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A VAR Based Study on Energy Consumption and Economic Growth

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  • Mohamed Alshami

    (Alqasimia University, Sharjah, UAE.)

Abstract

Economic growth and energy consumption are interrelated for an economy and these variables are expected to indicate a positive correlation. This relationship has been probed in the study in the context of the United Arab Emirates for the time period 1996-2020. The study uses basic regression and Vector Auto Regression techniques for analysis. The study found that energy consumption and non-renewable energy consumption are positively correlated, are dependent on the country s economic growth and this relationship is optimum at a lag of 7 years.

Suggested Citation

  • Mohamed Alshami, 2023. "A VAR Based Study on Energy Consumption and Economic Growth," International Journal of Energy Economics and Policy, Econjournals, vol. 13(1), pages 317-321, January.
    • Handle: RePEc:eco:journ2:2023-01-34
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Energy; VAR; Economic growth; UAE; Energy economics;
    All these keywords.

    JEL classification:

    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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