Energy use and output growth in Canada: a multivariate cointegration analysis

Ghali, Khalifa H.; El-Sakka, Mohammed

doi:10.1016/s0140-9883(03)00056-2

Cited by 483 publications

(232 citation statements)

References 13 publications

Supporting

Mentioning

201

Contrasting

Unclassified

Order By: Relevance

“…They reported that energy consumption has a positive and significant effect on economic growth in Argentina, Italy and Korea and that unidirectional causality from economic growth to energy consumption also exists. Ghali and El-Sakka (2004) collected Canadian data for the period from 1961 to1997 to examine linkages between energy consumption and economics by applying the Johansen-Juselius (1990) and variance decomposition approaches. They confirmed the presence of bidirectional causality between energy consumption and economic growth.…”

Section: Electricity Consumption and Economic Growthmentioning

confidence: 99%

Dynamics of electricity consumption, oil price and economic growth: Global perspective

et al. 2017

View full text Add to dashboard Cite

Abstract:This study uses the data from 157 countries from 1960 to 2014 to analyze the relationship between economic growth, electricity consumption, oil prices, capital, and labor. The economic growth of developing countries with industrial infrastructure has a more significant association with electricity consumption than oil prices. We use oil prices and electricity consumption jointly to study highly predictive observations for economic growth. The data are categorized by income, OECD and regional levels. The panel cointegration, long-run parameter estimation, and Pool Mean Group testsare used to analyze the cointegration and short-run and long-run relationships between the variables. The empirical results indicate the presence of cointegration between the variables. The presence of feedback effects between electricity consumption and economic growth, oil prices and economic growth is valid. These findings confirm that inspite of the oil prices, developing countries rely heavily on electricity consumption for economic growth. In the short run, growth and feedback effects suggest that more vigorous electricity policies should be implemented to attain sustainable economic growth for the long-term.

show abstract

Section: Electricity Consumption and Economic Growthmentioning

confidence: 99%

Dynamics of electricity consumption, oil price and economic growth: Global perspective

et al. 2017

View full text Add to dashboard Cite

show abstract

“…Hondroyiannis et al (2002) in their analysis for Greece (1960Greece ( -1996 implemented the Johansen cointegration technique and the VECM causality framework as well as Ghali and El-Sakka (2004) under the same methodology for the Canadian economy , both found bidirectional causality between energy consumption and GDP. However, when Cleveland et al (2000) employed the standard Granger causality test, in a bivariate as well as in a multivariate framework, to the US economy they reached inconclusive results.…”

Section: Review Of the Literaturementioning

confidence: 99%

Energy consumption and economic growth: Parametric and non-parametric causality testing for the case of Greece

2013

View full text Add to dashboard Cite

The objective of this paper is to contribute to the understanding of the linear and nonlinear causal linkages between total energy consumption and economic activity, making use of annual time series of Greece for the period 1960-2008. Two are the salient features of our study: first, the total energy consumption has been adjusted for qualitative differences among its constituent components through the thermodynamics of energy conversion. In doing so, we rule out the possibility of a misleading inference due to aggregation bias. Second, the investigation of the causal linkage between economic growth and the adjusted for quality total energy consumption is conducted within a non-linear context. Our empirical results reveal significant unidirectional both linear and non-linear causal linkages running from total useful energy to economic growth. These findings may provide valuable information for the contemplation of more effective energy policies with respect to both the consumption of energy and environmental protection.JEL Classification: C14, C22, Q43, Q48.

show abstract

“…In fact, since the pioneering work of Kraft and Kraft (1978), the relationship between energy consumption and economic growth has become a hot topic in environmental science and energy economics. A large volume of empirical research from the last two decades confirms the existence of a strong historical correlation between these two variables, with most empirical results indicating that economic growth can indeed cause increases in energy consumption (Glasure, 2002;Ghali and El-Sakka, 2004;Akinlo, 2008;Apergis and Payne, 2009). Energy consumption, in turn, is now also generally recognized to be the main impact factor in relation to CO 2 emissions.…”

Section: Introductionmentioning

confidence: 97%

“…Similar results were found by Wang et al (2013) in Guangdong, Paul and Bhattacharya (2004) in India, Elif et al (2011) in Turkey, Acaravci and Ozturk (2010) in Europe, and Al-mulali et al (2013) in Latin America and the Caribbean. To test for the existence of a long-run relationship, the cointegration techniques developed by Engle and Granger (1987) and Pedroni (1997Pedroni ( , 1999 were widely used among researchers (see for example, Stern, 2000;Ghali andEl-Sakka, 2004, andSqualli, 2007; for some recent studies on developed and developing countries, e.g. Hwang and Yoo, 2014;Yavuz, 2014;Salahuddin and Gow, 2014;Alshehry andBelloumi, 2015, andJoo et al, 2015).…”

Section: Introductionmentioning

confidence: 99%

The relationship between economic growth, energy consumption, and CO2 emissions: Empirical evidence from China

Wang

Fang

et al. 2016

Science of The Total Environment

496

150

View full text Add to dashboard Cite

Energy use and output growth in Canada: a multivariate cointegration analysis

Cited by 483 publications

References 13 publications

Dynamics of electricity consumption, oil price and economic growth: Global perspective

Dynamics of electricity consumption, oil price and economic growth: Global perspective

Energy consumption and economic growth: Parametric and non-parametric causality testing for the case of Greece

The relationship between economic growth, energy consumption, and CO2 emissions: Empirical evidence from China

Contact Info

Product

Resources

About