Information and communication technology, electricity consumption and economic growth in OECD countries: a panel data analysis
Article
Article Title | Information and communication technology, electricity consumption and economic growth in OECD countries: a panel data analysis |
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ERA Journal ID | 4478 |
Article Category | Article |
Authors | Salahuddin, Mohammad (Author) and Alam, Khorshed (Author) |
Journal Title | International Journal of Electrical Power and Energy Systems |
Journal Citation | 76, pp. 185-193 |
Number of Pages | 9 |
Year | 2016 |
Place of Publication | United Kingdom |
ISSN | 0142-0615 |
1879-3517 | |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.ijepes.2015.11.005 |
Abstract | This study estimates the short- and long-run effects of Information and Communication Technology (ICT) use and economic growth on electricity consumption using OECD panel data for the period of 1985 to 2012. The study employs a panel unit root test accounting for the presence of cross-sectional dependence, a panel cointegration test, the Pooled Mean Group regression technique and Dumitrescu-Hurlin causality test. The results confirm that both ICT use and economic growth stimulate electricity consumption in both the short- and the long run. Causality results suggest that electricity consumption causes economic growth. Both mobile and Internet use cause electricity consumption and economic growth. The findings imply that OECD countries have yet to achieve energy efficiency gains from ICT expansion. Effective coordination between energy efficiency from ICT policy and existing emissions reduction policies have the potential to enable OECD countries reduce environmental hazards arising from electricity consumption for ICT products and services. Introducing green IT and IT for green are also recommended as potential solutions to curb electricity consumption from ICT use especially in the data centers. |
Keywords | economic growth, electricity consumption, internet usage, OECD, panel data, Pooled Mean Group Regression |
ANZSRC Field of Research 2020 | 440499. Development studies not elsewhere classified |
380204. Panel data analysis | |
400699. Communications engineering not elsewhere classified | |
Public Notes | File reproduced in accordance with the copyright policy of the publisher/author. |
Byline Affiliations | School of Commerce |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q32zy/information-and-communication-technology-electricity-consumption-and-economic-growth-in-oecd-countries-a-panel-data-analysis
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