The energy consumption-GDP nexus: Panel data evidence from 88 countries
AbstractThis paper uses panel data from 88 countries to examine the relationship between per capita GDP and per capita energy consumption. The results show that per capita GDP and per capita energy consumption are cointegrated. Also, there is a two-way short-run, long-run and strong causality between the growth of GDP and growth of energy consumption. These results are in contrast to almost all other existing studies.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 18446.
Date of creation: 07 Nov 2009
Date of revision:
panel data; energy consumption; economic growth;
Find related papers by JEL classification:
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
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