Economic growth and electricity consumption in former Soviet Republics

Melike Bildirici and Fazıl Kayıkçı

Energy Economics, 2012, vol. 34, issue 3, 747-753

Abstract: This study estimates the causal relationship between electricity consumption and economic growth with annual data for the Commonwealth Independent States countries in three groups of income levels. Empirical results reveal that electricity consumption and GDP are cointegrated for all these countries. Furthermore, there is a unidirectional causality from electricity consumption to GDP for all groups in the long run. Effect of electricity consumption on the GDP is negative for the second group of countries which supports the energy conservation policies, whereas it is positive for the first and third group of countries which supports the growth hypothesis.

Keywords: Growth; Development; Electricity consumption; Panel ARDL; Pedroni cointegration; Granger causality (search for similar items in EconPapers)
JEL-codes: C13 C22 O40 Q41 Q43 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (52)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:34:y:2012:i:3:p:747-753

DOI: 10.1016/j.eneco.2012.02.010

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