Electricity Consumption, Output, and Trade in Bhutan
Lean, Hooi Hooi; Smyth, Russell | December 2014
Abstract
"This paper examines the relationship between electricity consumption, international trade, and economic growth in Bhutan within an augmented production function framework. The main findings are that in the long run a 1% increase in electricity consumption generates 0.03%–0.05% increase in output. A 1% increase in total trade results in 0.5% increase in output. A 1% increase in trade openness results in 1% increase in output. We also find unidirectional Granger causality running from electricity consumption to economic growth. The implications of our findings are that Bhutan is energydependent and that it can promote economic growth through further investment in hydropower"
Citation
Lean, Hooi Hooi; Smyth, Russell. 2014. Electricity Consumption, Output, and Trade in Bhutan. © Asian Development Bank. http://hdl.handle.net/11540/2263. License: CC BY 3.0 IGO.ISSN
2313-5867 (Print), 2313-5875 (e-ISSN)
Keywords
Work Environment
Regulatory Environments
Institutional Environment Assessment
Global Environment
Environmentally Sustainable Development
Environmentally Damaging Subsidies
Environmental Strategy
Environmental Sustainability
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Citable URI
http://hdl.handle.net/11540/2263Metadata
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