Does energy consumption cause economic growth?: Evidence from a systematic study of over 100 countries

被引:297
作者
Chontanawat, Jaruwan [1 ]
Hunt, Lester C. [2 ]
Pierse, Richard [2 ]
机构
[1] King Mongkuts Univ Technol Thonburi, Dept Social Sci & Humanities, Bangkok, Thailand
[2] Univ Surrey, Dept Econ, SEEC, Guildford GU2 7XH, Surrey, England
基金
英国经济与社会研究理事会;
关键词
energy; GDP; development; causality; modeling;
D O I
10.1016/j.jpolmod.2006.10.003
中图分类号
F [经济];
学科分类号
02 ;
摘要
Energy arguably plays a vital role in economic development. Hence many studies have attempted to test for causality between energy and economic growth; however, no consensus has emerged. This paper, therefore, tests for causality between energy and GDP using a consistent data set and methodology for over 100 countries. Causality from energy to GDP is found to be more prevalent in the developed OECD countries compared to the developing non-OECD countries; implying that a policy to reduce energy consumption aimed at reducing emissions is likely to have greater impact on the GDP of the developed rather than the developing world. (C) 2008 Published by Elsevier Inc. on behalf of Society for Policy Modeling.
引用
收藏
页码:209 / 220
页数:12
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