meet the growing electricity consumption.
Seung-Hoon Yoo(2005) This paper study the short- and long-run causality issues between electricity consumption and economic growth in Korea by using the co-integration and error-correction models. The results show that there exists bi-directional causality between electricity consumption and economic growth. This means that an increase in electricity consumption directly affects economic growth and that economic growth also stimulates further electricity consumption.
DATA AND METHODOLOGY 资料与方法
Research and Data Variable
This section described briefly about the statistical technique applied to analyze the data collected. This stud collected data for the yearly data 1980-2009. The variable for this study was electricity consumption (EC), GDP, population (POP), collected from Department of Statistic Malaysia (DSOM).Data on oil price (OP) as proxcy for price of electricity causes of there is no data available. Data structural change in economy (SCiE) whereby manufacturing aindustry is one of the bigger contribution in Malaysia and it will divided first with GDP.
a) Unit Root Test
The ADF test is selected and it is test for a unit root which is more stationary whether in the level, first difference, or second difference of the series. In addition, EViews reports the critical values at the 1%, 5% and 10% levels.
Hypo
thesis
Ho : β = 0 (Data has unit root test)
H1 : β ≠ 0 (Data has no unit root test)
FINDINGS The regression is done using the Unit Root test. All of the data regress . In order to make the variable significant, the 1st and 2nd differences are used while regression is made in the Unit Root Test as shown below:
b) Ordinary Least Square (OLS)
The OLS Method used to see the relationship between dependent and independent variables involves in this study. The OLS command will estimate the parameters of a linear regression equation by the method of ordinary least squares. The null hypothesis is rejected if the p-value is small .
CONCLUSION 结论
The main purpose of the study is to know the relationship among electricity consumption, GDP, population, oil price and structure change in economy in order to get result to use in making decision about our Malaysian future. These imply that electricity consumption is an important factor for Malaysia's economic development as Malaysia is an energy-dependent country. This high demand of electricity is parallel with Malaysia's economic policy which is to be are developed country in2020.. Therefore, sufficient supply of electricity is need to support the industrial development and to improve the efficiency of capital, employment and other factors . In view of policy of government, the findings of this study recommend that electricity consumption played an main role in economic growth. Therefore, policies to control the supply of electricity are compulsory to make sure that the electricity is sufficient to support Malaysia's economic development.
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