The causality between energy consumption and economic growth: A multi-sectoral analysis using non-stationary cointegrated panel data

Valeria Costantini and Chiara Martini

No 102, Departmental Working Papers of Economics - University 'Roma Tre' from Department of Economics - University Roma Tre

Abstract: The increasing attention given to global energy issues and the international policies needed to reduce greenhouse gas emissions have given a renewed stimulus to research interest in the linkages between the energy sector and economic performance at country level. In this paper, we analyse the causal relationship between economy and energy by adopting a Vector Error Correction Model for non-stationary and cointegrated panel data with a large sample of developed and developing countries and four distinct energy sectors. The results show that alternative country samples hardly affect the causality relations, particularly in a multivariate multi-sector framework

Keywords: Energy Sector; Panel Unit Roots; Panel Cointegration; Vector Error Correction Models; Granger Causality (search for similar items in EconPapers)
JEL-codes: C01 C32 C33 O13 Q43 (search for similar items in EconPapers)
Pages: 40
Date: 2009
New Economics Papers: this item is included in nep-ene and nep-fdg
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Citations: View citations in EconPapers (6)

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Journal Article: The causality between energy consumption and economic growth: A multi-sectoral analysis using non-stationary cointegrated panel data (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:rtr:wpaper:0102

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