Non-Linearity Effect of Energy Consumption on Economic Growth: Panel ASEAN-4 Countries

Kueh, Jerome Swee Hui and Yau, Josephine Tan Hwang and Audrey, Liwan and Yong, Sze Wei (2020) Non-Linearity Effect of Energy Consumption on Economic Growth: Panel ASEAN-4 Countries. International Journal of Academic Research in Business and Social Sciences, 10 (8). pp. 862-871. ISSN 2222-6990

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Abstract

The aim of the study is to investigate the impact of energy consumption on economic growth in ASEAN-4 countries as a whole. In addition, the effect of the non-linearity of the relationship between energy consumption and growth is examined using Threshold Analysis method for the period of 1980 to 2014. Empirical findings indicate that energy consumption has significant positive impact on economic growth in ASEAN-4 countries in the long-run. Furthermore, the non-linearity results show that the impact of the energy consumption on growth become greater when the energy consumption is above the threshold level. This implies that more usage of energy may contribute to the economic growth. Keywords: Energy Consumption, ASEAN-4, Non-Linearity.

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