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Sankaran, A., Kumar, S., K, A., & Das, M. (2019). Estimating the Causal Relationship between Electricity Consumption and Industrial Output: ARDL Bounds and Toda-Yamamoto Approaches for Ten Late Industrialized Countries. Heliyon, 5, e01904.
https://doi.org/10.1016/j.heliyon.2019.e01904

has been cited by the following article:

• TITLE: The Impact of Electric Power on Industrialization in Mongolia

  AUTHORS: Bayarjavkhlan Baatartsend, Battulga Munkhbaatar, Batzaya Bat-Ochir, Narangarav Ulzii

  KEYWORDS: Energy, Industry, Growth, Gross Domestic Product, Inflation

  JOURNAL NAME: Technology and Investment, Vol.15 No.4, November 22, 2024

  ABSTRACT: The study analyzed the relationship between electricity consumption and industrial growth in Mongolia. The research uses statistical data from 1989 to 2023 (including variables such as electricity consumption, per capita electricity use, inflation rate, gross domestic product, and the structure of the industrial sector), the analysis applies correlation analysis methods and error correction techniques to examine the data and estimate electricity consumption for 2030. The results indicate that, over the long term, industrial growth and electricity consumption are directly related to changes in gross domestic product, while changes in the inflation rate show no correlation. The study also identifies key factors influencing industrial development in Mongolia and specifies the impact of electricity on these factors.