Effects of foreign direct investment, economic integration, industrialization and economic growth on energy intensity: case of India (Record no. 134223)

MARC details
000 -LEADER
fixed length control field 03139nam a2200229Ia 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 241008s9999||||xx |||||||||||||| ||und||
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 2509-7954
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Naimoglu, Mustafa
9 (RLIN) 122163
245 #0 - TITLE STATEMENT
Title Effects of foreign direct investment, economic integration, industrialization and economic growth on energy intensity: case of India
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Asia-Pacific Journal of Regional Science
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2024
300 ## - PHYSICAL DESCRIPTION
Extent 333-354
520 ## - SUMMARY, ETC.
Abstract India is a developing market economy that comprised over 18% of the global population in 2020 and showed a 1.29% share of world GDP (Gross Domestic Product) in 1990. In addition, 3.20% of global energy consumption belonged to India in 1990. By 2020, India's share of the world GDP was 3.08%, increasing its GDP by almost 3 times. However, energy usage increased by less than 2 times with a share of 6.25% in the worlD's total energy consumption. Therefore, India managed to decrease its energy intensity per capita level by 64.35% in 2020 compared to 1990 by using less energy even with an increased income. In this context, this study investigated the question of how the Indian economy reduced its energy intensity for the period between 1990 and 2020. The impacts of GDP per capita, economic integration, foreign direct investments (FDI) and industrialization on energy intensity were analyzed using annual data from 1990 to 2020. First, the standard Augmented Dickey-Fuller Test (ADF) and Fourier ADF test methods were used to determine stationarity of the series. Then Fourier Autoregressive Distributed Lag (ADL) and Fourier Engle-Granger tests, recently introduced in the literature, were used to examine the cointegration relationships because all of the series were stable after subtracting the first differences. The results indicated a cointegration link between the variables. According to the empirical evidence obtained from FMOLS/CCR (DOLS) analysis, an increase of 1% in economic growth and foreign direct investment over the long run led to a decrease in energy intensity of approximately 1.08%/1.12% (1.14%) and 0.01%/0.001% (0.05%), respectively. Additionally, the results from FMOLS/CCR (DOLS) analysis indicated that a 1% rise in industrialization and trade openness in the long term resulted in an increase in energy intensity of approximately 0.25%/0.13% (0.39%) and 0.15%/0.18% (0.21%), respectively. Finally, fully modified ordinary least squares (FMOLS), Charnes, Cooper and Rhodes Model (CCR), and Stock-Watson Dynamic Ordinary Least Squares (DOLS) estimators were used for short and long-term coefficient estimations. Therefore, we conclude based on these findings that economic growth and foreign capital decrease energy intensity over the long term, while industrialization and economic integration increase energy intensity.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Economic Integration
9 (RLIN) 733
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Energy Intensity
9 (RLIN) 122164
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Foreign Direct Investment
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Time Series
9 (RLIN) 1300
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Economic Growth
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Kavaz, Ismail
9 (RLIN) 122165
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Simsek, Ahmed Ihsan
9 (RLIN) 122166
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://doi.org/10.1007/s41685-024-00329-7">https://doi.org/10.1007/s41685-024-00329-7</a>
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha biblionumber 134223
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        Dr VKRV Rao Library Dr VKRV Rao Library 08/10/2024 Vol. 8, No. 1   AI507 08/10/2024 08/10/2024 Article Index