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Energy consumption and GDP: causality relationship in G-7 countries and emerging markets
Date
2003-01-01
Author
Soytaş, Uğur
Sarı, Ramazan
Metadata
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The causality relationship between energy consumption and income is a well-studied topic in energy economics. This paper studies the time series properties of energy consumption and GDP and reexamines the causality relationship between the two series in the top 10 emerging markets-excluding China due to lack of data-and G-7 countries. We discover bi-directional causality in Argentina, causality running from GDP to energy consumption in Italy and Korea, and from energy consumption to GDP in Turkey, France, Germany and Japan. Hence, energy conservation may harm economic growth in the last four countries.
Subject Keywords
Energy consumption
,
Economic growth
,
Cointegration
,
Vector error correction
URI
https://hdl.handle.net/11511/35023
Journal
ENERGY ECONOMICS
DOI
https://doi.org/10.1016/s0140-9883(02)00009-9
Collections
Department of Business Administration, Article
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U. Soytaş and R. Sarı, “Energy consumption and GDP: causality relationship in G-7 countries and emerging markets,”
ENERGY ECONOMICS
, pp. 33–37, 2003, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/35023.