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The relationship among natural gas energy consumption, capital and economic growth: Bootstrap-corrected causality tests from G-7 countries

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  • Kum, Hakan
  • Ocal, Oguz
  • Aslan, Alper

Abstract

This paper examines the relationship between natural gas consumption, economic growth and capital by using G-7 countries data and a bootstrap-corrected causality test for the period 1970–2008. It was found eight significant Granger causality relationships. For Italy, the Granger causality is from natural gas consumption to growth and United Kingdom adverse. For pattern of France, Germany and United States there is two sided Granger causality between natural gas and growth.

Suggested Citation

  • Kum, Hakan & Ocal, Oguz & Aslan, Alper, 2012. "The relationship among natural gas energy consumption, capital and economic growth: Bootstrap-corrected causality tests from G-7 countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(5), pages 2361-2365.
    • Handle: RePEc:eee:rensus:v:16:y:2012:i:5:p:2361-2365
    DOI: 10.1016/j.rser.2012.01.041
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    More about this item

    Keywords

    Economic growth; Natural Gas Consumption; Capital;
    All these keywords.

    JEL classification:

    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment

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