Causality relationship between real GDP and electricity consumption in Romania (2001-2010)

Romanian Journal of Economic Forecasting

Volumn 13, Issue 4, 2010, Pages 169-183

  Kayhan, Selim ^a   Adiguzel, Uǧur ^a   Bayat, Tayfur ^b   Lebe, Fuat ^a  

^a BOZOK UNIVERSITY   (Turkey)

^b ADIYAMAN UNIVERSITY   (Turkey)

Author keywords

Causality Test; Economic Growth; Electricity Consumption; Romania

Indexed keywords

EID: 79951499413     PISSN: 15826163     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (46)

1. Akarca, A.T. and Long, T.V. (1980), "On The Relationship Between Energy and GNP: a Reexamination.", Journal of Energy Development, 5: 326-331.
2. Aktas, C. and Yilmaz, V. (2008), "Causal Relationship Between Oil Consumption and Economic Growth in Turkey", Kocaeli Universitesi Sosyal Bilimler Dergisi, 15: 45-55.
3. Asafu-Adjaye, J. (2000), "The Relationship Between Energy Consumption, Energy Prices and Economic Growth: Time Series Evidence from Asian Developing Countries", Energy Economics, 22: 615-625.
4. Bai, J. and Perron, P. (1998), "Estimating and Testing Linear Models with Multiple Structural Changes", Econometrica, 66: 47-78.
5. Bai, J. and Perron, P. (2003), "Computation and analysis of multiple structural change models", Journal of Applied Econometrics, 18: 1-22.
6. Belloumi, M. (2009), "Energy Consumption and GDP in Tunisia: Cointegration and Causality Analysis", Energy Policy, accepted in 3 March.
7. Booth, G.G., Ciner, C. (2005), "German Dominance in the European Monetary System: a Reprise Using Robust Wald test", Applied Economic Letters, 12(8): 463-466.
8. Chang, T. Fang, W. Wen, L.F. (2001), "Energy Consumption, Employment, Output and Temporal Causality: Evidence from Taiwan Based Cointegration and Error Correction Modeling Techniques", Applied Economics, 33: 1045-1056.
9. Chen, S.T., Kuo, H.I., Chen, C.C. (2007), "The Relationship Between GDP and Electricity Consumption in 10 Asian Countries", Energy Policy, 35: 2611-2621.
10. Cheng, B.S. (1997), "Energy Consumption and Economic Growth in Brazil, Mexico and Venezuela: a Time Series Analysis", Applied Economics Letters, 4: 671-74.
11. Cheng, B.S. and Lai, T.W. (1997), "an Investigation of Co-Integration and Causality Between Energy Consumption and Economic Activity in Taiwan", Energy Economics, 19: 435-444.
12. Dolado, J.J. and Lütkepohl, H. (1996), "Making Wald Test Work for Cointegrated VAR Systems", Econometric Reviews, 15: 369-386.
13. Elliot, G., Rothenberg, T.J. and Stock, J.H. (1996), "Efficient Tests for an Autoregressive Unit Root", Econometrica, 64(4): 813-836.
14. Erol, U. and Yu, E.S.H. (1987), "On The Relationship Between Energy and Income for Industrialized Countries", Journal of Energy and Employment, 13: 113-122.
15. Esteve, V. and Requena, F. (2006), "A Cointegration Analysis of Car Advertising and Sales Data in the Presence of Structural Change", International Journal of the Economics of Business, 13(1): 111-128.
16. Eurydice (2005), "Avrupa'daki Eǧitim Sistemleri Üzerine Özet Belgeler", Avrupa Bilgi Agi{dotless}: 1-10.
17. Glasure, Y.U. (2002), "Energy and National Income in Korea: Further Evidence on The Role Of Omitted Variables", Energy Economics, 24: 355-365.
18. Hatemi J, A. and Irandoust, M. (2005), "Energy Consumption and Economic Growth in Sweden: a Leveraged Bootstrap Approach", International Journal of Applied Econometrics and Quantitative Studies, 2(4): 87-98.
19. Hondroyiannis, G., Lolos, S., Papaetrou, E. (2002), "Energy Consumption and Economic Growth: Assessing The Evidence From Greece". Energy Economics, 24: 319-336.
20. Hwang, D.B.K. and Gum, B. (1992), "The Causal Relationship Between Energy and GNP: The Case of Taiwan", Journal of Energy and Development, 16: 219-226.
21. INSSE (2009a), Monthly Statical Bulletin, http://www.insse.ro/cms/files/arhiva_buletine2009/bsl_4.pdf., Accessed in April 2009.
