How Linked are Energy and GDP: Reconsidering Energy-GDP Cointegration and Causality for Disaggregated OECD Country Data
Brantley Liddle
MPRA Paper from University Library of Munich, Germany
Abstract:
This study is different from previous energy-GDP cointegration/causality ones by examining whether total energy consumption by industry causes total industry GDP (or vice versa), and whether per capita GDP causes per capita road and residential sector energy use (or vice versa) for a number of OECD countries. The primary findings are that nearly all of the data series analyzed are not cointegrated, and that by far the most robust result is that of Granger-noncausality; thus, developed economies may be far more flexible in their relation with energy than is often understood, and the price mechanism may be a none-too-costly policy instrument to lower energy consumption.
Keywords: Energy consumption disaggregated; Economic growth; Granger-causality; Cointegration; OECD countries (search for similar items in EconPapers)
JEL-codes: Q43 (search for similar items in EconPapers)
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)
Published in International Journal of Energy, Environment and Economics 2.13(2006): pp. 97-113
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/52334/1/MPRA_paper_52334.pdf original version (application/pdf)
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:pra:mprapa:52334
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 ().