Open AccessSustainable Development in Myanmar in the Context of Energy Consumption and Economic Growth
Author(s) -
Bolor-Erdene Turmunkh
Publication year - 2022
Publication title -
scholars journal of economics, business and management/scholars journal of economics, business amd management
Language(s) - English
Resource type - Journals
eISSN - 2348-8875
pISSN - 2348-5302
DOI - 10.36347/sjebm.2022.v09i02.003
Subject(s) - cointegration , economics , granger causality , energy consumption , context (archaeology) , consumption (sociology) , foreign direct investment , causality (physics) , gross domestic product , macroeconomics , development economics , econometrics , geography , engineering , social science , physics , archaeology , quantum mechanics , sociology , electrical engineering
This empirical study examines the Toda and Yamamoto’s Granger causality test and the Johansen cointegration approach to find a long run causal relationship between energy consumption and economic growth for the period of 1971 to 2015 using a case study of Myanmar. The results show that there is a one-way causal relationship between economic growth and energy consumption in Myanmar. As a result, the government of Myanmar needs to take measures to save fuel and protect the environment by transferring energy from unsustainable sources to other sources. Additionally, Myanmar has a unidirectional causal relationship from energy consumption, gross domestic product growth, foreign direct investment, and population growth to renewable energy consumption in both the short and long run.