Energy Consumption and Economic Growth Revisited: Structural Breaks and Cross-Section Dependence

Dobnik, Frauke

doi:10.2139/ssrn.1981869

Cited by 19 publications

(11 citation statements)

References 79 publications

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“…The outcome is in line with the feedback hypothesis [17] in which energy consumption and GDP affect each other simultaneously. Accordingly, our findings suggest that policy makers should foster regulations to reduce energy use in Italy.…”

Section: Discussionsupporting

confidence: 84%

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Is there any relationship between energy and TFP (total factor productivity)? A panel cointegration approach for Italian regions

Ladu

Meleddu

2014

Energy

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Section: Discussionsupporting

confidence: 84%

“…As Dobnik [17] underlines, the outcome of the causality analysis in this field has four implications. The first implication is connected to the growth hypothesis that considers energy consumption as a key element for growth.…”

Section: Introductionmentioning

confidence: 99%

Is there any relationship between energy and TFP (total factor productivity)? A panel cointegration approach for Italian regions

Ladu

Meleddu

2014

Energy

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“…The empirical indication of a dynamic panel error-correction model of Dobnik [39] study signify a bidirectional causal linkage between economic growth and energy use in both the short-run and long-run for 23 OECD countries during 1971-2009. Lau et al [40] study shows that causality running from energy consumption to economic growth in the short-run, but the long-run causal relation exists from economic growth to energy consumption for 2 World Economic Forum [2].…”

Section: Introductionmentioning

confidence: 94%

Causal nexus between energy consumption and economic growth for high, middle and low income countries using frequency domain analysis

Ahmed

Azam

2016

Renewable and Sustainable Energy Reviews

115

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This study aims to investigate the causal nexus between energy consumption and natural economic growth for 119 countries from all over the world having at-least 30 years of available data on candidate variables, including 30 high income OECD, 13 high income non-OECD, 65 middle income and 11 low income countries. The study employed Granger-causality in the frequency domain approach for empirical analysis, which allows one to examine the causal nexus over different frequencies and thus provides relatively a better picture of the causal nexus between the candidate variables. In particular, we examine the temporary (shortrun) as well as at permanent (long-run) causal nexus between energy consumption and economic growth. The empirical results suggest that 18 countries (including 5 high income OECD, 2 high income Non-OECD, 10 middle income and 1 low income) confirm the existence of feedback hypothesis, 25 countries (including 4 high income OECD, 3 high income non-OECD, 14 middle income and 4 low income) confirm growth hypothesis out of total 119 countries. Similarly, 40 countries (including 6 high income OECD, 6 high income non-OECD, 27 middle income and 1 low income) suggest conservation hypothesis, while, 36 countries (comprising of 15 high income OECD, 2 high income non-OECD, 14 middle income and 5 low income) holds neutrality hypothesis between energy consumption and economic growth out of 119 countries. The finding of the study suggests that an appropriate and effective public policy is required for all sample countries both in the short and long-term, while considering sustainable economic growth and development.

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“…Asafu-Adjaye (2000), Yoo (2006), Yuan et al (2007), Gosh (2010) and Niu et al (2011), among others), European countries (e.g. Narayan and Parasad (2008), Beck et al (2011) and Dobnick (2011)) and Middle East North African countries (MENA); For instance, Acaravci and Ozturk (2010), Al-Mulati (2011) and Arouri et al (2012). Appendix A provides a chronological list of the literature on the causal linkage between electricity consumption and economic growth depending to the nature of countries (American versus Asian versus European versus MENA countries, developed versus developing countries, economies with low income versus those with high income, energy importers versus energy exporters, countries with high GDP versus those with low GDP and OECD countries versus non-OECD countries, etc…).…”

Section: Introductionmentioning

confidence: 99%

The nexus between electricity consumption and economic growth in MENA countries

Bouoiyour

Selmi

2014

Energy Studies Review

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:We assess the causality between electricity consumption and economic growth for a panel of twelve MENA countries (seven energy exporters and five energy importers) over the period 1975-2010 within a bivariate framework using panel cointegration methods and panel causality test. By doing so, we show that 16.66% of MENA countries supported the growth hypothesis, 25% the conservation hypothesis, 33.33% the feedback hypothesis and 25% the neutrality hypothesis. For energy exporters, we support the growth hypothesis in 14.28% of cases at the same way of conservation hypothesis, the feedback hypothesis in 42.88% and the neutrality hypothesis in 28.57%. For energy importers, almost 60% of cases provide support for conservation hypothesis. Additionally, we show that Iran and Turkey behave better than the rest of countries in terms of the focal link. We attribute this apparently result to the good structuring of the electricity sector.

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Energy Consumption and Economic Growth Revisited: Structural Breaks and Cross-Section Dependence

Cited by 19 publications

References 79 publications

Is there any relationship between energy and TFP (total factor productivity)? A panel cointegration approach for Italian regions

Is there any relationship between energy and TFP (total factor productivity)? A panel cointegration approach for Italian regions

Causal nexus between energy consumption and economic growth for high, middle and low income countries using frequency domain analysis

The nexus between electricity consumption and economic growth in MENA countries

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