The nexus between electricity consumption and economic growth in Bahrain |
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| Institution: | 1. CERGAM (EA4225) Aix-Marseille University, Financial Stability Directorate, Central Bank of Bahrain, Bahrain;2. DULBEA, Solvay Brussels School of Economics and Management, Brussels, Belgium;3. Department of Management Sciences, COMSATS Institute of Information Technology, Lahore, Pakistan;1. Center for Energy and Environmental Policy Research, Beijing Institute of Technology, Beijing 100081, China;2. School of Management and Economics, Beijing Institute of Technology, Beijing 100081, China;3. Sustainable Development Research Institute for Economy and Society of Beijing, Beijing 100081, China;4. Collaborative Innovation Center of Electric Vehicles in Beijing, Beijing 100081, China;5. Beijing Key Lab of Energy Economics and Environmental Management, Beijing 100081, China;6. Institute of State Economy, Nankai University, Tianjin 300071, China;1. School of Economics and Management, Xinjiang University, Urumqi 830047, China;2. Center for Innovation Management, Xinjiang University, Urumqi 830047, China;3. School of Management and Economics, Beijing Institute of Technology, Beijing 100081, China;4. Center for Energy and Environmental Policy Research, Beijing Institute of Technology, Beijing 100081, China;5. School of Economics, Nankai University, Tianjin, 300071, China |
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| Abstract: | This paper explores the relationship between electricity consumption, foreign direct investment, capital and economic growth in the case of the Kingdom of Bahrain. The Cobb–Douglas production is used over the period of 1980Q1–2010Q4. We have applied the ARDL bounds testing approach and found that cointegration exists among the series. Electricity consumption, foreign direct investment and capital add in economic growth. The VECM Granger causality analysis has exposed the feedback effect between electricity consumption and economic growth and the same is true for foreign direct investment and electricity consumption. This study suggests government authorities to explore new sources of energy to achieve sustainable economic development for the long run. |
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