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Causal relationship between nuclear energy consumption and economic growth in the G6 countries: Evidence from panel Granger causality tests

Author

Listed:
  • Tsangyao Chang

    (Department of Finance, Feng Chia University, Taichung, Taiwan)

  • Fabrice Gatwabuyege

    (Department of Economics, University of Pretoria)

  • Rangan Gupta

    (Department of Economics, University of Pretoria)

  • Roula Inglesi-Lotz

    (Department of Economics, University of Pretoria)

  • Nangamso C. Manjezi

    (Department of Economics, University of Pretoria)

  • Beatrice D. Simo-Kengne

    (Department of Economics, University of Pretoria)

Abstract

This paper analyses the causal linkages between nuclear energy consumption and economic growth for a panel of six developed countries including Canada, France, Germany, Japan, the UK and the US. Using annual data from 1971 to 2011, a Granger causality procedure based on meta-analysis in heterogeneous mixed panels is used to allow for cross-sectional dependence and heterogeneity across countries. Consistent with the conservation hypothesis, empirical results provide evidence of a unidirectional causality running from economic growth to nuclear energy consumption across the G-6 countries. This suggests that energy policy geared towards a reduction in nuclear energy consumption may not adversely impact economic growth. This finding corroborates the individual country results, except for the UK, for which support is obtained for the existence of a bidirectional causality between the two variables.

Suggested Citation

  • Tsangyao Chang & Fabrice Gatwabuyege & Rangan Gupta & Roula Inglesi-Lotz & Nangamso C. Manjezi & Beatrice D. Simo-Kengne, 2013. "Causal relationship between nuclear energy consumption and economic growth in the G6 countries: Evidence from panel Granger causality tests," Working Papers 201373, University of Pretoria, Department of Economics.
    • Handle: RePEc:pre:wpaper:201373
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    Cited by:

    1. Sofien, Tiba & Omri, Anis, 2016. "Literature survey on the relationships between energy variables, environment and economic growth," MPRA Paper 82555, University Library of Munich, Germany, revised 14 Sep 2016.

    More about this item

    Keywords

    Nuclear energy; Economic Growth; Dependency and Heterogeneity; Panel Causality;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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