Energy Consumption and Economic Growth: The Evidence from India

Zafar Ahmad Sultan and Tarek Tawfik Yousef Alkhateeb
Additional contact information
Zafar Ahmad Sultan: Department of Economics, L.S. College, Muzaffarpur, B.R.A. Bihar University, Muzaffarpur; Bihar, India
Tarek Tawfik Yousef Alkhateeb: Department of Marketing, College of Business Administration, Prince Sattam Bin Abdulaziz University, Alkharj, Saudi Arabia,

International Journal of Energy Economics and Policy, 2019, vol. 9, issue 5, 142-147

Abstract: The oil price shock of the 1970s and its disruptive impact on the economic activities all over the world dragged the attention of researchers to study the interaction between energy and real output. However, no conclusive evidence could be submitted about the direction of causality between the two. The present study has been an attempt to understand such relationship in the case of India. The paper has used the data from 1971 to 2014 and has found long run stable relationship between energy use and real output. The study also reveals that in the short run, there is unidirectional relationship between the two and energy Granger causes economic activities in India. In the long run, we find bidirectional relationship between energy and economic prosperity of India.

Keywords: Oil Consumption; Economic Growth; India. (search for similar items in EconPapers)
JEL-codes: E20 E22 E31 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/8030/4506 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/8030/4506 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2019-05-17

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().