Effect Of Electricity Consumption Research Articles

Sustainable energy practices and cryptocurrency market behavior

We examine the effects of energy usage on the return, volatility and jump processes in the Bitcoin (BTC) and Ethereum (ETH) markets. Our main finding indicates that while BTC returns respond significantly to changes in electricity consumption, the effect of electricity consumption on ETH returns is negligible. We attribute this discrepancy to BTC's relative energy inefficiency, which contrasts with ETH's commitment to transitioning to a more energy-efficient mining protocol over our sample period. Additionally, we show that the effect of electricity consumption on cryptocurrencies is mitigated by media coverage and policy uncertainty regarding the state of the economy, environment, and cryptocurrency markets. Our results suggest that when trading cryptocurrencies, investors consider their relative energy efficiency and price electricity consumption differently, highlighting the influence of the transition towards more sustainable energy practices on investor preferences and investment decisions in cryptocurrency markets.

Electricity consumption and economic growth in Ghana: how significant are electricity transmission losses?

Purpose The purpose of this study is to analyze the nonlinear relationship between electricity consumption (EC) and electricity transmission losses (ETL) in Ghana. Also, we examined how ETL moderate the effect of EC on economic growth in Ghana from 1980 to 2021. Design/methodology/approach We used timeseries data from 1980 to 2021 within an autoregressive distributed lag framework to analyze the links among ETL, EC and economic growth in Ghana. Findings Findings show the existence of an asymmetric long-run relationship between EC and ETL. Also, the negative effects of ETL on EC are bigger in the long run. In addition, ETL and EC combine to reduce economic growth, in the long run, providing evidence for the energy-led growth theory in Ghana. Population and inflation were also found to have a significant effect on economic growth in Ghana. Originality/value We examined the nonlinear nexus of EC and ETL, which extant studies have ignored in discussing the link between EC and economic growth. Again, we showed that ETL reduces EC causing a reduction in economic growth.

The Effects of Electricity Consumption on Electrification Access on Economic Growth in Papua Province, Indonesia

The current research aims to analyze the influence of electricity and infrastructure on regional economy. The study empirically tested the impact of the independent constructs on electrification access and economic growth in Papua, Indonesia by using mediating role of electricity consumption. Independent variables examined in this study are electrical installations and electricity capital, while the dependent variables are measured by using labor absorption. This study specifically investigates the relationship between these variables with a cross-sectional study model, conducted at Papua Province, Indonesia with data from 2012 to 2016. The results show that electricity consumption in Papua Province is significantly influenced by electrical installation, household electricity capital and industrial electricity capital. Furthermore, electricity consumption in general affects employment. The test of the mediating variable shows the role of the consumption variable in the ratio of electrification and employment. Theoretical implication posed from the findings is about the relationship between economic growth and energy infrastructure which is more likely to attract both domestic and foreign investment in a region. The novelty of this research is to reveal the role of electrification in industrialization and employment.

Simultaneous Analysis: The Effect of Electricity Consumption on Human Development Index in ASEAN 5

A high per capita electricity consumption in developed countries is also correlated with high numbers on the human development index. Several studies show the relationship between the level of electricity consumption on economic growth and vice versa. This study aims to explore the relationship between electricity consumption, Human Development Index (HDI), and inflation to Gross Domestic Product (GDP) per Capita in ASEAN 5 countries. Using the simultaneous equation for the period 2012 to 2010 with the indirect least squares (ILS) analysis technique, it is found that electrical energy consumption has a positive effect on GDP per capita but HDI (Human Development Index) does not significantly affect GDP per Capita in ASEAN 5 countries. Meanwhile, the obtained inflation variable does not affect GDP per Capita. Then, we develop the second model and third model to test the impact on GDP per capita, electricity per capita, and HDI. The second model HDI as the dependent variable is influenced by the level of electricity consumption per capita and GDP per capita. This result proves that HDI is not influenced significantly by GDP per capita but is influenced by electricity consumption per capita. The third model shows empirical evidence that GDP per capita and HDI affect the level of electricity consumption. The policy implication is that electricity consumption will increase along with the increase in economic growth. The government must be able to increase supply to fulfill the rising electricity demand.

Testing the effect of electricity consumption on CO2 levels in Kuwait: linear vs. non-linear analysis

Testing the effect of electricity consumption on CO2 levels in Kuwait: linear vs. non-linear analysis

Kajian eksperimental pemakaian Hidrokarbon Musicool 22 sebagai pengganti R 22 untuk mesin pengatur udara AC split terhadap konsumsi listrik

The use of synthetic refrigerant R22 has been banned by the government which can cause damage to the ozone layer causing global warming effects. temperature (ΔT°C) of the evaporator during the test time at the time of the study. The method used in this research is to vary the refrigerant R 22 and Musicool 22 with a pressure variation of 60,70,80 Psi, the size of the room studied is 3x4x2,5 m and Split AC Changhong, LG, and Panasonic with 1 PK power. Research results it can be seen that each brand of Split AC has a different effect of electricity consumption, the lowest and highest electricity consumption at a pressure of 60 and 80 Psi. Musicool 22 refrigerant is more energy efficient than R22. It can be seen that each brand of Split AC has the effect of the temperature difference (ΔT°C) of the evaporator, which differs the highest at a pressure of 60 and 80 Psi. Musicool 22 refrigerant is more suitable for LG and Changhong brands.

