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
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
收藏
页码:3294 / 3298
页数:5
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