This paper investigates the causal relationship between electricity consumption and real GDP by applying the bounds … suggest that there is long-run unidirectional causality between electricity consumption and real GDP. The source of causation …, bidirectional causal relationship between electricity consumption and economic growth is observed. The findings give implications …

Understanding the income/GDP and price elasticities of energy/electricity demand is important for forecasting demand … and evaluation of the potential impact of policies. Recent work on the GDP elasticity of economy-wide electricity demand … panel to date to analyze the GDP and price elasticities of economy-wide electricity demand. We use an approach that …