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Energy Use as Determinant of Economic Development in India

Year: 2024

Type: article

Abstract: : There are several factors that determine economic development. In the modern times, energy use is a crucial factor that has paramount importance. Energy is an important input in increasing the production and productivity of all the sectors in the economy. This paper tries to find out whether energy use is a determinant of economic development for India for the period 1973 - 2014. Using VAR Granger Causality model, it is found that there is a uni – directional causality between energy use and GDP, that is energy use is a causal factor for economic development. Keywords: Energy Use, GDP per capita, VAR Granger Causality, Economic Development

Source: Zenodo (CERN European Organization for Nuclear Research)

DOI: 10.5281/zenodo.13788127

Author: B Madhuri Smitha

Institution: Osmania University

Language: English

Topic: Energy, Environment, Economic Growth

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure, Affordable and clean energy

Open Access status: green

OpenAlex ID: W6893014005

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