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affecting economic growth. Further policy implications are that for the panel as a whole promoting exports, particularly non …-oil exports, is a means to promote economic growth and that expansion of exports can be realized without having adverse effects on … energy conservation policies …
Persistent link: https://www.econbiz.de/10013105326
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The goal of this paper is to examine any causal effects between electricity consumption and real GDP for 30 OECD countries. We use a bootstrapped causality testing approach and unravel evidence in favour of electricity consumption causing real GDP in Australia, Iceland, Italy, the Slovak...
Persistent link: https://www.econbiz.de/10013105853
The goal of this paper is to undertake a panel data investigation of long-run Granger causality between electricity consumption and real GDP for seven panels, which together consist of 93 countries. We use a new panel causality test and find that in the long-run both electricity consumption and...
Persistent link: https://www.econbiz.de/10013105383
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Fiji is a small open island economy dependent on energy for its growth and development; hence, the relationship between … energy consumption and economic growth is crucial for Fiji's development. In this paper, we investigate the nexus between … electricity consumption and economic growth for Fiji within a multivariate framework through including the labour force variable …
Persistent link: https://www.econbiz.de/10013105756
In this paper, we depart from the literature on electricity consumption-real GDP in that for the first time we examine the reaction of real GDP to shocks in electricity consumption. To achieve this goal, we use the structural vector autoregressive (SVAR) model and examine the impact of...
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