Energy Consumption and Economic Growth Nexus: Evidence from Developed Countries in Europe

Okyay U An, Ebru Ar c o Lu and Fatih Y Cel
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Okyay U An: Nigde University, FEAS, Nigde, Turkey
Ebru Ar c o Lu: Nigde University, FEAS, Nigde, Turkey
Fatih Y Cel: Nigde University, FEAS, Nigde, Turkey
Authors registered in the RePEc Author Service: Okyay UCAN

International Journal of Energy Economics and Policy, 2014, vol. 4, issue 3, 411-419

Abstract: This paper analyzes the relationship between renewable and non-renewable energy consumption and economic growth for a panel of fifteen European Union countries over the period 1990-2011 within a multivariate framework. The heterogeneous panel cointegration tests present a long-run equilibrium relationship between real GDP, renewable and non-renewable energy consumption, greenhouse gas emissions and research and development. The Granger-causality results demonstrate unidirectional causality between non-renewable energy consumption and economic growth

Keywords: renewable energy consumption; non-renewable energy consumption; growth (search for similar items in EconPapers)
JEL-codes: C23 O11 O13 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (45)

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