Energy Use-Trade Nexus. What Does the Data Set Say for Thailand?
Abstract
The main objective of this paper is to examine the relationship between energy use, exports, and imports in Thailand. The annual data from 1979 to 2012 are employed. The results from bounds testing for co-integration reveal that energy use is the main determinant of exports and imports. The results from short-run dynamics indicate that there is long-run causality running from energy use to exports and imports. Policy implication based upon the results of this study is that energy policy should be designed so as to generate sufficient energy for production in the exported and energy-intensive imported goods.However, trade and environmental problems should not be separable.References
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[4] Engle, R.F., Granger, C.W.F (1987). Co-integration and error correction: representation, estimation and testing, Econometica, 55: 251-276. DOI:10.2307/1913236
[5] Jayadevappa, R., Chhatre, S. (2000). International trade and environmental quality: a survey, Environmental Economics, 32: 175-194. DOI:10.1016/S0921-8009(99)00094-4
[6] Kahrl, F., Roland-Holst, D. (2008). Energy and exports in China, China Economic Review, 19: 649-658. DOI:10.1016/j.chieco.2008.05.004
[7] Lean, H.H., Smyth, R. (2010). On the dynamics of aggregate output, electricity consumption and exports in Malaysis: evidence from multivariate Granger causality tests, Applied Energy, 87: 1963-1971. DOI:10.1016/j.apenergy.2009.11.017
[8] Narayan, P.K., Smyth, R. (2009). Multivariate Granger causality between electricity consumption, exports and GDP: evidence from a panel of Middle Eastern countries, Energy Policy, 37: 229-236. DOI:10.1016/j.enpol.2008.08.020
[9] Ozturk, L. (2010). A literature survey on energy - growth nexus, Energy Policy 38: 340-349. DOI:10.1016/j.enpol.2009.09.024
[10] Pesaran, M.H., Shin, Y., Smith, R.J. (2001). Bounds testing approaches to the analysis of level relationship, Journal of Applied Econometrics, 16: 289-326. DOI:10.1002/jae.616
[11] Phillips, P.C.B., Perron, P. (1988). Testing for a unit root in time series regression, Biometrika, 75: 335-346. DOI:10.1093/biomet/75.2.335
[12] Sadorsky, P. (2011). Trade and energy consumption in the Middle East, Energy Economics, 33: 739-749. DOI:10.1016/j.eneco.2010.12.012
[13] Sadorsky, P. (2012). Energy consumption, output and trade in South America, Energy Economics 34: 476-488. DOI:10.1016/j.eneco.2011.12.008
[14] Turan Katircioglu, S. (2013). Interactions between energy and imports in Singapore: empirical evidence from conditional error correction models, Energy Policy, 63: 514-520. DOI:10.1016/j.enpol.2013.08.037
Published
2016-11-14
How to Cite
JIRANYAKUL, Komain.
Energy Use-Trade Nexus. What Does the Data Set Say for Thailand?.
Journal of Environmental Management and Tourism, [S.l.], v. 5, n. 1, p. 5-12, nov. 2016.
ISSN 2068-7729.
Available at: <https://journals.aserspublishing.eu/jemt/article/view/393>. Date accessed: 03 july 2024.
Section
Journal of Environmental Management and Tourism
Keywords
Energy use; exports; imports; co-integration; causality
Copyright© 2023 The Author(s). Published by ASERS Publishing 2023. This is an open access article distributed under the terms of CC-BY 4.0 license.