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ID088958
Title ProperElectricity supply, employment and real GDP in India
Other Title Informationevidence from cointegration and Granger-causality tests
LanguageENG
AuthorGhosh, Sajal
Publication2009.
Summary / Abstract (Note)This study probes nexus between electricity supply, employment and real GDP for India within a multivariate framework using autoregressive distributed lag (ARDL) bounds testing approach of cointegration. Long-run equilibrium relationship has been established among these variables for the time span 1970-71 to 2005-06. The study further establishes long- and short-run Granger causality running from real GDP and electricity supply to employment without any feedback effect. Thus, growth in real GDP and electricity supply are responsible for the high level of employment in India. The absence of causality running from electricity supply to real GDP implies that electricity demand and supply side measures can be adopted to reduce the wastage of electricity, which would not affect future economic growth of India.
`In' analytical NoteEnergy Policy Vol.37,No. 8; Aug 2009: p2926-2929
Journal SourceEnergy Policy Vol.37,No. 8; Aug 2009: p2926-2929
Key WordsElectricity ;  India ;  ARDL