Energy consumption and economic growth: New evidence from the OECD countries

Giray Gözgör, Chi Keung Lau and Zhou Lu

Energy, 2018, vol. 153, issue C, 27-34

Abstract: This paper introduces a growth model that considers the indicator of economic complexity as a measure of capabilities for exporting the high value-added (sophisticated) products. Empirically, the paper analyzes the effects of the renewable and the non-renewable energy consumption on the economic growth in the panel data of 29 Organization for Economic Co-operation and Development (OECD) countries for the period from 1990 to 2013. For this purpose, the paper considers the panel autoregressive distributed lag (ARDL) and the panel quantile regression (PQR) estimations. The paper finds that not only the economic complexity, but also both the non-renewable and the renewable energy consumption are positively associated with a higher rate of economic growth.

Keywords: Energy consumption; Economic growth; Energy-growth nexus; Economic complexity; Panel ARDL model; Panel quantile regression (search for similar items in EconPapers)
JEL-codes: C23 C33 O13 Q43 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (147)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S036054421830567X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:153:y:2018:i:c:p:27-34

DOI: 10.1016/j.energy.2018.03.158

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().