Impact of energy consumption on economic growth in major organization for economic cooperation and development economies (1977-2014): A panel data approach

Alí Aali-Bujari, Francisco Venegas-Martínez, Alfredo Omar Palafox-Roca

Research output: Contribution to journalArticlepeer-review

10 Scopus citations

Abstract

© 2017, Econjournals. All rights reserved. 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.
Original languageAmerican English
Pages (from-to)18-25
Number of pages15
JournalInternational Journal of Energy Economics and Policy
StatePublished - 1 Jan 2017

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