| || || Sharma, Susan Sunila.|
| || || A statistical analysis of the relationship between energy and economic growth |
Author:Sharma, Susan Sunila.
Institution: University of the South Pacific.
Call No.: pac In Process
Copyright:Under 10% of this thesis may be copied without the authors written permission
Abstract: In this thesis, dynamic panel data models are used to determine the impact of electricity and non-electricity variables on economic growth for a global panel consisting of 66 countries. To make the panel data analysis more homogenous, the energy-economic growth relationships for a number of sub-panels are estimated. These panels are based on regional location of countries; hence, ending up with four regional panels, namely East/South Asian and the Pacific region, Europe and Central Asian region, Latin America and Caribbean region, and Sub-Saharan, North Africa and Middle Eastern region. In total, six proxies for energy are used, namely energy use (kg of oil equivalent per capita), energy use (kt of oil equivalent), electric power consumption (kWh), electricity production (kWh), energy production (kt of oil equivalent), and fossil fuel energy consumption (as a percentage of total consumption). The time component of my dataset is 1986-2005 inclusive. The empirical analysis is performed using a sound theoretical framework that draws on growth theory and augment the classical growth model, which consists of inflation, capital stock, and trade, with energy.