Does energy consumption cause economic growth?: Evidence from a systematic study of over 100 countries

Jaruwan Chontanawat, Lester Hunt and Richard Pierse

Journal of Policy Modeling, 2008, vol. 30, issue 2, 209-220

Abstract: Energy arguably plays a vital role in economic development. Hence many studies have attempted to test for causality between energy and economic growth; however, no consensus has emerged. This paper, therefore, tests for causality between energy and GDP using a consistent data set and methodology for over 100 countries. Causality from energy to GDP is found to be more prevalent in the developed OECD countries compared to the developing non-OECD countries; implying that a policy to reduce energy consumption aimed at reducing emissions is likely to have greater impact on the GDP of the developed rather than the developing world.

Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:30:y:2008:i:2:p:209-220

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