Economic Growth and Electricity Consumption in 12 European Countries: A Causality Analysis Using Panel Data

被引：15

作者：

Ciarreta, A. ^{[1
]}

Zarraga, A. ^{[2
]}

机构：

[1] Univ Basque Country, UPV EHU, Dept Econ Anal 2, Avda Lehendakari Aguirre 83, Bilbao 48015, Spain

[2] Univ Basque Country, UPV EHU, Dept Appl Econ 3, Avda Lehendakari Aguirre 83, Bilbao 48015, Spain

来源：

2009 6TH INTERNATIONAL CONFERENCE ON THE EUROPEAN ENERGY MARKET | 2009年

关键词：

Electricity consumption; economic growth; panel cointegration; panel causality; UNIT-ROOT TESTS; ENERGY-CONSUMPTION; TIME-SERIES; GDP; STATIONARITY;

D O I：

10.1109/EEM.2009.5207221

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：

We apply recent panel methodology to investigate the relationship between electricity consumption and real GDP for a set of 12 European Union countries using annual data for the period 1970-2004. Tests for panel unit roots, cointegration in heterogeneous panels and panel causality are employed. The results show a long-run relationship between the series. We estimate this relationship and test for causality. We find no short-run causality in any direction. These results might help to design appropriate electricity consumption policies in the sample countries, as well as investment policies in interconnections to build a single European market for electricity.

引用

页码：1 / +

页数：3

共 27 条

[1] Energy-GDP relationship revisited: An example from GCC countries using panel causality [J].