Determining Energy Consumption Function under Nonlinearity and Structural Break in India: An Empirical Investigation (Record no. 134639)

MARC details
000 -LEADER
fixed length control field 02815nas a2200241Ia 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 241128c99999999xx |||||||||||| ||und||
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 2364-1045
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Sharma, Rajesh
9 (RLIN) 123955
245 #0 - TITLE STATEMENT
Title Determining Energy Consumption Function under Nonlinearity and Structural Break in India: An Empirical Investigation
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Journal of Quantitative Economics
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2024
300 ## - PHYSICAL DESCRIPTION
Extent 339-363
520 ## - SUMMARY, ETC.
Abstract Using the nonlinear autoregressive bounds approach, the proposed study highlights that not only upside but also downside (i.e., positive and negative) variations in GDP, globalization index, and capital formation significantly affect energy utilization in India. The present study is based on time series data (i.e. from 1978 to 2014). Therefore, in the energy function, a dummy variable has also been included, which represents the possibility of the series discontinuity or structural break. The NARDL results reveal that the upside variations in national output (GDP) have amplified the scope of energy consumption in the long run, whereas the impact of downside variations is negative and substantial. Similarly, the study has separately captured the impact of upside and downside variations in the globalization index (i.e., economic and socio-political factors) on energy consumption in the country. It is evident from the results that improvement in these factors has intensified energy consumption in the long run, whereas the impact of decreased globalization index is found negative and significant. Further, the study confirms that the upside variation in capital formation has not significantly reduced energy utilization in the region. However, the downside movements (i.e., negative shocks in capital formation) have significantly increased the demand for energy in India. It is evident from the results that besides the increase in national output (GDP), the increase in the socio-political arena has also contributed to raising energy consumption in India. Contrarily, the downside movements in economic and socio-political factors have led to decreased energy consumption. The weak substitutability between upside movements in capital formation and energy consumption reveals that the country needs to generate energy-efficient production techniques. Based on the outcomes, it can be proposed that the government should promote research and development in all spheres of life (i.e., economic and socio-political) where energy is used as an input.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Capital
9 (RLIN) 616
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Energy Consumption
9 (RLIN) 14985
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element GDP
9 (RLIN) 28599
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element India
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element NARDL
9 (RLIN) 123542
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Nonlinearity
9 (RLIN) 123956
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Kautish, Pradeep
9 (RLIN) 123957
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Mehta, Dhyani
9 (RLIN) 123958
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://doi.org/10.1007/s40953-024-00391-0">https://doi.org/10.1007/s40953-024-00391-0</a>
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha biblionumber 134639
Holdings
Withdrawn status Lost status Damaged status Not for loan Home library Current library Date acquired Serial Enumeration / chronology Total Checkouts Barcode Date last seen Price effective from Koha item type
        Dr VKRV Rao Library Dr VKRV Rao Library 28/11/2024 Vol. 22, No. 2   AI897 28/11/2024 28/11/2024 Article Index