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

被引：14
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
收藏
页码：1 / +
页数：3
相关论文
共 27 条
123