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This paper presents an empirical analysis of the interactions among energy consumption, real income and energy price in Saudi Arabia using annual data from 1982 to 2007. We analyzed the dynamic interaction by applying widely used time series analysis techniques such as unit root tests, Vector...
Persistent link: https://www.econbiz.de/10009376715
This paper examines the relationship among real GDP, CO2 emissions, and energy use in the six Gulf Cooperation Council …, Oman, and Qatar) the predominance of the "growth hypothesis" emerges, since energy use drives the real GDP. Moreover, only …
Persistent link: https://www.econbiz.de/10011450576
(GDP) for Pakistan using annual data covering the period 1971–72 to 2007–08. Augmented Dickey-Fuller test reveals that both …
Persistent link: https://www.econbiz.de/10013099372
Despite a bourgeoning literature on the existence of a long-run relationship between energy consumption and economic growth, the findings have failed to establish clearly the direction of causation. A growing economy needs more energy, which is exacerbated by growing population. Evidence...
Persistent link: https://www.econbiz.de/10012959944
This paper tests for the existence and direction of causality between electricity consumption and real gross domestic product for Greece. The study examines a trivariate system with capital formation for the period 1980-2010. Robust empirical results indicate that all variables are integrated of...
Persistent link: https://www.econbiz.de/10012905486
errors in real per capita GDP are mainly due to uncertainty in GDP itself, while the errors in predicting the energy …
Persistent link: https://www.econbiz.de/10012972770
long run relationships going from real GDP towards heating oil and electricity consumption. The relationship between … heating oil and GDP is in fact bi-directional, although weaker from heating oil towards GDP. When investigating the period … 1970-2010 only, the estimate of the long run elasticity of GDP with respect to electricity loses its statistical …
Persistent link: https://www.econbiz.de/10013008604
We study the relationship between energy consumption and real GDP in the United States using a multivariate time … energy and real U.S. GDP is bi-directional through much of the 1990s (the feedback hypothesis) but uni-directional running … from real U.S. GDP to energy consumption in the 2000s (the conservation hypothesis). Similar pattern of changes was …
Persistent link: https://www.econbiz.de/10013023991
results suggest that real gross domestic product (GDP) drives both energy use and CO<sub>2</sub> emissions. Forecast error … variance decompositions (FEVDs) evidence that the errors in real per capita GDP are mainly due to uncertainty in GDP itself … other two equations. The FEVDs show that forecast errors in real per capita GDP are mainly due to uncertainty in GDP itself …
Persistent link: https://www.econbiz.de/10013027580
running from GDP to energy consumption, and a unidirectional Granger causality running from carbon emissions to GDP. The …
Persistent link: https://www.econbiz.de/10012930626