The causal relationship between energy consumption and economic growth

Download

index.pdf

Date

2008

Author

Çevirgen, Banu

Metadata

Show full item record

Item Usage Stats

207
views

173
downloads

The causal relationship between energy consumption and economic growth has been a controversial subject of the empirical literature. However, there is no common consensus neither on the existence nor on the direction of the causal relationship between energy consumption and economic growth. The purpose of this study is to investigate the causal relationship between energy consumption and economic growth using a consistent data set. Recently developed Granger causality tests in panel data models are used to uncover the existence and direction of causality between energy consumption economic growth in 21 low-income, 35 middle-income, and 26 high-income countries over the period 19902004. The empirical results explicitly support that the Granger causality from energy consumption to economic growth is more common in high-income countries than low-income and middle-income countries. Furthermore, the Granger causality from economic growth to energy consumption is more common in low-income and middle-income countries than high-income countries.

Subject Keywords

Economics.

URI

http://etd.lib.metu.edu.tr/upload/2/12609973/index.pdf
https://hdl.handle.net/11511/17892

Collections

Graduate School of Social Sciences, Thesis

Suggestions

OpenMETU
Core

The dominance of the dollar and its sustainability in the international monetary system Köse, Tekin; Ege, Aylin; Department of Economics (2008) The aim of this thesis is to analyze and evaluate the dominance of the dollar and its sustainability in the international monetary system in the light of recent literature and relevant statistical data. Considering the determinants of an international currency, this thesis focuses on the linkages of the dominance of the dollar with the challenge of the euro as an alternative international currency, the current account deficit of the U.S. and foreign exchange reserve accumulation and reserve diversification ...
Institutional approaches to technology and economic history Dildar, Yasemin; Yıldırım, Onur; Department of Economics (2009) This thesis is an attempt to reassess the long debated issues of economic history from the perspective of institutional economics. Besides examining different approaches to technology and its impact on economic and social life, it analyzes the role of institutions in history. It discusses the institutional interpretations of the critical developments of economic history such as, the Industrial Revolution and the Great Divergence, with an emphasis on differences between the two scholarly traditions, namely, ...
Critical realism as a rival methodology for institutional economics Gürpınar, Erkan; Özveren, Eyüp; Department of Economics (2008) The aim of the thesis is to clarify the methodology of the original institutional economics and then to evaluate the current attempts to utilize critical realism as a superior methodology for it. After sketching the historical background of the discussions surrounding methodology of science and 19th century economic methodology, the thesis separately analyses the methodology of institutional economics and critical realist stance in the philosophy of science. A critical discussion of the subject matter reach...
Determinants of current account deficits in industrialized and developing coıuntries: an empirical investigation Kaya Bahçe, Seçil Aysed; Kaya Bahçe, Seçil Aysed; Department of Economics (2005) This study aims to analyze the determinants of the current account deficits for a broad samples of industrial and developing countries for the period 1984-2001. Using a dynamic panel data estimation procedure, we try to unfold the impact of several macro economic and institutional variables on current account deficits. In this context, we also examine the validity of Feldstein Horioka puzzle and its relevance to the current account imbalances. Results show that better governance, a more sophisticated financ...
Economic liberalism and performance of developing countries: a comparative analysis Altun, Gizem; Şenses, Fikret; Department of Economics (2009) Economic liberalism has always been a very controversial issue in the content of development economics. The relation of neo-liberalism with economic development, as today’s dominant discourse of economics, has been highly debated in the last decades. The main objective of this thesis is to investigate this relationship via comparing four countries’ development experiences; Argentina, China, Turkey and Poland, in between 1965-2005. In addition to that purpose, this thesis aims to analyze whether the experien...

Citation Formats

B. Çevirgen, “The causal relationship between energy consumption and economic growth,” M.S. - Master of Science, Middle East Technical University, 2008.