Predictability within the energy consumption–economic growth nexus: Some evidence from income and regional groups

Seema Narayan ()

Economic Modelling, 2016, vol. 54, issue C, 515-521

Abstract: In re-examining the nexus between energy consumption and economic growth through the predictability framework, we adopt a panel data predictive regression model to examine the possibility of growth, conservative, feedback, or neutrality hypotheses for 135 countries. A predictive regression model is fitted to panels of countries on the basis of location and level of economic development. Findings suggest strong support for the neutrality hypothesis. A developing economy panel (90 countries) favours the conservative hypothesis, although a panel of 32 lower middle-income countries suggests that energy consumption per capita predicts real GDP per capita. These forecasts could provide future policy directions.

Keywords: Predictability; Panel data; Economic growth; Energy consumption (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (42)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:54:y:2016:i:c:p:515-521

DOI: 10.1016/j.econmod.2015.12.037

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