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Modelling the causal linkages among residential electricity consumption, gross domestic product, price of electricity, price of electric appliances, population and foreign direct investment in Malaysia

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dc.citedby10
dc.contributor.authorIvy-Yap L.L.en_US
dc.contributor.authorBekhet H.A.en_US
dc.contributor.authorid56267356600en_US
dc.contributor.authorid37100908800en_US
dc.date.accessioned2023-05-29T06:13:59Z
dc.date.available2023-05-29T06:13:59Z
dc.date.issued2016
dc.descriptioncointegration analysis; dynamic response; electricity supply; foreign direct investment; Granger causality test; Gross Domestic Product; multivariate analysis; price determination; Malaysiaen_US
dc.description.abstractResidential electricity consumption in Malaysia is increasing rapidly and effective measures are urgently needed to contain its rapid growth to achieve better energy security. The current paper attempts to investigate the multivariate Granger causalities and dynamic responses of residential electricity consumption in Malaysia for the 1978-2013 period. In the long run, all the determinants of residential electricity consumption (real disposable income, price of electricity, price of electric appliances, population and foreign direct investment) Granger cause it but in the short run, only the price of electric appliances and population do so. The response of residential electricity consumption to shocks alternates between positive and negative but diminishes with time. In addition to own shocks, shocks to the price of electricity contribute most of the variance in residential electricity consumption. The study shows that pricing policies are effective in reducing residential electricity consumption. As fossil fuels are finite, careful planning of energy consumption is necessary to safeguard energy security. � 2016 Inderscience Enterprises Ltd.en_US
dc.description.natureFinalen_US
dc.identifier.doi10.1504/IJETP.2016.074491
dc.identifier.epage59
dc.identifier.issue1
dc.identifier.scopus2-s2.0-84957070700
dc.identifier.spage41
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-84957070700&doi=10.1504%2fIJETP.2016.074491&partnerID=40&md5=b5b9107fb0dcd98bc0972c41a30e85c4
dc.identifier.urihttps://irepository.uniten.edu.my/handle/123456789/22990
dc.identifier.volume12
dc.publisherInderscience Publishersen_US
dc.sourceScopus
dc.sourcetitleInternational Journal of Energy Technology and Policy
dc.titleModelling the causal linkages among residential electricity consumption, gross domestic product, price of electricity, price of electric appliances, population and foreign direct investment in Malaysiaen_US
dc.typeArticleen_US
dspace.entity.typePublication
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