Energy consumption and economic growth: assessing the evidence from Sri Lanka

Dissanayaka, Ajith

UoK Repository Home
→
Social Sciences
→
Economics
→
View Item

dc.contributor.author	Dissanayaka, Ajith
dc.date.accessioned	2015-02-18T03:34:33Z
dc.date.available	2015-02-18T03:34:33Z
dc.date.issued	2014
dc.identifier	Economics	en_US
dc.identifier.citation	2nd International conference on Advances in Social Sciences, Economics and Management (2014), pp.42-46, doi: 10.15224/ 978-1-63248-052-1-78	en_US
dc.identifier.isbn	978-1-63248-052
dc.identifier.uri	http://repository.kln.ac.lk/handle/123456789/5306
dc.description.abstract	Abstract-- This study attempts to shed light into the empirical relationship between energy consumption and economic growth in Sri Lanka (1981-2012) employing the vector error-correction model estimation (VECM). The vector specification includes energy consumption, real GDP and price developments, and the latter was taken to represent a measure of economic efficiency. The empirical evidence suggests that there is a long-run relationship among the three variables, supporting the endogeneity of energy consumption and real output. These findings suggest important policy implications, since the adoption of suitable structural policies aiming at improving economic efficiency can induce energy consumption without impeding economic growth. Keywords— Keywords: Energy consumption, Economic growth and Vector error-correction model (VECM). I. Introduction	en_US
dc.language.iso	en	en_US
dc.publisher	Institute of Research Engineers and Doctors	en_US
dc.subject	Economic growth	en_US
dc.subject	Economic condition - Geographical aspects	en_US
dc.title	Energy consumption and economic growth: assessing the evidence from Sri Lanka	en_US
dc.type	Article	en_US