Does electricity consumption panel Granger cause GDP? A new global evidence
Data(s) |
01/10/2010
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Resumo |
The goal of this paper is to undertake a panel data investigation of long-run Granger causality between electricity consumption and real GDP for seven panels, which together consist of 93 countries. We use a new panel causality test and find that in the long-run both electricity consumption and real GDP have a bidirectional Granger causality relationship except for the Middle East where causality runs only from GDP to electricity consumption. Finally, for the G6 panel the estimates reveal a negative sign effect, implying that increasing electricity consumption in the six most industrialised nations will reduce GDP. © 2010 Elsevier Ltd. All rights reserved. |
Identificador | |
Idioma(s) |
eng |
Publicador |
Elsevier |
Relação |
http://dro.deakin.edu.au/eserv/DU:30069758/narayan-doeselectricity-2010.pdf http://www.dx.doi.org/10.1016/j.apenergy.2010.03.021 |
Palavras-Chave | #C22 #Electricity consumption #Panel Granger causality #Real GDP #Science & Technology #Technology #Energy & Fuels #Engineering, Chemical #Engineering #HETEROGENEOUS PANELS #ECONOMIC-GROWTH #CAUSALITY #TESTS #COINTEGRATION #COUNTRIES |
Tipo |
Journal Article |