Sectoral Analysis of the Causal Relationship Between Renewable and Non-Renewable Energy Consumption and Real Output in the US

被引:192
作者
Bowden, N. [1 ]
Payne, J. E. [1 ]
机构
[1] Illinois State Univ, Dept Econ, Normal, IL 61790 USA
关键词
Granger-causality; non-renewable energy; real output; renewable energy; Toda-Yamamoto; ECONOMIC-GROWTH; TIME-SERIES; ELECTRICITY CONSUMPTION; CARBON EMISSIONS; UNITED-STATES; GDP; INCOME; COINTEGRATION; COUNTRIES; EMPLOYMENT;
D O I
10.1080/15567240802534250
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
This study examines the causal relationship between renewable and non-renewable energy consumption by sector and real Gross Domestic Product (GDP) in the US using annual data from 1949 to 2006. The Toda-Yamamoto long-run causality tests reveal the absence of Granger-causality between commercial and industrial renewable energy consumption and real GDP, respectively. Bidirectional Granger-causality exists between commercial and residential non-renewable energy consumption and real GDP, respectively. Finally, the results indicate unidirectional causality from residential renewable energy consumption and industrial non-renewable energy consumption, respectively to and real GDP.
引用
收藏
页码:400 / 408
页数:9
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