HomeDespre ECTAEventsPolitica editorialaTrimite un articolParteneri / link-uri utileArchiveAbonamentContact

ISSN 1841-8678   (print)
ISSN 1844-0029   (online)


Archive ECTAP

Note: for the period 1994-2003 the archive of the magazine will not be available online

Supplements ECTAP

If you cannot open the pdf file you need Adobe Reader.
download Adobe Reader

Creative Commons License

Theoretical and Applied Economics
No. 3 / 2020 (624), Autumn

The causal relationship between Indian energy consumption and the GDP: A shift from conservation to feedback hypothesis post economic liberalisation

National Mission on Himalayan Studies and Kumaun University, Uttarakhand, India
Rajnish PANDE
Kumaun University, Uttarakhand, India
Centre for Environmental Assessment and Climate Change, Uttarakhand, India

Abstract. Fossil fuels are the main source of energy generation, which on one hand induces development and on the other hand increases emissions. This creates a dissonance between energy consumption and economic growth. In the recent years, liberalisation and policy transformations took place in India rapidly particularly after the 1990s. Therefore we developed relationship between per capita energy consumption and economic growth (Gross Domestic Product as an indicator) for this era (1991-2014). Toda-Yamamoto causality test framework of vector autoregressive model was used to test the relationship between the two. In contrast to earlier studies, our results present a bidirectional causality which shows that economic growth demands energy vis-a-vis energy consumption induces economic growth. Harmonized implications of these results are crucial input to policy purposes for inclusive development.

Keywords: energy consumption, economic growth, Toda-Yamamoto causality test, VAR model.

Download the full article:  


Open acces




The Economicity. The Epistemic Landscape, Marin Dinu, 2016


ISSN 1841-8678 (ediția print) / ISSN 1844-0029 (ediția online)
© Copyright Asociația Generală a Economiștilor din România (AGER) / General Association of Economists From Romania  (GAER)
Redacția: 010702, București, Calea Griviței nr. 21, sector 1, E-mail:

© 2006-2024 AGER