| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 244080 | Applied Energy | 2010 | 5 Pages |
Abstract
The goal of this paper is to undertake a panel data investigation of long-run Granger causality between electricity consumption and real GDP for seven panels, which together consist of 93 countries. We use a new panel causality test and find that in the long-run both electricity consumption and real GDP have a bidirectional Granger causality relationship except for the Middle East where causality runs only from GDP to electricity consumption. Finally, for the G6 panel the estimates reveal a negative sign effect, implying that increasing electricity consumption in the six most industrialised nations will reduce GDP.
Related Topics
Physical Sciences and Engineering
Energy
Energy Engineering and Power Technology
Authors
Paresh Kumar Narayan, Seema Narayan, Stephan Popp,