A structural VAR analysis of electricity consumption and real GDP: Evidence from the G7 countries

被引：78
|
作者：
Narayan, Paresh Kumar [1 ]
Narayan, Seema [2 ]
Prasad, Arti [3 ]
机构：
[1] Deakin Univ, Sch Accounting Econ & Finance, Fac Business & Law, Burwood, Vic 3125, Australia
[2] Royal Melbourne Inst Technol, Sch Econ Finance & Mkt, Melbourne, Vic 3001, Australia
[3] Monash Univ, Fac Business & Econ, Dept Econ, Melbourne, Vic 3004, Australia
来源：
ENERGY POLICY | 2008年 / 36卷 / 07期
关键词：
electricity consumption; real GDP; SVAR model;
D O I：
10.1016/j.enpol.2008.02.027
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper, we depart from the literature on electricity consumption-real GDP in that for the first time we examine the reaction of real GDP to shocks in electricity consumption. To achieve this goal, we use the structural vector autoregressive (SVAR) model and examine the impact of electricity consumption shocks on real GDP for the G7 countries. We find that except for the USA, electricity consumption has a statistically significant positive impact on real GDP over short horizons. This finding implies that except for the USA, electricity conservation policies will hurt real GDP in the G7 countries. (C) 2008 Published by Elsevier Ltd.
引用
收藏
页码：2765 / 2769
页数：5
相关论文
共 50 条
12345