Does electricity consumption panel Granger cause GDP? A new global evidence
Paresh Narayan (),
Seema Narayan () and
Applied Energy, 2010, vol. 87, issue 10, 3294-3298
The goal of this paper is to undertake a panel data investigation of long-run Granger causality between electricity consumption and real GDP for seven panels, which together consist of 93 countries. We use a new panel causality test and find that in the long-run both electricity consumption and real GDP have a bidirectional Granger causality relationship except for the Middle East where causality runs only from GDP to electricity consumption. Finally, for the G6 panel the estimates reveal a negative sign effect, implying that increasing electricity consumption in the six most industrialised nations will reduce GDP.
Keywords: C22; Real; GDP; Electricity; consumption; Panel; Granger; causality (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:appene:v:87:y:2010:i:10:p:3294-3298
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