Energy consumption-GDP nexus: Heterogeneous panel causality analysis

被引:62
作者
Akkemik, K. Ali [1 ]
Goksal, Koray [2 ]
机构
[1] Kadir Has Univ, Dept Econ, TR-34083 Istanbul, Turkey
[2] Yildirim Beyazit Univ, Dept Econ, Ankara, Turkey
关键词
Energy; Granger causality; Heterogenous panel; ECONOMIC-GROWTH; ELECTRICITY CONSUMPTION; DEVELOPING-COUNTRIES; TEMPORAL CAUSALITY; REAL INCOME; UNIT-ROOT; COINTEGRATION; TESTS; DEMAND; PRICES;
D O I
10.1016/j.eneco.2012.04.002
中图分类号
F [经济];
学科分类号
020101 [政治经济学];
摘要
Existing studies examining the Granger causality relationship between energy consumption and GDP use a panel of countries but implicitly assume that the panels are homogeneous. This paper extends the Granger causality relationship between energy consumption and GDP by taking into account panel heterogeneity. For this purpose, we use a large panel of 79 countries for the period 1980-2007. Specifically, we examine four different causal relationships: homogeneous non-causality, homogeneous causality, heterogeneous non-causality, and heterogeneous causality. The results show that roughly seven-tenths of the countries exhibit bi-directional Granger causality, two-tenths exhibit no Granger causality, and one-tenths exhibit unidirectional Granger causality. (C) 2012 Elsevier B.V. All rights reserved.
引用
收藏
页码:865 / 873
页数:9
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