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Re-evaluating the energy consumption-economic growth nexus for the United States: An asymmetric threshold cointegration analysis

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  • Kourtzidis, Stavros A.
  • Tzeremes, Panayiotis
  • Tzeremes, Nickolaos G.

Abstract

This paper examines the relationship between energy consumption and economic growth for the United States both at a country and at a sectoral level (Industry, Residential, Electric Power and Transportation) using an asymmetric threshold cointegration approach and monthly data from January 1991 to May 2016. Granger causality tests support a neutrality hypothesis for all sectors, except for the case of total consumption at the country level where a unidirectional causality is running from energy consumption to economic growth.

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  • Kourtzidis, Stavros A. & Tzeremes, Panayiotis & Tzeremes, Nickolaos G., 2018. "Re-evaluating the energy consumption-economic growth nexus for the United States: An asymmetric threshold cointegration analysis," Energy, Elsevier, vol. 148(C), pages 537-545.
  • Handle: RePEc:eee:energy:v:148:y:2018:i:c:p:537-545
    DOI: 10.1016/j.energy.2018.01.172
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