Energy consumption and economic growth for selected OECD countries: Further evidence from the Granger causality test in the frequency domain

Bozoklu, Şeref; Yılancı, Veli

doi:10.1016/j.enpol.2013.09.037

Cited by 122 publications

(47 citation statements)

References 23 publications

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“…Since the pioneer work of Kraft and Kraft (1978), Granger causality test approach has become a popular tool for studying the relationship between economic growth and energy consumption in different countries (e.g. Belloumi, 2009;Bozoklu and Yilanci, 2013;Pao and Fu, 2013). Bozoklu and Yilanci (2013) have been investigated the causal linkage between energy consumption and economic growth and find that economic growth Granger causes energy consumption (conservation hypothesis) and also, they found that energy consumption Granger causes economic growth for a sample of 20 OECD countries.…”

Section: Introductionmentioning

confidence: 99%

“…Belloumi, 2009;Bozoklu and Yilanci, 2013;Pao and Fu, 2013). Bozoklu and Yilanci (2013) have been investigated the causal linkage between energy consumption and economic growth and find that economic growth Granger causes energy consumption (conservation hypothesis) and also, they found that energy consumption Granger causes economic growth for a sample of 20 OECD countries. While Pao and Fu (2013) although the estimated long-run coefficients of income and its square satisfy the EKC hypothesis in most studied countries, the turning points are very low in some cases and very high in other cases, hence providing poor evidence in support of the EKC hypothesis.…”

Section: Introductionmentioning

confidence: 99%

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Simultaneity modeling analysis of the environmental Kuznets curve hypothesis

2016

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This paper provides an extensive survey of the great progress in the literature of energy-environment-growth nexus for both specific-and multi-county studies covering the period from 1978 to 2014. The survey focuses on country (ies) coverage, periods, modeling methodologies, and empirical conclusions. Our survey is based on the direction of causality between (i)energy consumption (electricity, nuclear, renewable and non-renewable) and economic growth; (ii) between economic growth and environment; and between the three variables at the same time. As a general remark from these studies is that the literature produced paradoxical and not conclusive results which energy consumption can boost economic growth through the productivity enhancement and it can boost also the environmental damages through the enhancement of pollutant emissions. This survey gives researchers a 'snap shot' of the literature on the causality between the four types of energy, environment and economic growth for both individual and collective cases. Understanding the causal links between environment, economic growth and different types of energy consumption provides a basis for discussion in order to design and implementating effective energy and environmental policies.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Simultaneity modeling analysis of the environmental Kuznets curve hypothesis

2016

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“…The first group consists of studies that investigate the causal links between energy consumption and economic growth (see, among others, Kraft and Kraft, 1978;Chiou-Wei et al, 2008;Chontanawat et al, 2008;Huang et al, 2008;Akinlo, 2009;Apergis and Payne, 2009b;Ghosh, 2009;Payne, 2010;Ozturk, 2010;Eggoh et al, 2011;Joyeux and Ripple, 2011;Chu and Chang, 2012;Dagher and Yacoubian, 2012;Abbas and Choudhury, 2013;Bozoklu and Yilanci, 2013;Dergiades et al, 2013;Yıldırım et al, 2014). The second group of studies concentrates its attention on the relationship between economic activity and emissions (e.g.…”

Section: Introductionmentioning

confidence: 99%

Energy consumption, CO 2 emissions, and economic growth: An ethical dilemma

Antonakakis¹,

Chatziantoniou

Filis

2017

Renewable and Sustainable Energy Reviews

396

129

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In this study we examine the dynamic interrelationship in the output-energyenvironment nexus by applying panel vector autoregression (PVAR) and impulse response function analyses to data on energy consumption (and its subcomponents), carbon dioxide emissions and real GDP in 106 countries classified by different income groups over the period 1971-2011. Our results reveal that the effects of the various types of energy consumption on economic growth and emissions are heterogeneous on the various groups of countries. Moreover, causality between total economic growth and energy consumption is bidirectional, thus making a case for the feedback hypothesis. However, we cannot report any statistically significant evidence that renewable energy consumption, in particular, is conducive to economic growth, a fact that weakens the argument that renewable energy consumption is able to promote growth in a more efficient and environmentally sustainable way. Finally, in analysing the case for an inverted U-shaped EKC, we find that the continued process of growth aggravates the greenhouse gas emissions phenomenon. In this regard, we cannot provide any evidence that developed countries may actually grow-out of environmental pollution. In the light of these findings, the efficacy of recent government policies in various countries to promote renewable energy consumption as a means for sustainable growth is questioned. Put differently, there seems to be a moral dilemma, between high economic growth rates and unsustainable environment and low or zero economic growth and environmental sustainability.

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“…Therefore, there are four hypotheses in energy-growth literature (Bozoklu and Yilanci, 2013;Damette and Seghir, 2013;Ozturk, 2010;among others). The growth hypothesis implies that energy consumption is one of the drivers of economic growth while the conservative hypothesis argues for unidirectional causality from economic growth to energy consumption.…”

Section: Introductionmentioning

confidence: 99%

Residential Electricity Use Effects of Population in Kazakhstan

Mikayilov¹,

Hasanov

Yusifov³

2018

IJETP

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Abstract:We studied impacts of population groups of 15-64 and 65-above on residential electricity use in Kazakhstan in the STIRPAT framework. Unlike earlier studies for Kazakhstan in the STIRPAT framework, we applied time series cointegration and error correction methods. Results from the autoregressive distributed lags bounds testing approach indicate a significant impact of the age group of 15-64 on the residential electricity use in long-run, however, the age group of 65-above has only short-run effects and affluence has no effect. Another finding is that, 21% of short-run disequilibrium can be corrected towards long-run equilibrium during a year. Policymakers should consider the trend of the population group of 15-64 in their decision about the long-run stance of the residential electricity consumption. The trend suggests an implementation of energy conservative policy and increasing efficiency of its usage. Another policy implication is that household's electricity consumption is not income dependent maybe due to cheap electricity prices subsidised by the government. In the short-run, policy makers should consider the age group of 65-above among other factors in their implementations. Moreover, they should be careful in making any policy shock to the residential electricity consumption system, because convergence towards long-run equilibrium path takes about six years.

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Energy consumption and economic growth for selected OECD countries: Further evidence from the Granger causality test in the frequency domain

Cited by 122 publications

References 23 publications

Simultaneity modeling analysis of the environmental Kuznets curve hypothesis

Simultaneity modeling analysis of the environmental Kuznets curve hypothesis

Energy consumption, CO 2 emissions, and economic growth: An ethical dilemma

Residential Electricity Use Effects of Population in Kazakhstan

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