Causality between Electricity Consumption and economic growth in Tunisia: Policy implications

International Journal of Economic Policy in Emerging Economies

Volumn 4, Issue 3, 2011, Pages 211-226

  Chouaïbi, Néjib ^a   Abdessalem, Tahar ^a  

^a UNIVERSITY OF CARTHAGE   (Tunisia)

Author keywords

Cointegration; EC; Economic growth; Electricity Consumption; Granger causality

Indexed keywords

EID: 84858408204     PISSN: 17520452     EISSN: 17520460     Source Type: Journal    
DOI: 10.1504/IJEPEE.2011.040915     Document Type: Article

References (27)

1. Abosedra, S., Dah, A. and Ghosh, S. (2009) 'Electricity consumption and economic growth, the case of Lebanon', Applied Energy, Vol. 86, No. 4, pp. 429-432.
2. Altinay, G. and Karagol, E. (2005) 'Electricity consumption and economic growth: evidence for Turkey', Energy Economics, Vol. 27, No. 4, pp. 849-856. (Pubitemid 41722601)
3. Aqeel, A. and Butt, M. S. (2001) 'The relationship between energy consumption and economic growth in Pakistan', Asia-Pacific Development Journal, Vol. 8, No. 2, pp. 101-109.
4. Chontanawat, J. (2008) 'Causality between electricity consumption and GDP in Asia developing countries', Paper presented at the 2nd IAEE Asian Conference: Energy Security and Economic Development under Environmental Constraints in the Asia/Pacific Region, Perth, 5-7 November, Western Australia, pp. 1-6.
5. Dickey, D. A. and Fuller, W. A. (1981) 'Likelihood ratio statistics for autoregessive time series with a unit root', Econometrica, Vol. 49, No. 4, pp. 1057-1072.
6. Diebold, F. X. and Kilian, L. (2000) 'Unit root tests are useful for selecting forecasting models', Journal of Business and Economic Statistics, Vol. 18, pp. 265-273.
7. Dolado, J. J. and Marmol, F. (1998) FM-OLS Estimation of Cointegrating Relationships among Nonstationary Fractionally Integrated Processes, Working Paper 98-41, Universidad Carlos III de Madrid, Getafe, Spain.
8. IEA (2006) International Energy Agency, Obtained through the internet: http://www.eia.doe.gov/iea/elec.html [Accessed 15/12/2009].
9. Engle, R. F. and Granger, C. W. J. (1987) 'Cointegration and error correction: representation, estimation and testing', Econometrica, Vol. 55, No. 2, pp. 251-276.
10. Füss, R. (2007) Bivariate Cointegration Analysis, Department of Empirical Research and Econometrics, Obtained through the internet: http://www.empiwifo.uni-freiburg.de/lehre-teaching-1/winter-term/ dateien-financial-data-analysis/chapter5.pdf
11. Ghosh, S. (2002) 'Electricity consumption and economic growth in India', Energy Policy, Vol. 30, No. 2, pp. 125-129. (Pubitemid 34057533)
12. Hjalmarsson, E. and Österholm, P. (2007) Testing for Cointegration using the Johansen Methodology When Variables are Near-integrated, International Monetary Fund, Working Paper 07-141.
13. Johansen, S. and Juselius, K. (1990) 'Maximum likelihood estimation and inferences on cointegration with application to the demand for money', Oxford Bulletin of Economics and Statistics, Vol. 52, No. 2, pp. 169-210.
14. Jumbe, C. B. L. (2004) 'Cointegration and causality between electricity consumption and GDP: empirical evidence from Malawi', Energy Economics, Vol. 26, No. 1, pp. 61-68. (Pubitemid 38086762)
15. Kanagawa, M. and Nakata, T. (2008) 'Assessment of access to electricity and the socio-economic impacts in rural areas of developing countries', Energy Policy, Vol. 36, No. 6, pp. 2016-2029.
16. Mjelde, J., Bessler, D. A. and Jerko, C. A. (2002) 'Importance of and understanding cointegration: an application to the western United States electricity market', The Electricity Journal, Vol. 15, No. 9, pp. 82-90.
17. Mozumder, P. and Marathe, A. (2007) 'Causality relationship between electricity consumption and GDP in Bangladesh', Energy Policy, Vol. 35, No. 1, pp. 395-402. (Pubitemid 44597237)
18. Nielsen, H. B. (2005) Non-Stationary Time Series, Cointegration and Spurious Regression, Obtained through the internet: http://www.econ. ku.dk/metrics/Econometrics2-05-II/Slides/10-cointegration-2pp.pdf
19. Odhiambo, N. M. (2009) 'Electricity consumption and economic growth in South Africa: a trivariate causality test', Energy Economics, Vol. 31, No. 1 pp. 635-640.
20. Oxley, L. and Greasley, D. (1998) 'Vector autoregression, cointegration and causality: testing for causes of the British industrial revolution', Applied Economics, Vol. 30, pp. 1387-1397. (Pubitemid 28556079)
21. Phillips, P. C. B. and Perron, P. (1988) 'Testing for a unit root in time series regression', Biometrika, Vol. 75, No. 2, pp. 335-346.
22. Shoesmith, G. L. (1992) 'Non-cointegration and causality: implications for VAR modeling', International Journal of Forecasting, Vol. 8, pp. 187-199.
23. TCEG (2010) Tunisian Company of Electricity and Gas's Annual Report, Obtained through the internet: http://www.steg.com.tn/[Accessed 05/02/2010].
24. World Bank (2009) World Development Indicators, Obtained through the internet: http://econ. worldbank.org/[Accessed 05/02/2009].
25. Yang, H. Y. (2000) 'A note of the causal relationship between energy and GDP in Taiwan', Energy Economics, Vol. 22, No. 2, pp. 309-317.
26. Yoo, S. (2005) 'Electricity consumption and economic growth: evidence from Korea', Energy Policy, Vol. 33, No. 12, pp. 1627-1632. (Pubitemid 40106396)
27. Yuan, J., Zhao, C., Yu, S. and Hu, Z. (2007) 'Electricity consumption and economic growth in China: cointegration and co-feature analysis', Energy Economics, Vol. 29, No. 6, pp. 1179-1191. (Pubitemid 47355021)