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Energy consumption, CO2 emissions and economic growth nexus: Evidence from panel Granger causality test

Mohamed Essaied Hamrita and Mejdi Mekdam

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the empirical causal relationship between energy consumption, CO2 emissions and economic growth for six oil-exporting countries from the Golf Cooperation Council (GCC) region over the period 2000:2011. Bootstrap panel Granger causality test approach is used which take account the cross-sectional dependency and the heterogeneity across countries. The empirical results support a bi-directional causality between economic growth and energy consumption for Bahrin and one-way Granger causality running from economic growth to energy consumption for United Emirate Arab and Qatar. Regarding to GDP-CO2 emissions nexus, a reverse relationship from CO2 to GDP for Bahrin and Kuwait is found. However, a two-way Granger causality between CO2 emissions and energy consumption for United Arab Emirate is found.

Keywords: Energy consumption; CO2 emissions; economic growth; bootstrap panel causality test; Cross-sectional dependence; Heterogeneity; GCC. (search for similar items in EconPapers)
JEL-codes: C1 C3 Q2 Q4 Q5 (search for similar items in EconPapers)
Date: 2016-07-20
New Economics Papers: this item is included in nep-ara, nep-ene, nep-env and nep-fdg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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