A VAR Based Study on Energy Consumption and Economic Growth
Mohamed Alshami
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Mohamed Alshami: Alqasimia University, Sharjah, UAE.
International Journal of Energy Economics and Policy, 2023, vol. 13, issue 1, 317-321
Abstract:
Economic growth and energy consumption are interrelated for an economy and these variables are expected to indicate a positive correlation. This relationship has been probed in the study in the context of the United Arab Emirates for the time period 1996-2020. The study uses basic regression and Vector Auto Regression techniques for analysis. The study found that energy consumption and non-renewable energy consumption are positively correlated, are dependent on the country s economic growth and this relationship is optimum at a lag of 7 years.
Keywords: Energy; VAR; Economic growth; UAE; Energy economics (search for similar items in EconPapers)
JEL-codes: Q2 Q3 Q4 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2023-01-34
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