Electricity Consumption and Industrial Performance in Nigeria

Over the years, demand for electricity has continued to grow while supply has consistently declined. The shortages of electricity supply formed the major background for energy crisis in Nigeria. The reason for this is that, all efforts are concentrated at generating electricity from only two major sources, namely: hydropower and gas. Therefore, this study investigated the effects of electricity consumption and its implications on industrial performance in Nigeria. Time series data were used for the study, sourced from the Central Bank of Nigeria Annual Report, Statistical Bulletin, Publications of the International Monetary Fund and the National Bureau of Statistics which spanned from 1981 to 2019. The study employed Fully Modified Ordinary Least Squares Method and Descriptive Statistics to carry out the empirical analysis. The findings revealed that a unit rise in industrial electricity consumption and exchange rate contribute to industrial performance by 9.4% and 44% respectively. This indicator only reflects marginal impact of industrial performance in Nigeria compare to other countries. However, a percentage increase in gross fixed capital formation and gross domestic product reduced industrial performance by 0.018% and 0.020%. Meanwhile, capacity utilization signed positive but not statistically significant. The study concluded that irregular electricity supply has weakened industrial performance in Nigeria despite various energy resources available. Therefore, the study recommended well rounded energy mix option through government policies to complement the existing energy sources available in Nigeria, as well, as other renewable energy resources for industrial sector and domestic use.

ELECTRICITY CONSUMPTION AND MANUFACTURING SECTOR PERFORMANCE: EVIDENCE FROM NIGERIA

Adequate supply of energy is important for sustainable growth in an economy. The rate of the growth of the Nigeria’s electricity development is very slow and not effective compare to other emerging economies; this on the other hands has discouraged production, most especially in the manufacturing sector. In light of this, the study investigates the long-run impact of electricity consumption on manufacturing sector performance proxy by output, employment and capital using Canonical Cointegrating Regression. Evidence from the result in the output equation shows that electricity consumption and credit to manufacturing sector have a negative relationship with output. In the employment equation, consumption in electricity and interest rate have negative effects on employment. In the capital equation, electricity consumption is not statistically significant. In conclusion, effects of electricity consumption as input in the manufacturing sector have not improved the performance in the sector. To improve the situation, the study recommends among others the need to create a framework to promote energy efficiency by maximizing output from the power sector and minimize wastage. Keywords : Electricity consumption; Employment; Output; Capital JEL Classifications: Q4; J2; O1; G1 DOI: https://doi.org/10.32479/ijeep.11399

Revisiting the relationship between energy consumption and economic growth nexus in Vietnam: new evidence by asymmetric ARDL cointegration

ABSTRACT Energy is an essential resource for economic development. The study employed the asymmetric ARDL cointegration approach to investigate the impact of energy consumption on economic growth for Vietnam during the period 1971-2017. The finding of the study is that the effects of electricity consumption on economic growth are asymmetric in both the short- and long-run, and the negative changes have a greater effect than the positive changes. At the same time, the impact of petroleum consumption on economic growth is asymmetric in the long-run, and the positive changes have a greater effect than the negative changes. The causality test also indicates the existence of bi-directional causality between energy consumption and economic growth, supported the Feedback hypothesis. Several policy implications are suggested from the obtained result findings.

Causality Nexus Between Electricity Consumption and Growth in Nigeria Manufacturing Sector

The study examined the causal relationship between electricity consumption and manufacturing sector’s growth in Nigeria using time series data covering the period 1986 – 2017. Multiple least square regression method was used to capture the effect of electricity consumption and other variables on manufacturing sector’s growth, with the aid of Eview software. Granger causality test was conducted to examine the direction of causality between electricity consumption and manufacturing sector’s growth. The study found that electricity consumption has positive and significant effect on the growth of the manufacturing sector. Also, the study revealed an evidence of unidirectional causality from manufacturing sector’s growth to electricity consumption. It was also infered from the trend analysis that Electricity Consumption in Nigeria has a positive and direct impact on the growth of Nigeria Manufacturing Sector. Since the study shows how electricity is vital to manufacturing sector, any impediment to electricity will grossly affect manufacturing sector’s growth. To enhance sustainable growth in manufacturing sector, appropriate reforms must come up to ensure stable electricity in Nigeria. Keywords: Electricity consumption, Causality, Trend analysis, Manufacturing sector. DOI: 10.7176/RHSS/10-6-04 Publication date: March 31 st 2020

Effects of electricity consumption on carbon intensity across Chinese manufacturing sectors.

