On the Dynamics of Energy Consumption and Employment in Illinois

James Payne

Journal of Regional Analysis and Policy, 2009, vol. 39, issue 2, 5

Abstract: This short empirical study utilizes U.S. annual data from 1976 to 2006 to examine the causal relationship between energy consumption and employment in Illinois within a multi-variate framework. The Toda-Yamamoto long-run causality tests reveal unidirectional causal-ity from energy consumption to employment supportive of the growth hypothesis. However, the importance of energy consumption in economic activity should not overshadow the envi-ronmental consequences of heavy reliance on fossil fuel consumption as well as the relevance of alternative renewable energy sources and improved energy efficiency for future economic growth.

Keywords: Labor and Human Capital; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:jrapmc:132432

DOI: 10.22004/ag.econ.132432

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