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Erschienen in:
2007 | OriginalPaper | Buchkapitel
Causality and Cointegration between Energy Consumption and Economic Growth in Developing Countries
verfasst von : Jan Horst Keppler
Erschienen in: The Econometrics of Energy Systems
Verlag: Palgrave Macmillan UK
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Estimating the relation between energy demand (or of any of its components such as electricity) and economic growth (GDP) is one of the classic applications of econometrics in the energy sector (see Bohi and Zimmerman, 1984; Dahl, 1994; or Table 4.2 for surveys). It is also an issue of high relevance for development and energy policies. Consider, for instance, that a government would like to introduce measures to control energy demand (say, an energy tax) to improve its environmental performance and to reduce its dependence on foreign imports. If energy consumption precedes or causes economic growth, such policies would hamper further economic development.