The importance of oil in the economy of any country cannot be overemphasized. The oil shocks in the 1970s sent shockwaves to almost all the countries in the world, oil-importing countries in particular. Substantial literature has been developed basing on the role played by oil consumption in the...

As economic growth and energy consumption are strongly correlated, this research proposes a novel set of energy consumption indices (ECI) that leverages the mixing-frequency method to predict GDP growth rates. The findings demonstrate that the newly developed indices have strong predictive...

This paper disaggregates energy consumption and GDP data according to end-use to analyze a broad number of developed and developing countries grouped in panels by similar characteristics. Panel long-run causality is assessed with a relatively under-utilized approach recommend by Canning and...