Multivariate Granger causality between economic growth, electricity consumption, exports and remittance for the panel of three SAARC countries

Dr. Md. Sharif Hossain
Dr. Md. Sharif Hossain * §
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Multivariate Granger causality between economic growth, electricity consumption, exports and remittance for the panel of three SAARC countries

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Abstract

This paper empirically examines the dynamic causal relationship between economic growth, electricity consumption, export values and remittance for the panel of three SAARC countries using the time series data for the period 1976-2009. Using four different panel unit root tests it is found that all the panel variables are integrated of order 1. From the Johansen Fisher panel conintegration and Kao tests it is found that all the panel variables are cointegrated. The panel Granger F test results support that there is only bidirectional short-run causal relationship between economic growth and export values but there is no evidence of long-run causal relationship. It is found that the long-run elasticity of economic growth with respect to electricity consumption and remittance are higher than short run elasticity. This means that over time higher electricity consumption and higher remittance from manpower supply in the panel of SAARC countries give rise to more economic growth.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Dr. Hossain, Dr. Hossain. 1970. "Multivariate Granger causality between economic growth, electricity consumption, exports and remittance for the panel of three SAARC countries". Global Journal of Management and Business Research GJMBR Volume 12, GJMBR-A Volume 12 (GJMBR Volume 12 Issue F4).

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords
Panel cointegration testsPanel Granger causality testsPanel unit root testsShort-run and longrun elasticities
Classification
GJMBR Classification JEL Code: C23
C32
C33
O50
O57
Q40
  • Submission ReceivedFebruary 4, 2012
  • Peer Review Double Blind
    Handling Editor
  • Accepted February 29, 2012
  • Published March 15, 2012
Version of record

v1.2

Issue date
March 21, 2012

Language
English
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Multivariate Granger causality between economic growth, electricity consumption, exports and remittance for the panel of three SAARC countries

Dr. Hossain
Dr. Hossain Kyushu University
Dr. Hossain
Dr. Hossain
  • Submission ReceivedFebruary 4, 2012
  • Peer Review Double Blind
    Handling Editor
  • Accepted February 29, 2012
  • Published March 15, 2012