Impact of Energy Consumption on Economic Growth in Major Organization for Economic Cooperation and Development Economies (1977-2014): A Panel Data Approach

Al Aali-Bujari, Francisco Venegas-Mart Nez and Alfredo Omar Palafox-Roca
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Al Aali-Bujari: Universidad Aut noma Del Estado De Hidalgo, M xico,
Francisco Venegas-Mart Nez: Instituto Polit cnico Nacional, M xico,
Alfredo Omar Palafox-Roca: Centro de Investigaci n y Estudios Avanzados, M xico.
Authors registered in the RePEc Author Service: Francisco Venegas-Martínez

International Journal of Energy Economics and Policy, 2017, vol. 7, issue 2, 18-25

Abstract: This paper is aimed at assessing the impact of energy use growth on economic growth in the major economies of the Organization for Economic Cooperation and Development during the period 1977-2014. To do this, a Granger causality analysis among relevant variables is carried out and, subsequently, a panel data model is estimated with the generalized method of moments. The main empirical finding is that real gross domestic product per capita growth is positively affected by the growth rate of energy use per capita in the following studied economies: Germany, Australia, Austria, Belgium, Canada, Denmark, Spain, USA, Finland, France, Greece, Holland, Italy, Luxembourg, Norway, Portugal, Sweden, and New Zealand.

Keywords: Energy Consumption; Economic Growth; Panel Data Analysis (search for similar items in EconPapers)
JEL-codes: C23 O41 Q43 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2017-02-03

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