Efficient energy consumption in industrial sectors and its effect on environment: A comparative analysis between G8 and Southeast Asian emerging economies

Rahman, Md. Saifur and Md. Noman, Abu Hanifa and Shahari, Farihana and Aslam, Mohamed and Chan, Sok Gee and Isa, Che Ruhana and Pervin, Sajeda (2016) Efficient energy consumption in industrial sectors and its effect on environment: A comparative analysis between G8 and Southeast Asian emerging economies. Energy, 97. pp. 82-89. ISSN 03605442 E-ISSN 0360-5442

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Abstract

This study investigates the long-term relationship between industrial production and energy consumption along with the environmental degradation in developed and developing countries. The purpose of this study is to identify countries that meet the competitive challenges of achieving efficient environmentally friendly energy consumption. The investigation process utilises the Toda Yamamoto technique looking at 40 years of data from 1971 to 2011. The investigation reveals that both G8 and Southeast Asian countries are energy dependent, as indicated by unidirectional Granger causality running from energy consumption to industrial production. The most energy efficient economies are among G8 countries and the least efficient are found in Southeast Asian countries. The results also reveal that industrial production of developed countries is more environmentally friendly than developing countries. Finally, the study provides significant policy implications toward improving energy security and efficiency.

Item Type:	Article (Journal)
Additional Information:	7791/52631
Uncontrolled Keywords:	Industrial production, Energy consumption, Carbon emission, G-8 countries, Southeast Asian countries
Subjects:	H Social Sciences > HB Economic Theory > HB801 Consumption. Demand
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User:	Dr. Farihana Shahari
Date Deposited:	11 Nov 2016 15:57
Last Modified:	12 Feb 2017 04:24
URI:	http://irep.iium.edu.my/id/eprint/52631

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