Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2018.10.060 |
The asymmetric role of shadow economy in the energy-growth nexus in Bolivia | |
Benkraiem, Ramzi1; Lahiani, Amine2,3; Miloudi, Anthony4,5; Shahbaz, Muhammad3 | |
2019-02-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2019 |
卷号 | 125页码:405-417 |
文章类型 | Article |
语种 | 英语 |
国家 | France |
英文摘要 | This paper estimates the energy demand function to examine the asymmetric relationship between the shadow economy and energy consumption in the case of Bolivia during the period of 1960-2015. The ambiguous empirical findings on shadow economy-energy demand nexus has inclined us to apply the nonlinear ARDL cointegration approach developed by Shin et al. (2014) and the Hatemi-J (2012) asymmetric causality test. The empirical evidence confirms the presence of an asymmetric relationship between the variables of interest. Positive and negative shocks to official GDP (true GDP) and the shadow economy have positive impacts on energy consumption. Energy consumption is positively and negatively affected by positive and negative shocks in financial development, respectively. A positive (negative) shock to capital decreases energy consumption. Another important finding concerns the complex causal direction between economic growth and energy consumption. This study provides new insights regarding to the use of official GDP (true GDP) and the shadow economy as economic tools to maintain energy demand for sustainable economic development. |
英文关键词 | Shadow economy Energy consumption Bolivia Asymmetries |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000456758600039 |
WOS关键词 | OIL-PRICE SHOCK ; FINANCIAL DEVELOPMENT ; ELECTRICITY CONSUMPTION ; PANEL-DATA ; CAUSAL RELATIONSHIP ; UNRECORDED ECONOMY ; GREAT CRASH ; LONG-RUN ; TRADE ; GDP |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/16516 |
专题 | 气候变化 |
作者单位 | 1.Audencia Business Sch, Inst Finance, Nantes, France; 2.Univ Orleans, LEO, Orleans, France; 3.Montpellier Business Sch, Montpellier, France; 4.La Rochelle Business Sch, La Rochelle, France; 5.Univ Poitiers, CRIEF, Poitiers, France |
推荐引用方式 GB/T 7714 | Benkraiem, Ramzi,Lahiani, Amine,Miloudi, Anthony,et al. The asymmetric role of shadow economy in the energy-growth nexus in Bolivia[J]. ENERGY POLICY,2019,125:405-417. |
APA | Benkraiem, Ramzi,Lahiani, Amine,Miloudi, Anthony,&Shahbaz, Muhammad.(2019).The asymmetric role of shadow economy in the energy-growth nexus in Bolivia.ENERGY POLICY,125,405-417. |
MLA | Benkraiem, Ramzi,et al."The asymmetric role of shadow economy in the energy-growth nexus in Bolivia".ENERGY POLICY 125(2019):405-417. |
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