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Energy consumption and economic activity: an empirical study for G20

Author

Listed:
  • Saida Zaidi
  • Rafik Jbir
  • Samia Gmidene

Abstract

This paper uses the panel data of energy consumption, electricity, oil and economic activity for 20 countries from 1990 to 2010. The empirical results of this study are as follows: there is a long relationship between energy consumption and economic activity. The panel causality test results reveal that there is long-run Granger causality running from electricity and oil to economic activity and there is unidirectional causality between electricity, oil and economic activity. Our findings have important policy implications, especially, because these countries are the first consumers of electricity in the world.

Suggested Citation

  • Saida Zaidi & Rafik Jbir & Samia Gmidene, 2014. "Energy consumption and economic activity: an empirical study for G20," International Journal of Sustainable Economy, Inderscience Enterprises Ltd, vol. 6(3), pages 217-229.
    • Handle: RePEc:ids:ijsuse:v:6:y:2014:i:3:p:217-229
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    More about this item

    Keywords

    energy consumption; gross domestic product; GDP; economic activity; G20; Granger causality test; electricity consumption; oil consumption.;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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