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Energy Consumption and Economic Growth: Empirical Evidence from MENA Region

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  • Najia Saqib

    (Department of Finance, College of Business Administration, Prince Sultan University, P.O. Box No. 66833, Rafha Street, Riyadh, 11586, Saudi Arabia)

Abstract

This paper examines the causal relationship between energy consumption and real GDP of the fourteen MENA Countries over the period 1987 2019 by using bivariate Vector Auto-regression model and Granger causality approach. This study shows the existence of unidirectional, bidirectional or no causal relationship between energy consumption and economic growth of different countries in MENA Region. The study also suggests the environmental and energy policies should recognize the relationship between energy consumption and economic growth in order to maintain sustainable economic growth in MENA region.

Suggested Citation

  • Najia Saqib, 2021. "Energy Consumption and Economic Growth: Empirical Evidence from MENA Region," International Journal of Energy Economics and Policy, Econjournals, vol. 11(6), pages 191-197.
    • Handle: RePEc:eco:journ2:2021-06-22
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    3. Nikolaos Vettas & Alexandros Louka & Konstantinos Peppas & Yakinthi Pountouraki & Michael Vasileiadis, 2022. "Trends in total factor productivity in Greece and its determinants during the period 2005-2019," Economic Bulletin, Bank of Greece, issue 56, pages 7-43, December.
    4. Torok Laszlo, 2023. "Correlation of Greenhouse Gas Emissions with Economic Growth in the European Union (2010-2019)," International Journal of Energy Economics and Policy, Econjournals, vol. 13(4), pages 102-110, July.
    5. Ivan A. Duran & Najia Saqib & Haider Mahmood, 2023. "Assessing the Connection between Nuclear and Renewable Energy on Ecological Footprint within the EKC Framework: Implications for Sustainable Policy in Leading Nuclear Energy-producing Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 13(2), pages 256-264, March.
    6. Christos Antonopoulos & Sofia Anyfantaki & Theodora Kosma & Evangelia Papapetrou & Filippos Petroulakis & Pavlos Petroulas & Pinelopi Zioutou, 2022. "The Greek Labour market before and after the pandemic: slack tightness and skills mismatch," Economic Bulletin, Bank of Greece, issue 56, pages 45-74, December.
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    More about this item

    Keywords

    Energy consumption; Economic growth; Causality; Cointegration;
    All these keywords.

    JEL classification:

    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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