Publication:
Multivariate cointegration and causality between electricity consumption, economic growth, foreign direct investment and exports: Recent evidence from Vietnam

Issued Date

2017-01-01

Resource Type

Article

ISSN

21464553

Other identifier(s)

2-s2.0-85025113053

Rights

Mahidol University

Rights Holder(s)

SCOPUS

Bibliographic Citation

International Journal of Energy Economics and Policy. Vol.7, No.3 (2017), 287-293

Suggested Citation

Tuyen Ngoc Nguyen, Winai Wongsurawat Multivariate cointegration and causality between electricity consumption, economic growth, foreign direct investment and exports: Recent evidence from Vietnam. International Journal of Energy Economics and Policy. Vol.7, No.3 (2017), 287-293. Retrieved from: https://repository.li.mahidol.ac.th/handle/20.500.14594/42526

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Title

Multivariate cointegration and causality between electricity consumption, economic growth, foreign direct investment and exports: Recent evidence from Vietnam

Author(s)

Tuyen Ngoc Nguyen
 Winai Wongsurawat

Other Contributor(s)

Asian Institute of Technology Thailand
 Mahidol University

Abstract

© 2017, Econjournals. All rights reserved. This paper investigates the relationship between electricity consumption (EC), economic growth, exports and foreign direct investment (FDI) in Vietnam using time series data from 1980 to 2013. Findings will benefit investors and policy makers who must make long term plans on energy investment and regulate electricity pricing. Our results indicate that real gross domestic product (GDP), EC, exports (EX) and FDI in Vietnam are cointegrated. There is unidirectional Granger causality running from real GDP to EC, EX and FDI, but not vice versa. The data also show that there is bidirectional Granger causality between EC and EX.

Keyword(s)

Economics, Econometrics and Finance
 Energy

Availability

URI

https://repository.li.mahidol.ac.th/handle/20.500.14594/42526

Collections

Scopus 2016-2017