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.

引用

页码：3294 / 3298

页数：5

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