Nuclear energy consumption and economic growth in OECD countries: Cross-sectionally dependent heterogeneous panel causality analysis

Nazlıoğlu, Şaban; Lebe, Fuat; Kayhan, Selim

doi:10.1016/j.enpol.2011.08.007

Cited by 143 publications

(41 citation statements)

References 20 publications

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“…By using the same methodology for a panel of sixteen developed and newly developing countries, Apergis and Payne [3] supported the feedback hypothesis in the short-run and the growth hypothesis in the long-run. Another study carried out by Nazlioglu et al [19] for 14 OECD countries, and have supported the feedback hypothesis.…”

Section: Introductionsupporting

confidence: 50%

“…The utilization of nuclear energy to meet increasing energy demand is a useful way in the context of Kyoto protocol. On the other hand, social aims such as development of technologies in medicine, public health and agriculture call attention to invest more in nuclear energy sector [19]. In contrast, in Finland, Hungary, India, Japan, Switzerland, and the U.K. there is a positive bidirectional causality between nuclear energy consumption and economic growth.…”

Section: Independent Variablesmentioning

confidence: 97%

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Modeling the causal linkages between nuclear energy, renewable energy and economic growth in developed and developing countries

Omri

Mabrouk

Sassi-Tmar

2015

Renewable and Sustainable Energy Reviews

203

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a b s t r a c tThis article investigates the causal relationship between two types of energy variables and economic growth using dynamic simultaneous-equation panel data models for 17 developed and developing countries. Our results indicate that there is a unidirectional causality running from nuclear consumption to economic growth in Belgium and Spain, while a unidirectional causality running from economic growth to nuclear consumption is supported in Bulgaria, Canada, Netherlands, and Sweden. A bidirectional relationship appears in Argentina, Brazil, France, Pakistan, and the USA, while no causality exists in Finland, Hungary, India, Japan, Switzerland, and the U.K. Second, the results for the second nexus among renewable energy and economic growth show that there is a unidirectional causality running from renewable consumption to economic growth in

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Section: Introductionsupporting

confidence: 50%

Section: Independent Variablesmentioning

confidence: 97%

Modeling the causal linkages between nuclear energy, renewable energy and economic growth in developed and developing countries

Omri

Mabrouk

Sassi-Tmar

2015

Renewable and Sustainable Energy Reviews

203

View full text Add to dashboard Cite

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“…18 where the x-axis shows the year and the y-axis represents the stability of the loading coefficients of the VECM. 17 Nazlioglu et al [77] propose that there is a need to invest more in nuclear energy sector for a number of social aims. 18 Apergis et al [8] give details on the linkage between CO 2 emissions, the consumption of nuclear power, renewable energy consumption, and GDP.…”

Section: Conclusion and Policy Implicationsmentioning

confidence: 99%

Analysing the long-run relationship among oil market, nuclear energy consumption, and economic growth: An evidence from emerging economies

Naser

2015

Energy

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“…Thereafter, studies considering structural breaks but not cross-sectional dependence were published [42]. Recently, most studies have been conducted using dependent panel analysis [17,22,23,[43][44][45]. Some have considered cross-sectional dependence and structural breaks simultaneously [22,23].…”

Section: Introductionmentioning

confidence: 99%

Coal Consumption and Economic Growth: Panel Cointegration and Causality Evidence from OECD and Non-OECD Countries

Jin

Kim

2018

Sustainability

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This paper examines the relationship between coal consumption and economic growth for 30 OECD (Organisation for Economic Co-operation and Development) countries and 32 non-OECD countries for 1990-2013 using a multivariate dependent panel analysis. For the analysis, we conducted the common factor defactorization process, unit root test, cointegration test, long-run cointegrating vector, and Granger causality test. Our results suggest the following: First, there is no long-run relationship between coal consumption and economic growth in OECD countries; however, in non-OECD countries, the relationship does exist. Second, excessive coal usage may hinder economic growth in the long run. Lastly, the growth hypothesis (coal consumption affects economic growth positively) is supported in the short run for non-OECD countries. As coal consumption has a positive effect on economic growth in the short run and a negative effect in the long run, energy conservation policies may have adverse effects only in the short run. Thus, non-OECD countries should gradually switch their energy mix to become less coal-dependent as they consider climate change. Moreover, a transfer of technology and financial resources from developed to developing countries must be encouraged at a global level.

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Nuclear energy consumption and economic growth in OECD countries: Cross-sectionally dependent heterogeneous panel causality analysis

Cited by 143 publications

References 20 publications

Modeling the causal linkages between nuclear energy, renewable energy and economic growth in developed and developing countries

Modeling the causal linkages between nuclear energy, renewable energy and economic growth in developed and developing countries

Analysing the long-run relationship among oil market, nuclear energy consumption, and economic growth: An evidence from emerging economies

Coal Consumption and Economic Growth: Panel Cointegration and Causality Evidence from OECD and Non-OECD Countries

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