Link between Economic Growth and Energy Consumption in Over 90 Countries

Sahbi Farhani and Jaleleddine BEN Rejeb

No 2015-614, Working Papers from Department of Research, Ipag Business School

Abstract: This paper studies the relationship between economic growth (GDP) and energy consumption (EC) by using panel data for 95 countries from 1971 to 2008. The World Bank classification helps us to divide our 95 countries into four income groups of countries: low income group, lower-middle income group, upper-middle income group and high income group countries. To specify what matter, we use panel data analysis. The empirical results conclude that panel causality test results reveal that there is a long-run Granger causality running from GDP to EC for low and high income countries and bidirectional Granger causality between GDP and EC for the lower-middle and upper-middle income countries.

Keywords: Economic Growth; Energy Consumption; Panel data analysis (search for similar items in EconPapers)
JEL-codes: C33 O13 Q43 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2015-01-01
New Economics Papers: this item is included in nep-ene and nep-fdg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

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