A re-examination of causal relation between economic growth and energy consumption: Evidence from 91 countries

Baris Kablamaci

Economics Bulletin, 2017, vol. 37, issue 2, 790-805

Abstract: This paper empirically examines the causal relationship between energy consumption and economic growth, by controlling with CO2 emission and economic globalization in multivariate models, in a sample of the 91 less developed, developing and developed countries individually, in the period of 1970-2013. I apply the Toda-Yamamoto augmented Granger non-causality testing procedure. I observe a significant unidirectional causality running from energy consumption to economic growth in twenty-one countries. In thirty-one countries, conservation hypothesis is valid. Empirical evidence also shows that there is a feedback hypothesis in sixteen countries and no causal relation in only twenty-three countries.

Keywords: Energy consumption; economic growth; causality analysis (search for similar items in EconPapers)
JEL-codes: O1 Q4 (search for similar items in EconPapers)
Date: 2017-04-22
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Citations: View citations in EconPapers (4)

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