UGC Approved Journal no 63975(19)

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Published in:

Volume 6 Issue 4
April-2019
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR1904981


Registration ID:
205177

Page Number

533-540

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Title

Is Reducing Energy Consumption a Solution for Sustainable Economic Growth?

Abstract

In this paper, a granger causality approach is used to examine the causality between economic growth and energy consumption in five north eastern states of India. The study attempts to reveal the implications on how the nexus can affect long term sustainability of the states. The direction of causality can throw light on the possible conservation policies that can be implemented (Jin et. al.2009).The study has taken energy consumption indicators of both traditional and renewable energy consumption from Energy Statistics, 2018. We have examined multiple situations to find out this direction of causation, with respect to certain types of energy consumption. The study deploys sixdifferent categories of energy consumption to address this issue. The findings indicate assorted evidence on the relationship between energy consumption and economic growth. In some instances, energy consumption leads to economic growth, lending support tosupply-leading hypothesis of energy-growth nexus (Caraini et. al. 2015). On other cases, it is the economic growth that leads to energy consumption,lending support to demand-following hypothesis of energy-growth nexus. There are also cases, where energy consumption and economic growth are mutually interdependent, the situation where both are self-reinforcing and offer support to feedback hypothesis of energy-growth nexus (Pradhan, 2010).Conventional sources or non-renewable energy like coal, petrol, lignite and natural gas are not only causing adverse effect on the environment but are also limited for use as an engine of growth(Abbas and Choudhury, 2013).

Key Words

Energy Consumption, Sustainability, causality

Cite This Article

"Is Reducing Energy Consumption a Solution for Sustainable Economic Growth? ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 4, page no.533-540, April-2019, Available :http://www.jetir.org/papers/JETIR1904981.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Is Reducing Energy Consumption a Solution for Sustainable Economic Growth? ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 4, page no. pp533-540, April-2019, Available at : http://www.jetir.org/papers/JETIR1904981.pdf

Publication Details

Published Paper ID: JETIR1904981
Registration ID: 205177
Published In: Volume 6 | Issue 4 | Year April-2019
DOI (Digital Object Identifier):
Page No: 533-540
Country: Kolkata, West Bengal, India .
Area: Management
ISSN Number: 2349-5162
Publisher: IJ Publication


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