Energy consumption and economic growth: New evidence from the OECD countries

被引：304

作者：

Gozgor, Giray ^{[1
]}

Lau, Chi Keung Marco ^{[2
]}

Lu, Zhou ^{[3
]}

机构：

[1] Istanbul Medeniyet Univ, Istanbul, Turkey

[2] Univ Huddersfield, Dept Accountancy Finance & Econ, Huddersfield, W Yorkshire, England

[3] Tianjin Univ Commerce, Sch Econ, Tianjin, Peoples R China

来源：

ENERGY | 2018年 / 153卷

关键词：

Energy consumption; Economic growth; Energy-growth nexus; Economic complexity; Panel ARDL model; Panel quantile regression; UNIT-ROOT TESTS; RENEWABLE ENERGY; CO2; EMISSIONS; PANEL-DATA; QUANTILE REGRESSION; CAUSAL DYNAMICS; NEXUS; PRODUCT; PRICES; OUTPUT;

D O I：

10.1016/j.energy.2018.03.158

中图分类号：

O414.1 [热力学];

学科分类号：

摘要：

This paper introduces a growth model that considers the indicator of economic complexity as a measure of capabilities for exporting the high value-added (sophisticated) products. Empirically, the paper analyzes the effects of the renewable and the non-renewable energy consumption on the economic growth in the panel data of 29 Organization for Economic Co-operation and Development (OECD) countries for the period from 1990 to 2013. For this purpose, the paper considers the panel autoregressive distributed lag (ARDL) and the panel quantile regression (PQR) estimations. The paper finds that not only the economic complexity, but also both the non-renewable and the renewable energy consumption are positively associated with a higher rate of economic growth. (C) 2018 Elsevier Ltd. All rights reserved.

引用

页码：27 / 34

页数：8

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