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Energy consumption and economic growth in Kyrgyz Republic

DC Field Value Language
dc.contributor.advisorHeo Eunnyeong-
dc.contributor.authorUlarbek Niiazaliev Ruslanovich-
dc.date.accessioned2017-07-14T02:34:01Z-
dc.date.available2017-07-14T02:34:01Z-
dc.date.issued2013-02-
dc.identifier.other000000009255-
dc.identifier.urihttps://hdl.handle.net/10371/122640-
dc.description학위논문 (석사)-- 서울대학교 대학원 : 협동과정 기술경영경제정책 전공, 2013. 2. 허은녕.-
dc.description.abstractAbstract

Energy consumption and economic growth in Kyrgyz Republic


Ularbek Niiazaliev
Technology Management, Economics and Policy Program
College of Engineering
Seoul National University

Researchers from the different countries have been involved in the study of causality between energy consumption and economic growth, since 1969. Though in case of Kyrgyz Republic, this issue was not plenty researched, main reason is data limitation.
This study tries to determine existence or absence of causality between electricity and oil consumption with economic growth in the Kyrgyz Republic. Annual energy consumption data, was used which includes electricity and oil from one side, from another GDP per capita. But because of data limitation, used a data from 1990 (since Kyrgyz Republic become independent state) to 2011.
Empirical analyze was used such as the Granger causality test from vector error-correction model, augmented Dickey-Fuller and Phillips-Perron tests, unit root test and cointegration test.
The results show existence of unidirectional causality in short and long terms running from the GDP to the oil consumption and bidirectional causality in short and long run between electricity consumption and economic growth in the Kyrgyz Republic.
Keywords: Energy use
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dc.description.abstractEconomic growth-
dc.description.abstractCointegration-
dc.description.abstractVector Error Correction Model, Granger causality.

Student number 2011-22949
Technology Management Economics and Policy Program
College of Engineering
Seoul National University
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dc.description.tableofcontentsTable of contents
Abstract…………………………………………………………………………………………i
List of tables……………………………………………………………………………………iv
List of figures……………………………………………………………………………………v
Appendix…………………………………………………………………………………………vi

Chapter 1 Introduction………………………………………………………………………….…3
Chapter 2 literature review………………………………………………………………………...5
2.1.1 Existence of a (unidirectional, bidirectional) causal relationship…………………………..6
2.1.2 Absence of a (unidirectional, bidirectional) causal relationship…………………………..11
Chapter 3. Energy overview
3.1. Background.………………………………………………………………………………....12
3.2. Electricity……………………………………………………………………………………15
2.2.1. Electricity export…………………………………………………………………………..21
3.3. Coal production……………………………………………………………………………...24
2.4. Gas and oil…………………………………………………………………………………..26
Chapter 4. Methodology
4.1 Stationarity and integration…………………………………………………………………29
4.2 Co-integration……................................................................................................................31
4.3 Vector Auto-regressions (VARs)…………………………………………………………...32
4.4 Vector error correction model………………………………………………………………..35
4.5 Granger Causality……………………………………………………………………………36
Chapter 5 Empirical analysis
5.1 Unit root test…………………………………………………………………………………39
5.2 Co-integration………………………………………………………………………………42
5.3 Granger Causality test……………………………………………………………………..44
Chapter 6 Implication and conclusion
6.1 Policy implication……………………………………………………………………………48
6.2 The limitation of the study…………………………………………………………………50
References………………………………………………………………………………………..51

List of tables
Table 1. General country profile…………………………………………………………………14
Table 2. Unit root test. (Electricity consumption and GDP)……………………………………..41
Table 3. Unit root test (Oil consumption and GDP)……………………..………………………41
Table 4. Cointegration test results……………………………………………………………….44
Table 5. Granger causality test result from VECM model (Electricity and GDP)………………45
Table 6. Granger causality test result from VECM model (Oil and GDP)……………………...45


List of graphs
Graph 1, Electricity losses……………………………………………………………………….18
Graph 2, Electricity consumption………………………………………………………………..20
Graph 3. Electricity export……………………………………………………………………….23
Graph 4. Coal production volumes (thousand tons)……………………………………………..26
Graph 5. Johansen test results, OC………………………………………………………………42
Graph 6. Johansen test results, EC……………………………………………………………….43

Appendix
Empirical results of the study…………………………………………………………………....59
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dc.formatapplication/pdf-
dc.format.extent2219087 bytes-
dc.format.mediumapplication/pdf-
dc.language.isoen-
dc.publisher서울대학교 대학원-
dc.subject.ddc658-
dc.titleEnergy consumption and economic growth in Kyrgyz Republic-
dc.typeThesis-
dc.description.degreeMaster-
dc.citation.pages83-
dc.contributor.affiliation공과대학 협동과정 기술경영전공-
dc.date.awarded2013-02-
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