The Impact of Natural Gas Consumption on Industry Value Added in the Mediterranean Region

Tahar Harkat

MPRA Paper from University Library of Munich, Germany

Abstract: The current paper assesses the link between natural gas consumption (NGC) and macroeconomic variables for the period between 1980 and 2018 in the Mediterranean region. Analyses accounts for assessing the significance of the natural gas consumption on the industry value added (IVA) using fixed-effects panel data regression. In addition to that, this contribution evaluates the causal link between the variables cited above. Empirical findings indicate that there is a significant relationship between IVA and NGC. Furthermore, these two latter variables showcase a mutual causality in a sense that an increase in each of these variables will lead to the increase of the other one. Results also indicate that GDP causes the increase in natural gas consumption

Keywords: Mediterranean Region; Causality; Panel Data; Fixed-Effect; Granger Causality; Industry Value Added; GDP; Natural Gas Consumption (search for similar items in EconPapers)
JEL-codes: L10 O29 O40 Q30 Q38 Q43 (search for similar items in EconPapers)
Date: 2019-03-01
New Economics Papers: this item is included in nep-ene
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:92492

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