Co-Integration and Causality Testing of the Energy–GDP Relationship: A Cross-Country Study

Nachane, Dilip M.; Nadkarni, Ramesh M.; Karnik, Ajit

doi:10.1080/00036848800000083

Cited by 97 publications

(22 citation statements)

References 34 publications

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“…This second generation literature, based on the Engle and Granger (1987) two-step procedure, studied pairs of variables to check for cointegration relationships and used estimated error-correction models to test for Granger causality (see, e.g. Nachane et al, 1988;Cheng and Lai, 1997;Glasure and Lee, 1998). Third generation studies used multivariate estimators in the style of Johansen (1991).…”

Section: Literature Reviewmentioning

confidence: 99%

Energy Consumption and Economic Growth - New Insights into the Cointegration Relationship

2010

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The working papers published in the Series constitute work in progress circulated to stimulate discussion and critical comments. Views expressed represent exclusively the authors' own opinions and do not necessarily refl ect those of the editors. Terms of use: Documents in Ruhr Economic Papers #190

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Section: Literature Reviewmentioning

confidence: 99%

Energy Consumption and Economic Growth - New Insights into the Cointegration Relationship

2010

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“…Other studies also used bivariate models (see e.g., Nachane et al 1988;Glasure and Lee 1988;Cheng and Lai 1997). Aside from the bivariate models there were a few studies that utilized multivariate models that allow for more than two variables in the co-integrating relationships (see e.g., Oh and Lee 2004;Lee 005;Chen et al 2007;Mahadevan and Asafu-Adjaye 2007).…”

Section: Literature Reviewmentioning

confidence: 99%

Vol. 2, No. 3, in July 2009

IBR¹

2009

IBR

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“…In a sixteen country study, Nachane et al (1988) found a unidirectional causality from commercial energy consumption per capita to real Gross Domestic Product (GDP) per capita for Argentina and Chile and bidirectional causality in the cases of Brazil, Colombia, and Venezuela.…”

Section: The Energy Consumption-growth Literaturementioning

confidence: 99%

The Nexus Between Energy Consum Ption and Economic Growth: The Case of México

Pegou¹,

Cesaire²

2017

PE-IPN

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This study examines the relationship between energy consumption and economic growth in Mexico within a multivariate framework in order to determine the degree to which energy consumption influences economic growth prospects in Mexico. Throughout this study, we look at the relationship between different forms of energies and economy growth. We used the granger causality test, which enabled us to verify the direction of causality between the variables of interest; the Breusch-Godfrey Serial Correlation LM test, to test for serial correlation of the stochastic variable and the ADF to test for stationary of the model. The results showed that there is a bidirectional relationship between economic growth and energy consumption in Mexico. Looking at all the sectors of usage of energy, we found that electricity produced from coal, nuclear and hydroelectric sources impact positively on economic growth, whereas electricity produced from natural gas and oil highly negatively impact on economic growth. Keywords ResumenEste estudio examina la relación entre el consumo de energía y el crecimiento económico en la economía de México, con el fin de determinar el grado de influencia del consumo de energía en las perspectivas de crecimiento de esta economía. Se utilizó la prueba de causalidad de Granger para verificar la dirección de la causalidad entre las variables de interés; la prueba La Grange Multipliers (LM) de correlación de serie de Breusch-Godfrey para probar la correlación de serie de la variable estocástica y el ADF para probar la estacionalidad del modelo. Los resultados muestran una relación bidireccional entre el crecimiento económico y el consumo de energía en México. En cuanto a los sectores de la utilización de la energía, se encontró que la electricidad producida a partir del carbón, de la energía nuclear y de la hidroeléctrica impactan positivamente en el crecimiento económico, mientras que la electricidad generada a partir del gas natural y petróleo impactan negativamente.

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Co-Integration and Causality Testing of the Energy–GDP Relationship: A Cross-Country Study

Cited by 97 publications

References 34 publications

Energy Consumption and Economic Growth - New Insights into the Cointegration Relationship

Energy Consumption and Economic Growth - New Insights into the Cointegration Relationship

Vol. 2, No. 3, in July 2009

The Nexus Between Energy Consum Ption and Economic Growth: The Case of México

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