economy. This study aims to explore the nexuses between per capita electricity usage and per capita state gross domestic product (SGDP) in Haryana, India.

Design/methodology/approach

The statistics from 1989 to 2015 have been analyzed using Johansen cointegration, vector autoregression and paired Granger-causality test.

Findings

The Granger causality test results show that a long-run association is absent. A short-run unidirectional relationship runs from per capita SGDP to per capita electricity usage.

Practical implications

As a policy suggestion, the policymakers may encourage energy conservation measures and renewable energy sources to lead the country’s sustainable energy supply. Moreover, Haryana can increase its influence in this sector and enter rapidly in the growing markets worldwide by stimulating the production and adoption of digital solutions for energy efficiency.

Originality/value

To the best of the author’s awareness, this research is one of its nature regarding systematically analyzing electricity usage and economic growth relationship in Haryana.



中文翻译:

电力消费与经济增长之间是否存在关联?来自哈里亚纳邦使用 VAR 模型的证据

目的

在瞬息万变的技术环境中,电力是世界经济的本质,也是现代世界所有财产的重要手段。持续的经济低迷集中在能源在经济中的作用上。本研究旨在探讨印度哈里亚纳邦人均用电量与人均国家国内生产总值 (SGDP) 之间的关系。

设计/方法/方法

使用约翰森协整、向量自回归和配对格兰杰因果检验分析了 1989 年至 2015 年的统计数据。

发现

格兰杰因果检验结果表明不存在长期关联。短期单向关系从人均 SGDP 到人均用电量。

实际影响

作为政策建议,政策制定者可能会鼓励采取节能措施和可再生能源来引领国家的可持续能源供应。此外,哈里亚纳邦可以通过刺激能源效率数字解决方案的生产和采用来增加其在该领域的影响力并迅速进入全球不断增长的市场。

原创性/价值

据作者所知,这项研究是系统分析哈里亚纳邦电力使用和经济增长关系的性质之一。

更新日期:2021-10-01
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