EXAMINE THE EMPIRICAL RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND INDUSTRIALIZATION IN BANGLADESH: GRANGER CAUSALITY ANALYSIS

The current study examines the empirical relation between energy consumption and industrialization concerning other macroeconomic variables like as infrastructure, manufacturing, capital formation with covering period from 1975 to 2018. Johansen co-integration estimation asserts long-run association in this process. Whatever granger causality shows bidirectional electricity industrialization. Capital have also. A unidirectional exists oil where manufacturing causality. estimated result of error correction mechanism (ECM) speed equilibrium at 45% within time. ECT has been significant a 1% level pessimistic sign. assistances attempt ensuring importance use supervision aspect industrial enlargement making an allowance for indicators. Keywords : Industrialization, Energy, DOLS, Granger Causality JEL Classifications O13, 014, P18, Q43 DOI: https://doi.org/10.32479/ijeep.10843