This research aims to study the effect on industrial carbon intensity by decomposing electricity consumption into electricity consumption volume and electric power intensity by using panel data of 27 China's manufacturing sectors. An improved STIRPAT model is also developed by this article to identify the unexplored potential influencing factors. The research findings suggest that there exists a long-run equilibrium relationship between electricity consumption and carbon intensity and unidirectional causality from electricity consumption volume to carbon intensity. Regression results indicate that electricity consumption volume has a significantly negative effect on industrial carbon intensity for the full sample. However, due to the significantly positive influence that electric power intensity has on carbon intensity, we conclude that energy consumption and industrial economy failed to achieve the decoupling effect. The impacts of electricity consumption volume and electric power intensity have industrial heterogeneity. Electric power intensity impacts carbon intensity the most for resource intensive sectors. The effects of subgroups are further examined for sectors with high/low carbon emission volume and carbon intensity. Foreign direct investment (FDI) is conducive to reducing carbon intensity for sectors with high volume and sectors with high intensity. Industrialization level demonstrates a significantly positive effect on improving carbon intensity for sectors with low volume and sectors with low intensity. Finally, we put forward specific suggestions on the basis of these empirical findings.

Dynamic panel modelling of electricity consumption and Economic Community of West African States (ECOWAS)

AbstractThe effect of electricity consumption on economic growth of the Economic Community of West African States (ECOWAS) Member Countries has been examined during the period 2007–2016. The study applied both static and dynamic panel models in the form of Fixed‐Effect, Random‐Effect, Difference GMM and System GMM. The results revealed that electricity consumption has a positive and statistically significant impact on economic growth for both static and dynamic panel models. Capital has also been found to have impacted positively and significantly on economic growth in both models. Similarly, labour showed a positive and significant impact on economic growth system GMM model only. Since the study supports electricity consumption led‐growth hypothesis, therefore, it is recommended that ECOWAS countries should explore other alternative sources of electricity generation in order to ensure sufficient and reliable supply of electricity. This can be achieved at individual country level by utilising the potentials of renewable endowments such as biomass, biofuels and solar energy available to each country. Equally, the regional efforts to establish West African Power Pool (WAPP) and West African Gas Pipeline (WAGP) in order to increase the supply as well as grid reliability should be strengthened.

Estimating Relative Efficiency of Electricity Consumption in 42 Countries during the Period of 2008–2017

Augmentation of electrical equipment is pushing for an increase in energy supply sources all over the world, as electricity consumption (EC) typically rises with growing populations. The value of EC reveals economic development and degree of emissions. Therefore, this research uses the undesirable outputs model in data envelopment analysis (DEA) for estimating relative efficiency of electricity consumption in 42 countries from 2008 to 2017. According to the principle of an undesirable outputs model and studied objectives, variables are selected that included population and EC as inputs, gross domestic product (GDP) as desirable output, and carbon dioxide (CO2), methane (CH4), and nitrous oxide (N2O) as undesirable outputs. The empirical results indicate that 420 terms of 42 countries during the period of 2008–2017 have 102 efficient and 310 inefficient terms. Moreover, the interplay level between input and output factors every year is presented via scores. The study suggests the effect of EC to human life and propounds the emission status to look for directions to overcome inefficient terms.

Causal Relationship between Electricity Consumption and GDP: Plausible Explanation on Previously Found Inconsistent Conclusions for India

Using cross-state panel data and error correction Granger causality model we found trustworthy results for India that were non-consistent in previous literature. We found that the electricity consumption and per capita income cause each other. We argue our research to be more credible because we use 254 data points whereas, previous researchers have given their conclusions only on 30 - 40 data points. There is feedback effect of both the variables and effect of electricity consumption is 40 times more than that of income to electricity. Furthermore, analysis at disaggregated level of electricity consumption suggests that domestic and heavy industry electricity consumption causes income growth and not the commercial, light industry, and agricultural electricity consumption.

Economic growth and electricity consumption in former Soviet Republics

This study estimates the causal relationship between electricity consumption and economic growth with annual data for the Commonwealth Independent States countries in three groups of income levels. Empirical results reveal that electricity consumption and GDP are cointegrated for all these countries. Furthermore, there is a unidirectional causality from electricity consumption to GDP for all groups in the long run. Effect of electricity consumption on the GDP is negative for the second group of countries which supports the energy conservation policies, whereas it is positive for the first and third group of countries which supports the growth hypothesis.

Effect of preparation conditions on the characteristics of exfoliated graphite

Exfoliated graphite (EG) was prepared from graphite intercalation compounds (GICs) synthesized electrochemically with different electricity consumption from 10.83 to 40.00 A h/kg. Effects of electricity consumption on the synthesis of GICs and of exfoliation temperature on different parameters of EG, i.e. exfoliation volume, volatile content, specific surface area and pore volume measured by mercury porosimetry, length and width of worm-like particles, and distance between neighboring balloons based on the zigzag model for worm-like particles of EG, were studied. These parameters were found to depend strongly on the electricity consumption and also on exfoliation temperature. Exfoliation volume, volatile content, specific surface area and pore volume on EG prepared at 1000 °C increased with increasing electricity consumption, but the distance between neighboring balloons was found to decrease. These results reveal marked development of pores in EG samples. Raising exfoliation temperature increased exfoliation volume, specific surface area and pore volume up to 800 °C. Above this temperature these parameters tended to be stable.