The causal relationship between energy consumption and economic growth in Lebanon

Dagher, Leila; Yacoubian, Talar

doi:10.1016/j.enpol.2012.08.034

Cited by 146 publications

(66 citation statements)

References 60 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Second, the clear interface of tourism and energy use, in Lebanon, is another important factor for policy makers to consider given the outages of electricity and shortages of some fuels in the country. Third, the authors are not aware of any study of this issue for Lebanon with the exception of that of Dagher and Yacoubian [46]. Our study improves upon theirs, however, since we do not employ a bivariate framework as they did and since our sample is larger than theirs (1980-2009) and excludes the years of the civil war in Lebanon (1975Lebanon ( -1990.…”

Section: Motivation Of the Studymentioning

confidence: 56%

“…The final hypothesis is that of neutrality, where no causality between energy consumption and growth is found, and it is supported by Soytas et al [44] and Gross [45]. In the case of Lebanon, Dagher and Yacoubian [46] applied the cointegration developed by Johansen [47] and Granger causality by Toda and Yamamoto [48] as well as the VECM Granger causality to examine cointegration and causality relationship between energy consumption and economic growth. Their results indicated that long run relationship exists between the variables and energy consumption and economic growth are bidirectional Granger cause.…”

Section: Economic Growth and Energy Consumptionmentioning

confidence: 83%

See 1 more Smart Citation

The Links between Energy Consumption, Financial Development, and Economic Growth in Lebanon: Evidence from Cointegration with Unknown Structural Breaks

Abosedra

Shahbaz

Sbia³

2015

Journal of Energy

View full text Add to dashboard Cite

We investigate the relation between financial development, energy consumption, and economic growth in the economy of Lebanon over the period 2000M 2 -2010M 12 . Our findings confirm the existence of cointegration among the variables. The results indicate that financial development and energy consumption contribute to economic growth in Lebanon. The impact of energy consumption on economic growth is positive showing the significance of energy as a main stimulant of economic growth. Financial development is also found to play a vital role in enhancing economic growth. Financial development and economic growth also result in further increase in energy consumption. We offer some policy implications specific to Lebanon considering the recent discovery of large oil and gas reserves in the country and the historical importance of its banking sector which remains a center of Lebanon's serviceoriented economy.

show abstract

Section: Motivation Of the Studymentioning

confidence: 56%

Section: Economic Growth and Energy Consumptionmentioning

confidence: 83%

The Links between Energy Consumption, Financial Development, and Economic Growth in Lebanon: Evidence from Cointegration with Unknown Structural Breaks

Abosedra

Shahbaz

Sbia³

2015

Journal of Energy

View full text Add to dashboard Cite

show abstract

“…In other words, the overall market value of all final goods and services produced in a country in a given year has become the indicator of the economic growth and development. An example of the use of GDP can be seen in the study by Yacoubian and Dagher (2012). Meanwhile, the study by Ozun and Cifter (2007) employed gross national product (GNP) which basically gauges the value of goods and services produced by the country's citizens irrespective of of their location, as a proxy of economic growth.…”

Section: Gross Domestic Product (Gdp) As a Proxy Of Economic Growthmentioning

confidence: 99%

Examining Causality Relationships among Energy Consumption, Economic Growth and Islamic Banking System Performance in Jordan

Oudat¹,

Ahmad²,

Yazis³

2015

IJEF

View full text Add to dashboard Cite

Various studies have been conducted to examine the causal relationship between economic growth and energy consumption among the countries that export and import energy sources but the discussions on the causal relationship between Islamic banking system performance and energy consumption are still lacking. The first aim of this paper is to provide some clarifications on the causal relationship between economic growths, GDP is used as a proxy of Jordan's economic growth and energy consumption, and also between Islamic banking system performances, and Murabaha is used as a proxy of Jordanian Islamic Bank performance and energy consumption. The second aim is to explore how far the Islamic banking system direction from the economic growth direction when affected by some macroeconomic variables such as energy consumption. Jordan has been chosen as the country under study because it heavily relied on imported energy sources to meet its needs. In order to analyze the long and short-run relationship, the annual time series data were used by employing the autoregressive distributed lag model (ARDL). Meanwhile, the Augmented Dickey Fuller (ADF) (1987) and the Ng-Perron (2001) were used for stationary test. Additionally, the Bounds F-statistics test was employed for testing co-integration among the variables. The ARDL approach was used to analyze the long-run and short-run relationships and for exploring the causal relationship among variables, the Granger causality test was employed. Results from the analyses show that the economic growth and energy consumption as well between Islamic banking system performance and energy consumption indicate unidirectional causal relationships but not vice versa. Another main finding is that Islamic banking system direction moves with the same economic growth direction in Jordan when affected by the energy consumption.

show abstract

“…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

View full text Add to dashboard Cite

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.

show abstract

The causal relationship between energy consumption and economic growth in Lebanon

Cited by 146 publications

References 60 publications

The Links between Energy Consumption, Financial Development, and Economic Growth in Lebanon: Evidence from Cointegration with Unknown Structural Breaks

The Links between Energy Consumption, Financial Development, and Economic Growth in Lebanon: Evidence from Cointegration with Unknown Structural Breaks

Examining Causality Relationships among Energy Consumption, Economic Growth and Islamic Banking System Performance in Jordan

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

Contact Info

Product

Resources

About