22. INSSE (2009b), International Trade Statistics, available at http://www.insse.ro/cms/files/arhiva_buletine2009/bsci_02.pdf, Accessed in April 2009.
23. INSSE (2009c), Statical Yearbook 2007, http://www.insse.ro/cms/files/pdf/en/cp3.pdf, Accessed in April 2009.
24. Jobert, T. and Karanfil, F. (2007), "Sectoral Energy Consumption by Source and Economic Growth in Turkey", Energy Policy, 35: 5447-5456.
25. Karagol, E., Erbaykal, E., Ertugrul, H.M. (2007), "Turkiye'de Ekonomik Buyume ile Elektrik Tuketimi Iliksisi: Sinir Testi Yaklasimi", Dogus Universitesi Dergisi, 8(1): 72-80.
26. Liu, J., Wu, S. and Zidek, J.V. (1997), "On Segmented Multivariate Regressions", Statistica Sinica, 7, 497-525.
27. Lütkepohl, H. and Kratzig, M. (2004), Applied Time Series Econometrics (Themes in Modern Econometrics), Cambridge University Press.
28. Masih, A.M.M. and Masih R. (1997), "On The Temporal Causal Relationship Between Energy Consumption, Real Income Prices: Some New Evidence from Asian NICs Based on a Multivariate Cointegration/Vector Error Correction Approach", Journal of Policy Modeling, 19: 417-440.
29. Masih, A.M.M. and Masih, R. (1996), "Energy Consumption, Real Income and Temporal Causality; Results from a Multi-Country Study Based on Cointegration and Error Correction Modeling Techniques", Energy Economics, 18: 165-183.
30. Narayan, P.K. and Prasad, A. (2008), "Electricity Consumption-Real GDP Causality Nexus: Evidence from a Bootstrapped Causality Test For 30 OECD Countries", Energy Policy, 36: 910-918.
31. Narayan, P.K. and Singh, B. (2007),"The Electricity Consumption and GDP Nexus for The Fiji Islands", Energy Economics, 29: 1141-1150.
32. Odhiambo, N.M. (2009), "Energy Consumption and Economic Growth Nexus in Tanzania: an ARDL Bounds Testing Approach". Energy Policy, 37: 617-622.
33. Oh, W. and Lee, K. (2004), "Causal Relationship Between Energy Consumption and GDP Revisited: The Case of Korea 1970-1999", Energy Economics, 26: 51-59.
34. Paul, S. and Bhattacharya, R.B. (2004), "Causality Between Energy Consumption and Economic Growth in India: a Note on Conflicting Results", Energy Economics, 26: 977-983.
35. Phillips, P.C.B. and Perron, P. (1988), "Testing for a Unit Root in Time Series Regression", Biometrika, 75(2): 335-346.
36. Preda, M. (2008), "The Energy Strategy of Romania for the Period 2007-2020", Central European University Center for EU Enlargement Studies, 1-25.
37. Road Map for Energy Sector of Romania (2003), Romania Government Ministry of Economy and Commerce, 1-115.
38. Soytas, U. and Sari, R. (2003), "Energy Consumption and GDP: Causality Relationship in G-7 Countries And Emerging Markets", Energy Economics, 25: 33-37.
39. Shiu, A. and Lam, LP. (2004), "Electricity Consumption and Economic Growth in China", Energy Policy, 30: 47-54.
40. Squalli, J. (2007), "Electricity Consumption and Economic Growth: Bounds and Causality Analyses of OPEC Members", Energy Economics, 29: 1192-1205.
41. Toda, H.Y. and Yamamoto, T. (1995), "Statistical Inference in Vector Autoregressions with Possibly Integrated Processes", Journal of Econometrics, 66: 225-250.
42. Wolde-Rufael, Y. (2006), "Electricity Consumption and Economic Growth: a Time Series Experience for 17 African Countries", Energy Policy, 34: 1106-1114.
43. Yao, Y.C. (1988), "Estimating the Number of Change - Points via Schwarz' Criterion", Statistics and Probability Letters, 6: 181-189.
44. Yemane, W.R. (2004), "Disaggregated Industrial Energy Consumption and GDP: The Case of Shanghai", Energy Economics, 26: 69-75.
45. Yu, E.S.H. and Hwang B.K., (1984), "The Relationship Between Energy and GNP: Further Results" Energy Economics, 6: 186-190
46. Yu, E.S.H. and Choi, JY. (1985), "The Causal Relationship Between Energy and GNP: an International Comparison.", Journal of Energy Development, 10: 249-272.