Disaggregated energy consumption and economic growth in G-7 countries

被引:21
|
作者
Destek, Mehmet Akif [1 ]
Okumus, Ilyas [1 ]
机构
[1] Gaziantep Univ, Fac Econ & Adm Sci, Dept Econ, TR-27310 Gaziantep, Turkey
关键词
Bootstrap causality; coal; energy consumption; G-7; countries; oil; natural gas; GRANGER CAUSALITY ANALYSIS; OECD COUNTRIES; MODEL; GDP;
D O I
10.1080/15567249.2017.1286527
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 aims to examine the relationship between energy consumption (i.e., oil, natural gas, and coal) and economic growth in G-7 countries. For this purpose, the annual data from 1970 to 2013 is investigated using with panel bootstrap causality approach that allows cross-sectional dependency and heterogeneity among countries. The results reveal that the oil consumption causes economic growth in Germany, Italy, Japan, and the United States; economic growth causes oil consumption in Germany and the United Kingdom; natural gas consumption causes economic growth in Italy, Japan, the United States, and the United Kingdom; economic growth causes natural gas consumption in Germany; coal consumption causes economic growth in Canada; and economic growth causes coal consumption in the United States.
引用
收藏
页码:808 / 814
页数:7
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