Oil usage, gas consumption and economic growth: Evidence from Poland

Łukasz Lach

MPRA Paper from University Library of Munich, Germany

Abstract: This paper investigates causal links between economic growth, oil consumption and natural gas usage in Poland on the basis of quarterly data for the period Q1 2000 – Q4 2009. The application of the Toda–Yamamoto procedure, a nonlinear Granger causality test, bootstrap techniques and an analysis of VECM led to the conclusion that both oil and natural gas usage caused GDP growth in the short–term. However, in the long–term causality ran in the opposite direction. Both these findings are believed to be the consequence of the recent transformation of the Polish economy from energy intensive activities towards services, which in general are not energy–consuming.

Keywords: cointegration; economic growth; Granger causality; natural gas consumption; nonlinear causality test; oil consumption; residual–based bootstrap; Toda–Yamamoto method (search for similar items in EconPapers)
JEL-codes: C32 Q40 Q43 Q48 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:52253

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