Energy use, carbon dioxide emissions, GDP, industrialization, financial development, and population, a causal nexus in Sri Lanka.pdf (323.63 kB)
Energy use, carbon dioxide emissions, GDP, industrialization, financial development, and population, a causal nexus in Sri Lanka: With a subsequent prediction of energy use using neural network
Version 2 2016-10-25, 07:08
Version 1 2016-10-25, 06:56
journal contribution
posted on 2016-10-25, 07:08 authored by Samuel Asumadu SarkodieSamuel Asumadu Sarkodie, Phebe Asantewaa OwusuPhebe Asantewaa OwusuThe study examines the causal relationship between energy use, carbon dioxide emissions, GDP, industrialization, financial development, and population from 1971 to 2012 in Sri Lanka, using the ARDL regression analysis and a subsequent prediction of energy use using neural network. There was evidence of a long-run equilibrium relationship running from carbon dioxide emissions, GDP, industrialization, financial development, and population to energy use. The Granger causality test shows a unidirectional causality running from carbon dioxide emissions to energy use and a bidirectional causality between industrialization and energy use. The overall predicted EUSE from 1971 to 2012 has a mean absolute percentage error of 1.97%. Evidence from the neural network shows that the statistical coefficient of R-square for both training and validation is 98% and 99% with a corresponding Root mean square Error of 11.11 and 6.10, respectively.
History
Usage metrics
Categories
- Econometrics not elsewhere classified
- Other economics not elsewhere classified
- Economic models and forecasting
- Socio-economic development
- Econometric and statistical methods
- Macroeconomics (incl. monetary and fiscal theory)
- Applied economics not elsewhere classified
- Environment and resource economics
- Economic development policy
Keywords
OA Week 2016Sri Lankacarbon dioxide emissionsGDPEnergy useNeural NetworkPollutionEconometricsEconometrics not elsewhere classifiedEconomicsEconomic Models and ForecastingEconomic Development and GrowthEconometric and Statistical MethodsMacroeconomics (incl. Monetary and Fiscal Theory)Applied Economics not elsewhere classifiedEnvironment and Resource EconomicsEconomic Development Policy
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC