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VOL. 10, ISSUE 2 (2024)
An empirical investigation of the Energy-Led growth hypothesis in India
Authors
Rizwan Qasim, Arifur Rahman Rifat
Abstract
The present research paper seeks to examine
the energy-led growth hypothesis in India by analyzing the time series data
from 1990 to 2021. The classification of energy sources as renewable (RE) and
nonrenewable (NRE) is determined through the composite index. The production of
solar energy and hydropower is quantified in terawatt-hours. It is classified
as renewable energy, whereas coal, oil, and gases are given as percentages to
indicate non-renewable energy sources. The results from the dynamic ordinary
least squares analysis indicate a positive and significant association between
the independent variables (RE and NRE) and the dependent variable (EG). On the
other hand Granger causality analysis reveals only a bidirectional causal
connection between EG and RE. Additionally, the outcomes of the robustness
results (FMOLS and CCR) confirm the findings obtained from the DOLS technique.
Overall, the study provides evidence in support of the energy-led growth
concept.
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Pages:43-47
How to cite this article:
Rizwan Qasim, Arifur Rahman Rifat "An empirical investigation of the Energy-Led growth hypothesis in India". International Journal of Humanities and Social Science Research, Vol 10, Issue 2, 2024, Pages 43-47
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