nach oben

Erschienen in:

2017 | OriginalPaper | Buchkapitel

Economic Growth and Energy Consumption for OECD Countries

verfasst von : Hasan Huseyin Yildirim

Erschienen in: Regional Studies on Economic Growth, Financial Economics and Management

Verlag: Springer International Publishing

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config

KI-gestützte Suche

Aus

Abstract

Following the nineteenth century, energy became an important and indispensable input to production and consumption activities in all over the world. In the meantime, energy has become a very determinant factor for growth for national economies. In this study, we aim to examine the relationship between energy consumption and economic growth for OECD countries. Panel data method and co-integration tests will be employed to analyze OECD member countries over the period 1960–2014. GDP per capita will be the proxy for the energy consumption and economic growth capita will be taken for energy consumption on an annual basis.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 390 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Maschinenbau + Werkstoffe

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Vorheriges Kapitel Farmer’s Social Responsibility in Post-industrial Rural Development: A Challenge for the Twenty-First Century?

Nächstes Kapitel A Regional Scale Analysis of Economic Convergence in Poland in the Years 2004–2012

Levin et al. (2002), Breitung (2000), Im et al. (2003), Fisher-type tests using ADF and PP tests (Maddala and Wu (1999) and Choi (2001), and Hadri (2000).

Azam, M., Khan, A. Q., Bakhtyar, B., & Emirullah, C. (2015). The causal relationship between energy consumption and economic growth in the ASEAN-5 countries. Renewable and Sustainable Energy Reviews, 47, 732–745.CrossRef

Belke, A., Dobnik, F., & Dreger, C. (2011). Energy consumption and economic growth: New insights into the cointegration relationship. Energy Economics, 33(5), 782–789.CrossRef

BP. (2015). Statistical review of world energy June 2015 [pdf]. Accessed June 7, 2016, from https://www.bp.com/content/dam/bp/pdf/energy-economics/statistical-review-2015/bp-statistical-review-of-world-energy-2015-full-report.pdf

Breitung, J. (2000). The local power of some unit root tests for panel data. In B. H. Baltagi (Ed.), Nonstationary panels, panel cointegration and dynamic panels (pp. 161–177). Amsterdam: Elsevier.CrossRef

Chiou-Wei, S. Z., Chen, C. F., & Zhu, Z. (2008). Economic growth and energy consumption revisited—Evidence from linear and nonlinear Granger causality. Energy Economics, 30(6), 3063–3076.CrossRef

Choi, I. (2001). Unit root tests for panel data. Journal of international money and Finance, 20(2), 249–272.CrossRef

Chontanawat, J., Hunt, L. C., & Pierse, R. (2008). Does energy consumption cause economic growth? Evidence from a systematic study of over 100 countries. Journal of Policy Modeling, 30(2), 209–220.CrossRef

Costantini, V., & Martini, C. (2010). The causality between energy consumption and economic growth: A multi-sectoral analysis using non-stationary cointegrated panel data. Energy Economics, 32(3), 591–603.CrossRef

Fallahi, F. (2011). Causal relationship between energy consumption (EC) and GDP: A Markov-switching (MS) causality. Energy, 36(7), 4165–4170.CrossRef

Hadri, K. (2000). Testing for stationarity in heterogeneous panel data. The Econometrics Journal, 3(2), 148–161.CrossRef

Huang, B. N., Hwang, M. J., & Yang, C. W. (2008). Does more energy consumption bolster economic growth? An application of the nonlinear threshold regression model. Energy Policy, 36(2), 755–767.CrossRef

Im, K. S., Pesaran, M. H., & Shin, Y. (2003). Testing for unit roots in heterogeneous panels. Journal of econometrics, 115(1), 53–74.CrossRef

Joyeux, R., & Ripple, R. D. (2011). Energy consumption and real income: A panel cointegration multi-country study. Energy Journal, 32(2), 107–141.CrossRef

Kao, C. (1999). Spurious regression and residual-based tests for cointegration in panel data. Journal of Econometrics, 90(1), 1–44.CrossRef

Kraft, J., & Kraft, A. (1978). On the relationship between energy and GNP. Journal of Energy and Development, 3, 401–403.

Lee, C. C., & Chang, C. P. (2008). Energy consumption and economic growth in Asian economies: A more comprehensive analysis using panel data. Resource and energy Economics, 30(1), 50–65.CrossRef

Levin, A., Lin, C. F., & Chu, C. S. J. (2002). Unit root tests in panel data: Asymptotic and finite-sample properties. Journal of Econometrics, 108(1), 1–24.CrossRef

Maddala, G. S., & Wu, S. (1999). A comparative study of unit root tests with panel data and a new simple test. Oxford Bulletin of Economics and Statistics, 61(S1), 631–652.CrossRef

Mehrara, M. (2007). Energy consumption and economic growth: The case of oil exporting countries. Energy Policy, 35(5), 2939–2945.CrossRef

Menegaki, A. N. (2014). On energy consumption and GDP studies; A meta-analysis of the last two decades. Renewable and Sustainable Energy Reviews, 29, 31–36.CrossRef

Pablo-Romero, M. D. P., & De Jesús, J. (2016). Economic growth and energy consumption: The Energy-Environmental Kuznets Curve for Latin America and the Caribbean. Renewable and Sustainable Energy Reviews, 60, 1343–1350.CrossRef

Pedroni, P. (1999). Critical values for cointegration tests in heterogeneous panels with multiple regressors. Oxford Bulletin of Economics and Statistics, 61(s 1), 653–670.CrossRef

Pedroni, P. (2004). Panel cointegration: Asymptotic and finite sample properties of pooled time series tests with an application to the PPP hypothesis. Econometric Theory, 20(03), 597–625.CrossRef

Reddy, M. (1998). Energy consumption and economic activity in Fiji. Journal of Pacific Studies, 22(1), 81–96.

Tatoğlu, F. Y. (2012). Panel data econometrics: Uses Stata. Istanbul: Beta Basım Yayın.

Toman, M. A., & Jemelkova, B. (2003). Energy and economie development: An assessment of the state of knowledge. The Energy Journal, 24(4), 93–112.CrossRef

Titel: Economic Growth and Energy Consumption for OECD Countries
verfasst von: Hasan Huseyin Yildirim
Verlag: Springer International Publishing
Buch: Regional Studies on Economic Growth, Financial Economics and Management
Print ISBN: 978-3-319-54111-2

Electronic ISBN: 978-3-319-54112-9

Copyright-Jahr: 2017
DOI: https://doi.org/10.1007/978-3-319-54112-9_15

Springer Professional

Abstract

Bitte loggen Sie sich ein, um Zugang zu Ihrer Lizenz zu erhalten.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Springer Professional "Technik"

Springer Professional "Wirtschaft"

Premium Partner