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On the dynamics of energy consumption and output in the US

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  • Payne, James E.

Abstract

This note employs US annual data from 1949 to 2006 to compare the causal relationship between renewable and non-renewable energy consumption and real GDP, respectively. Given the sample size of the study, the Toda-Yamamoto causality tests reveal the absence of Granger-causality between renewable or non-renewable energy consumption and real GDP which supports the neutrality hypothesis.

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Bibliographic Info

Article provided by Elsevier in its journal Applied Energy.

Volume (Year): 86 (2009)
Issue (Month): 4 (April)
Pages: 575-577

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Handle: RePEc:eee:appene:v:86:y:2009:i:4:p:575-577

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Related research

Keywords: Renewable Non-renewable Energy Real GDP Granger-causality;

References

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  8. Stern, David I., 1993. "Energy and economic growth in the USA : A multivariate approach," Energy Economics, Elsevier, vol. 15(2), pages 137-150, April.
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  10. Lee, Chien-Chiang, 2006. "The causality relationship between energy consumption and GDP in G-11 countries revisited," Energy Policy, Elsevier, vol. 34(9), pages 1086-1093, June.
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  12. Soytas, Ugur & Sari, Ramazan, 2003. "Energy consumption and GDP: causality relationship in G-7 countries and emerging markets," Energy Economics, Elsevier, vol. 25(1), pages 33-37, January.
  13. Yu, Eden S. H. & Hwang, Been-Kwei, 1984. "The relationship between energy and GNP : Further results," Energy Economics, Elsevier, vol. 6(3), pages 186-190, July.
  14. Ewing, Bradley T. & Sari, Ramazan & Soytas, Ugur, 2007. "Disaggregate energy consumption and industrial output in the United States," Energy Policy, Elsevier, vol. 35(2), pages 1274-1281, February.
  15. Soytas, Ugur & Sari, Ramazan & Ewing, Bradley T., 2007. "Energy consumption, income, and carbon emissions in the United States," Ecological Economics, Elsevier, vol. 62(3-4), pages 482-489, May.
  16. Akarca, Ali T. & Long, Thomas II, 1979. "Energy and employment: a time-series analysis of the causal relationship," Resources and Energy, Elsevier, vol. 2(2-3), pages 151-162.
  17. Chontanawat, Jaruwan & Hunt, Lester C. & Pierse, Richard, 2008. "Does energy consumption cause economic growth?: Evidence from a systematic study of over 100 countries," Journal of Policy Modeling, Elsevier, vol. 30(2), pages 209-220.
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