This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Causality between Energy Consumption and GDP: Evidence from 30 OECD and 78 Non-OECD Countries

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Jaruwan Chontanawat (Surrey Energy Economics Centre (SEEC), Department of Economics, University of Surrey)
Lester C. Hunt () (Surrey Energy Economics Centre (SEEC), Department of Economics, University of Surrey)
Richard Pierse (Department of Economics, University of Surrey)

Additional information is available for the following registered author(s):

Abstract

Energy arguably plays a vital role in economic development. Hence many studies have attempted to test for causality between energy and economic growth; however, no consensus has emerged. This paper, therefore, tests for causality between energy and GDP using a consistent data set and methodology for 30 OECD and 78 non-OECD countries. Causality from aggregate energy consumption to GDP and GDP to energy consumption is found to be more prevalent in the developed OECD countries compared to the developing non-OECD countries; implying that a policy to reduce energy consumption aimed at reducing emissions is likely to have greater impact on the GDP of the developed rather than the developing world.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.seec.surrey.ac.uk/Research/SEEDS/SEEDS113.pdf
File Format: application/pdf
File Function:
Download Restriction: no

Publisher Info
Paper provided by Surrey Energy Economics Centre (SEEC), Department of Economics, University of Surrey in its series Surrey Energy Economics Centre (SEEC), Department of Economics Discussion Papers (SEEDS) with number 113.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 64 pages
Date of creation: Jun 2006
Date of revision:
Publication status: Published in The Journal of Policy Modeling, 30(2), March-April 2008, pp. 209-220 (An abridged version with different title).
Handle: RePEc:sur:seedps:113

Contact details of provider:
Postal: Guildford, Surrey GU2 5XH, UK
Phone: +44(0)1483 686956
Fax: +44(0)1483 689548
Email:
Web page: http://www.seec.surrey.ac.uk
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: (Lester C Hunt).

Related research
Keywords: Energy; GDP; Development; Causality; Modelling;

Find related papers by JEL classification:
O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Ghali, Khalifa H. & El-Sakka, M. I. T., 2004. "Energy use and output growth in Canada: a multivariate cointegration analysis," Energy Economics, Elsevier, vol. 26(2), pages 225-238, March. [Downloadable!] (restricted)
  2. Toman, Michael & Jemelkova, Barbora, 2003. "Energy and Economic Development: An Assessment of the State of Knowledge," Discussion Papers dp-03-13, Resources For the Future. [Downloadable!]
  3. Oh, Wankeun & Lee, Kihoon, 2004. "Energy consumption and economic growth in Korea: testing the causality relation," Journal of Policy Modeling, Elsevier, vol. 26(8-9), pages 973-981, December. [Downloadable!] (restricted)
  4. Yoo, Seung-Hoon, 2005. "Electricity consumption and economic growth: evidence from Korea," Energy Policy, Elsevier, vol. 33(12), pages 1627-1632, August. [Downloadable!] (restricted)
  5. Granger, C W J, 1969. "Investigating Causal Relations by Econometric Models and Cross-Spectral Methods," Econometrica, Econometric Society, vol. 37(3), pages 424-38, July. [Downloadable!] (restricted)
  6. Altinay, Galip & Karagol, Erdal, 2005. "Electricity consumption and economic growth: Evidence from Turkey," Energy Economics, Elsevier, vol. 27(6), pages 849-856, November. [Downloadable!] (restricted)
  7. Ebohon, Obas John, 1996. "Energy, economic growth and causality in developing countries : A case study of Tanzania and Nigeria," Energy Policy, Elsevier, vol. 24(5), pages 447-453, May. [Downloadable!] (restricted)
  8. Wolde-Rufael, Yemane, 2005. "Energy demand and economic growth: The African experience," Journal of Policy Modeling, Elsevier, vol. 27(8), pages 891-903, November. [Downloadable!] (restricted)
  9. Paul, Shyamal & Bhattacharya, Rabindra N., 2004. "Causality between energy consumption and economic growth in India: a note on conflicting results," Energy Economics, Elsevier, vol. 26(6), pages 977-983, November. [Downloadable!] (restricted)
  10. Lee, Chien-Chiang, 2005. "Energy consumption and GDP in developing countries: A cointegrated panel analysis," Energy Economics, Elsevier, vol. 27(3), pages 415-427, May. [Downloadable!] (restricted)
  11. Hirotugu Akaike, 1969. "Fitting autoregressive models for prediction," Annals of the Institute of Statistical Mathematics, Springer, vol. 21(1), pages 243-247, December. [Downloadable!] (restricted)
  12. Morimoto, Risako & Hope, Chris, 2004. "The impact of electricity supply on economic growth in Sri Lanka," Energy Economics, Elsevier, vol. 26(1), pages 77-85, January. [Downloadable!] (restricted)
  13. Stern, David I., 2000. "A multivariate cointegration analysis of the role of energy in the US macroeconomy," Energy Economics, Elsevier, vol. 22(2), pages 267-283, April. [Downloadable!] (restricted)
    Other versions:
  14. Altinay, Galip & Karagol, Erdal, 2004. "Structural break, unit root, and the causality between energy consumption and GDP in Turkey," Energy Economics, Elsevier, vol. 26(6), pages 985-994, November. [Downloadable!] (restricted)
  15. Michael T. Toman & Barbora Jemelkova, 2003. "Energy and Economic Development: An Assessment of the State of Knowledge," The Energy Journal, International Association for Energy Economics, vol. 24(4), pages 93-112.
  16. Stern, David I., 1993. "Energy and economic growth in the USA : A multivariate approach," Energy Economics, Elsevier, vol. 15(2), pages 137-150, April. [Downloadable!] (restricted)
  17. Hsiao, Cheng, 1981. "Autoregressive modelling and money-income causality detection," Journal of Monetary Economics, Elsevier, vol. 7(1), pages 85-106. [Downloadable!] (restricted)
  18. Ghosh, Sajal, 2002. "Electricity consumption and economic growth in India," Energy Policy, Elsevier, vol. 30(2), pages 125-129, January. [Downloadable!] (restricted)
  19. Jumbe, Charles B. L., 2004. "Cointegration and causality between electricity consumption and GDP: empirical evidence from Malawi," Energy Economics, Elsevier, vol. 26(1), pages 61-68, January. [Downloadable!] (restricted)
  20. Hondroyiannis, George & Lolos, Sarantis & Papapetrou, Evangelia, 2002. "Energy consumption and economic growth: assessing the evidence from Greece," Energy Economics, Elsevier, vol. 24(4), pages 319-336, July. [Downloadable!] (restricted)
  21. Nachane, Dilip M & Nadkarni, Ramesh M & Karnik, Ajit V, 1988. "Co-integration and Causality Testing of the Energy-GDP Relationship: A Cross-country Study," Applied Economics, Taylor and Francis Journals, vol. 20(11), pages 1511-31, November.
  22. 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. [Downloadable!] (restricted)
  23. Asafu-Adjaye, John, 2000. "The relationship between energy consumption, energy prices and economic growth: time series evidence from Asian developing countries," Energy Economics, Elsevier, vol. 22(6), pages 615-625, December. [Downloadable!] (restricted)
  24. Glasure, Yong U., 2002. "Energy and national income in Korea: further evidence on the role of omitted variables," Energy Economics, Elsevier, vol. 24(4), pages 355-365, July. [Downloadable!] (restricted)
Full references

Statistics
Access and download statistics

Did you know? About five million pdf files are downloaded through RePEc every year.

This page was last updated on 2009-11-10.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.