Economics at your fingertips  

Natural gas consumption and economic growth: Evidence from selected natural gas vehicle markets in Europe

Gideon Fadiran, Adebisi T. Adebusuyi and David Fadiran

Energy, 2019, vol. 169, issue C, 467-477

Abstract: In this study, the relationship between natural gas consumption (NGC) and economic growth is examined. Twelve (12) countries in Europe are considered, 10 of which make up the top natural gas vehicle (NGV) markets in Europe. The study considers four main variables in this exercise, namely; gross fixed capital formation, labour force, trade openness, and real GDP. It makes use of panel cointegration analysis and long-run vector error correction model analysis in assessing both the short-run and the long-run relationship dynamics between NGC and economic growth. The results show that a long-run impact of NGC on economic growth does indeed exist. In the short run, however, this does not seem to be the case. The results also suggest the existence of the growth hypothesis in Austria, Bulgaria and Switzerland, while the United Kingdom (UK) and Italy support the conservation hypothesis.

Keywords: Natural gas consumption; Economic growth; Panel data analysis; Natural gas vehicle markets (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10) Track citations by RSS feed

Downloads: (external link)
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:

DOI: 10.1016/

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 Haili He ().

Page updated 2021-01-06
Handle: RePEc:eee:energy:v:169:y:2019:i:c:p:467-477