Energy Consumption and Economic Growth: Parametric and Non-Parametric Causality Testing for the Case of Greece

Theologos Dergiades, Georgios Martinopoulos and Lefteris Tsoulfidis ()

MPRA Paper from University Library of Munich, Germany

Abstract: The objective of this paper is to contribute to the understanding of the linear and non-linear causal linkages between total energy consumption and economic activity, making use of annual time series of Greece for the period 1960-2008. Two are the salient features of our study: first, the total energy consumption has been adjusted for qualitative differences among its constituent components through the thermodynamics of energy conversion. In doing so, we rule out the possibility of a misleading inference due to aggregation bias. Second, the investigation of the causal linkage between economic growth and the adjusted for quality total energy consumption is conducted within a non-linear context. Our empirical results reveal significant unidirectional both linear and non-linear causal linkages running from total useful energy to economic growth. These findings may provide valuable information for the contemplation of more effective energy policies with respect to both the consumption of energy and environmental protection.

Keywords: Energy consumption; Economic growth; Non-linear causality. (search for similar items in EconPapers)
JEL-codes: C14 C2 C22 Q4 Q43 Q48 (search for similar items in EconPapers)
Date: 2011-11-12, Revised 2011-11-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published in Energy Economics c.36(2013): pp. 686-697

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/51120/1/MPRA_paper_51120.pdf original version (application/pdf)

Related works:
Journal Article: Energy consumption and economic growth: Parametric and non-parametric causality testing for the case of Greece (2013)
Working Paper: Energy Consumption and Economic Growth:Parametric and Non-Parametric Causality Testing for the Case of Greece (2011)
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:pra:mprapa:51120

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().