Does electricity consumption panel Granger cause GDP? A new global evidence

被引：46
|
作者：
Narayan, Paresh Kumar [1 ]
Narayan, Seema [2 ]
Popp, Stephan [3 ]
机构：
[1] Deakin Univ, Sch Accounting Econ & Finance, Fac Business & Econ, Melbourne, Vic, Australia
[2] RMIT Univ, Sch Econ Finance & Mkt, Melbourne, Vic, Australia
[3] Univ Duisburg Essen, Dept Econ, Duisburg, Germany
来源：
APPLIED ENERGY | 2010年 / 87卷 / 10期
关键词：
Real GDP; Electricity consumption; Panel Granger causality; ECONOMIC-GROWTH; TESTS; COINTEGRATION; CAUSALITY;
D O I：
10.1016/j.apenergy.2010.03.021
中图分类号：
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号：
0807 ; 0820 ;
摘要：
The goal of this paper is to undertake a panel data investigation of long-run Granger causality between electricity consumption and real GDP for seven panels, which together consist of 93 countries. We use a new panel causality test and find that in the long-run both electricity consumption and real GDP have a bidirectional Granger causality relationship except for the Middle East where causality runs only from GDP to electricity consumption. Finally, for the G6 panel the estimates reveal a negative sign effect, implying that increasing electricity consumption in the six most industrialised nations will reduce GDP. (C) 2010 Elsevier Ltd. All rights reserved.
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页码：3294 / 3298
页数：5
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