On the dynamics of energy consumption and output in the US
This note employs US annual data from 1949 to 2006 to compare the causal relationship between renewable and non-renewable energy consumption and real GDP, respectively. Given the sample size of the study, the Toda-Yamamoto causality tests reveal the absence of Granger-causality between renewable or non-renewable energy consumption and real GDP which supports the neutrality hypothesis.
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Volume (Year): 86 (2009)
Issue (Month): 4 (April)
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