EAS Publisher | GDP and Energy Usage: Causality Analysis from the Viewpoint of Bangladesh

GDP and Energy Usage: Causality Analysis from the Viewpoint of Bangladesh

DOI : https://doi.org/10.36349/easjebm.2022.v05i06.002

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The relationship between energy use and GDP is a hotly debated topic in energy economics. In this study, an attempt is made to explain the link between the variables from the perspective of Bangladesh. Using data from 1976- 2014, a Johansen co-integration and Granger causality test are carried out to determine whether there is a causal connection concerning Bangladesh. According to the findings of the Johansen co-integration test, there is co-integration between GDP and energy use. The VECM estimate establishes no short-run relationships between variables. The Granger causality test reveals a unidirectional causal relationship between GDP and energy consumption. Therefore, initiatives that promote energy saving may not impede the nation's overall economic development.

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Lecturer, Dept. of Pharmacology and Therapeutics, Shaheed Monsur Ali Medical College & Hospital, Uttara, Dhaka-1230, Bangladesh

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