Do gross domestic product changes have asymmetric effects on India’s energy use?

Authors

  • Manzoor Ahmad
  • Zia Ullah Khan
  • Shehzad Khan Abdul Wali Khan University Mardan, Garden Campus, Toru Road, Mardan, Khyber Pakhtunkhwa, Pakistan.

DOI:

https://doi.org/10.34260/jaebs.111

Keywords:

GDP, Energy use, NARDL, India, Asymmetric

Abstract

The existing literature on the linkage between Gross Domestic Product (GDP) and energy use in both industrialized and developing economies usually assumes that the impacts of gross domestic product changes are symmetric. In this study, we utilized nonlinear autoregressive distributed lag (NARDL) model and test whether or not the effect of variations in the gross domestic product on energy use is symmetric or asymmetric from the context of India. Using time series data over 1971-2014, the findings depict that the change in the gross domestic product has a symmetric effect on energy use both in short-run and the long-run. Our conclusions infer that there is no asymmetrical association between GDP and energy use, leading to support the symmetric impact of GDP on energy use.

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Author Biographies

Manzoor Ahmad

PhD Scholar, Department of Industrial Economics, Nanjing University, Nanjing, China

Zia Ullah Khan

School of Business Administration, Department of Industrial Economics, Southwestern University of Finance and economics, China

Paper

Published

2017-12-30 — Updated on 2017-12-30

How to Cite

Ahmad, M., Khan, Z. U. ., & Khan, S. (2017). Do gross domestic product changes have asymmetric effects on India’s energy use? . Journal of Applied Economics and Business Studies, 1(1), 1-10. https://doi.org/10.34260/jaebs.111