TY - JOUR
T1 - Impact of energy consumption on economic growth in major organization for economic cooperation and development economies (1977-2014)
T2 - A panel data approach
AU - Aali-Bujari, Alí
AU - Venegas-Martínez, Francisco
AU - Palafox-Roca, Alfredo Omar
N1 - Publisher Copyright:
© 2017, Econjournals. All rights reserved.
PY - 2017
Y1 - 2017
N2 - This paper is aimed at assessing the impact of energy use growth on economic growth in the major economies of the Organization for Economic Cooperation and Development during the period 1977-2014. To do this, a Granger causality analysis among relevant variables is carried out and, subsequently, a panel data model is estimated with the generalized method of moments. The main empirical finding is that real gross domestic product per capita growth is positively affected by the growth rate of energy use per capita in the following studied economies: Germany, Australia, Austria, Belgium, Canada, Denmark, Spain, USA, Finland, France, Greece, Holland, Italy, Luxembourg, Norway, Portugal, Sweden, and New Zealand.
AB - This paper is aimed at assessing the impact of energy use growth on economic growth in the major economies of the Organization for Economic Cooperation and Development during the period 1977-2014. To do this, a Granger causality analysis among relevant variables is carried out and, subsequently, a panel data model is estimated with the generalized method of moments. The main empirical finding is that real gross domestic product per capita growth is positively affected by the growth rate of energy use per capita in the following studied economies: Germany, Australia, Austria, Belgium, Canada, Denmark, Spain, USA, Finland, France, Greece, Holland, Italy, Luxembourg, Norway, Portugal, Sweden, and New Zealand.
KW - Economic growth
KW - Energy consumption
KW - Panel data analysis
UR - http://www.scopus.com/inward/record.url?scp=85017641726&partnerID=8YFLogxK
M3 - Artículo
SN - 2146-4553
VL - 7
SP - 18
EP - 25
JO - International Journal of Energy Economics and Policy
JF - International Journal of Energy Economics and Policy
IS - 2
ER -