Does energy consumption cause economic growth?: Evidence from a systematic study of over 100 countries

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Publication Details

Author list: Chontanawat J., Hunt L.C., Pierse R.

Publisher: Elsevier

Publication year: 2008

Journal: Journal of Policy Modeling: A Social Science Forum of World Issues (0161-8938)

Volume number: 30

Issue number: 2

Start page: 209

End page: 220

Number of pages: 12

ISSN: 0161-8938

URL: https://www.scopus.com/inward/record.uri?eid=2-s2.0-39149107077&doi=10.1016%2fj.jpolmod.2006.10.003&partnerID=40&md5=29a72dbfc38da90b7a572ca781e78c0e

Languages: English-Great Britain (EN-GB)

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Abstract

Energy arguably plays a vital role in economic development. Hence many studies have attempted to test for causality between energy and economic growth; however, no consensus has emerged. This paper, therefore, tests for causality between energy and GDP using a consistent data set and methodology for over 100 countries. Causality from energy to GDP is found to be more prevalent in the developed OECD countries compared to the developing non-OECD countries; implying that a policy to reduce energy consumption aimed at reducing emissions is likely to have greater impact on the GDP of the developed rather than the developing world. ฉ 2008.

Keywords

Causality, Development, GDP