International Journal of Social Science & Economic Research
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Title:
ESTIMATING THE LONG RUN RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND NET NATIONAL PRODUCT IN INDIA

Authors:
Sijousa Basumatary

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Sijousa Basumatary
Assistant Professor, Dept. of Economics, Bodoland University, Kokrajhar.

MLA 8
Basumatary, Sijousa. "ESTIMATING THE LONG RUN RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND NET NATIONAL PRODUCT IN INDIA." Int. j. of Social Science and Economic Research, vol. 4, no. 6, June 2019, pp. 4573-4581, ijsser.org/more2019.php?id=351. Accessed June 2019.
APA
Basumatary, S. (2019, June). ESTIMATING THE LONG RUN RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND NET NATIONAL PRODUCT IN INDIA. Int. j. of Social Science and Economic Research, 4(6), 4573-4581. Retrieved from ijsser.org/more2019.php?id=351
Chicago
Basumatary, Sijousa. "ESTIMATING THE LONG RUN RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND NET NATIONAL PRODUCT IN INDIA." Int. j. of Social Science and Economic Research 4, no. 6 (June 2019), 4573-4581. Accessed June, 2019. ijsser.org/more2019.php?id=351.

References

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Abstract:
Using the yearly time series data of per capita electricity consumption (IEA, 2018) and the per capita net national product (RBI, 2016), this paper seeks to find out the long run relationship between these two variables. The Johansen Co-integration test suggests that they are integrated of order 1. Using least square estimation it is found that over the 43 years (1977-2014) a unit increase in PCNNP has helped to raise the PCKWH by 1 percent per annum in the long run relationship. Also, the Engle-Granger test satisfies the condition of convergency of the two variables in the long run.