Re-evaluating the energy consumption-economic growth nexus for the United States: An asymmetric threshold cointegration analysis
Stavros Kourtzidis (),
Panayiotis Tzeremes and
Nickolaos Tzeremes ()
Energy, 2018, vol. 148, issue C, 537-545
This paper examines the relationship between energy consumption and economic growth for the United States both at a country and at a sectoral level (Industry, Residential, Electric Power and Transportation) using an asymmetric threshold cointegration approach and monthly data from January 1991 to May 2016. Granger causality tests support a neutrality hypothesis for all sectors, except for the case of total consumption at the country level where a unidirectional causality is running from energy consumption to economic growth.
Keywords: Energy consumption; Economic growth; Threshold cointegration; Asymmetric error correction; United States (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:148:y:2018:i:c:p:537-545
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