Energy and economic growth. An empirical analysis

Antonios Adamopoulos
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Antonios Adamopoulos: University of Western Macedonia, Greece

Theoretical and Applied Economics, 2021, vol. XXVIII, issue 1(626), Spring, 151-166

Abstract: This study investigates the interrelation between energy and economic growth for USA covering the time period from 1975 to 2017. Ordinary least squares method and the essential diagnostic tests are applied in order to examine the possible existence of autocorrelation, specification, heteroscedasticity and normality tests for residuals of estimated equation model. The empirical results of this study indicated that there is a linear and positive relationship between energy and economic growth for USA.

Keywords: energy; economic growth; Ordinary least squares method; unit roots theory. (search for similar items in EconPapers)
Date: 2021
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