Abstract
This paper explores the relationship between electricity consumption, petroleum consumption and economic growth in Vietnam. The Cobb-Douglas production is used over the period of 1980–2014. We have applied the ARDL bounds testing approach and found that cointegration exists among the included variables. Further, the Granger causality test affirms that there is one-way causality between electricity consumption, petroleum consumption and economic growth. The empirical results provide a strong statistical evidence that electricity consumption has a positive impact on the economic growth of Vietnam both in the short-term and long-term. This study suggests that policy-makers should establish concrete plans to increase investment in the electricity sector, and explore new sources of energy to achieve sustainable economic development for the long-run.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
