On the Relationship between Disaggregated Energy Production and GDP in Italy

Cosimo Magazzino ()

Energy & Environment, 2012, vol. 23, issue 8, 1191-1207

Abstract: This paper tries to assess the relationship between disaggregate energy production and real aggregate income in Italy by undertaking cointegration analyses using annual data from 1883 to 2009. After a brief introduction, a survey of the economic literature on this issue is shown, before discussing the data and introducing some econometric techniques. Stationarity tests reveal that the series are non-stationary, or I(1) . Cointegration analyses reveal that there is a long-run relationship between GDP and geothermoelectric production in the 1919–1939 period. Whilst, for the post-war years, we find a cointegration relationship for all sources of energy. Causality tests roughly confirm a bi-directional flow in the long-run, so that energy production and economic growth complement each other, since economic growth may demand more energy, whereas more energy consumption may also induce economic growth.

Keywords: Energy policies; energy sources; GDP; stationarity; cointegration; causality; Italy (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1260/0958-305X.23.8.1191 (text/html)

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:sae:engenv:v:23:y:2012:i:8:p:1191-1207

DOI: 10.1260/0958-305X.23.8.1191

Access Statistics for this article

More articles in Energy & Environment
Bibliographic data for series maintained by SAGE Publications ().