Though there is a very large literature examining whether energy use Granger causes economic output or vice versa, it … to test whether increases in energy use and energy quality have driven economic growth or vice versa. We show that these … the introduction of structural breaks. The relationship between energy and growth may also have changed over time – energy …

Time series of electricity, petroleum products, and renewables are found to be highly correlated with total energy … consumption. Applying this insight to the huge literature on energy-GDP causality explains that the results of total energy …-GDP causality tests frequently coincide with the results of energy type-GDP tests. Using the test by Toda–Yamamoto in combination …

The point of departure for the study of the impact of energy and environmental policies is the neoclassical theory of … independent of energy and environmental policies. However, these policies affect capital accumulation and rates of productivity … growth that determine the intermediate-run trends that are important for policy evaluation. Heterogeneity of different energy …

This paper studies the macroeconomic effects of energy price shocks in energy-importing economies using a heterogeneous …-agent New Keynesian model. When MPCs are realistically large and the elasticity of substitution between energy and domestic … goods is realistically low, increases in energy prices depress real incomes and cause a recession, even if the central bank …

growth-led demand for oil, particularly that emanating from fast-growing, energy-intensive developing countries, and the …

This paper analyzes the relationship between the spot and futures prices of energy commodities from a new perspective …

This paper re-examines the causal nexus of energy utilization and GDP per capita in the US. The novelty of the paper is … strongly that a negative energy consumption shock will cause a negative shock in the output per capita. That is, if the energy … shocks is not found. These empirical results might indicate that there is an optimal quantity of energy in the US that needs …

This paper reassesses the causal relationship between per capita energy use and gross domestic product, while … between income and energy use. In doing so we contribute to an old debate using modern tools that shed a new light. There is … causality running from capital formation and GDP to energy usage. In the long run the reverse causality, found in recent work …

From 2002 to 2009, China's energy use nearly doubled, making it the world's largest emitter of carbon dioxide more than … a decade ahead of forecasts. Why did energy use in China rise so rapidly after 2002? Using index decomposition analysis …, we find that the vast majority of growth in energy consumption in China over the 2000s was due to GDP growth, with a …