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Energy Consumption and Economic Growth Nexus: Evidence from Developed Countries in Europe

Listed author(s):
  • Okyay Uçan

    (Nigde University, FEAS, Nigde, Turkey)

  • Ebru Arýcýoðlu

    (Nigde University, FEAS, Nigde, Turkey)

  • Fatih Yücel

    (Nigde University, FEAS, Nigde, Turkey)

This paper analyzes the relationship between renewable and non-renewable energy consumption and economic growth for a panel of fifteen European Union countries over the period 1990-2011 within a multivariate framework. The heterogeneous panel cointegration tests present a long-run equilibrium relationship between real GDP, renewable and non-renewable energy consumption, greenhouse gas emissions and research and development. The Granger-causality results demonstrate unidirectional causality between non-renewable energy consumption and economic growth

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File URL: http://www.econjournals.com/index.php/ijeep/article/download/848/476
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Article provided by Econjournals in its journal International Journal of Energy Economics and Policy.

Volume (Year): 4 (2014)
Issue (Month): 3 ()
Pages: 411-419

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Handle: RePEc:eco:journ2:2014-03-10
Contact details of provider: Web page: http://www.econjournals.com

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