Natural gas consumption and economic growth: A panel investigation of 67 countries
Nicholas Apergis () and
James Payne ()
Applied Energy, 2010, vol. 87, issue 8, 2759-2763
This study examines the relationship between natural gas consumption and economic growth for a panel of 67 countries within a multivariate framework over the period 1992-2005. Pedroni's  and  heterogeneous panel cointegration test reveals there is a long-run equilibrium relationship between real GDP, natural gas consumption, real gross fixed capital formation, and the labor force. The results of the panel vector error correction model reveal bidirectional causality between natural gas consumption and economic growth in both the short- and long-run.
Keywords: Natural; gas; consumption; Growth; 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:8:p:2759-2763
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