Examining the bi-directional long run relationship between renewable energy consumption and GDP growth

Renewable and Sustainable Energy Reviews

Volumn 22, Issue , 2013, Pages 209-222

  Al Mulali, Usama ^a   Fereidouni, Hassan Gholipour ^a   Lee, Janice Ym ^a   Sab, Che Normee Binti Che ^b  

^a UNIVERSITI TEKNOLOGI MALAYSIA   (Malaysia)

^b SCHOOL OF PHYSICS   (Malaysia)

Author keywords

FMOLS; GDP growth; Renewable energy consumption

Indexed keywords

RENEWABLE ENERGY RESOURCES;

BI-DIRECTIONAL; FMOLS; GDP GROWTH; GROWTH HYPOTHESIS; MIDDLE INCOMES; NEUTRALITY HYPOTHESIS; RENEWABLE ENERGY CONSUMPTION;

ENERGY UTILIZATION;

EID: 84874915410     PISSN: 13640321     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.rser.2013.02.005     Document Type: Review

References (83)

1. W. Oh, and K. Lee Causal relationship between energy consumption and GDP revisited: the case of Korea 1970-1999 Energy Economics 26 2004 51 59 (Pubitemid 38086761)
2. F. Fallahi Causal relationship between energy consumption (EC) and GDP: a Markov-switching (MS) causality Energy 36 2011 4165 4170
3. B.N. Huang, M.J. Hwang, and C.W. Yang Causal relationship between energy consumption and GDP growth revisited: a dynamic panel data approach Ecological Economics 67 2008 41 54
4. Z. Zhixin, and R. Xin Causal relationships between energy consumption and economic growth Energy Procedia 5 2011 2065 2071
5. M. Balcilar, Z.A. Ozdemir, and Y. Arslanturk Economic growth and energy consumption causal nexus viewed through a bootstrap rolling window Energy Economics 32 2010 1398 1410
6. S.Z. Tsani Energy consumption and economic growth: a causality analysis for Greece Energy Economics 32 2010 582 590
7. N. Apergis, and J.E. Payne Energy consumption and economic growth: evidence from the Commonwealth of Independent States Energy Economics 31 2009 641 647
8. C.C. Lee, and C.P. Chang Energy consumption and economic growth in Asian economies: a more comprehensive analysis using panel data Resource and Energy Economics 30 2008 50 65
9. N. Apergis, and J.E. Payne Energy consumption and economic growth in Central America: evidence from a panel cointegration and error correction model Energy Economics 31 2009 211 216
10. A. Belke, F. Dobnik, and C. Dreger Energy consumption and economic growth: new insights into the cointegration relationship Energy Economics 33 2011 782 789
11. M. Mehrara Energy consumption and economic growth: the case of oil exporting countries Energy Policy 35 2007 2939 2945 (Pubitemid 46381406)
12. Y.W. Rufael Energy consumption and economic growth: the experience of African countries revisited Energy Economics 31 2009 217 224
13. U. Soytas, and R. Sari Energy consumption and GDP: causality relationship in G-7 countries and emerging markets Energy Economics 25 2003 33 37 (Pubitemid 36036587)
14. C.C. Lee Energy consumption and GDP in developing countries: a cointegrated panel analysis Energy Economics 27 2005 415 427
15. W. Lise, and K.V. Montfort Energy consumption and GDP in Turkey: is there a cointegration relationship? Energy Economics 29 2007 1166 1178 (Pubitemid 47381208)
16. C.C. Lee, and C.P. Chang Energy consumption and GDP revisited: a panel analysis of developed and developing countries Energy Economics 29 2007 1206 1223
17. N. Apergis, and J.E. Payne Energy consumption and growth in South America: evidence from a panel error correction model Energy Economics 32 2010 1421 1426
18. P.K. Narayan, and R. Smyth Energy consumption and real GDP in G7 countries: new evidence from panel cointegration with structural breaks Energy Economics 30 2008 2331 2341
19. R. Mahadevan, and J.A. Adjaye Energy consumption, economic growth and prices: a reassessment using panel VECM for developed and developing countries Energy Policy 35 2007 2481 2490 (Pubitemid 44920046)
20. I. Ozturk, A. Aslan, and H. Kalyoncu Energy consumption and economic growth relationship: evidence from panel data for low and middle income countries Energy Policy 38 2010 4422 4428
21. M. Belloumi Energy consumption and GDP in Tunisia: cointegration and causality analysis Energy Policy 37 2009 2745 2753
22. K.A. Akkemik, and K. Göksal Energy consumption-GDP nexus: heterogeneous panel causality analysis Energy Economics 34 2012 865 873
23. M.A. Al-Iriani Energy-GDP relationship revisited: an example from GCC countries using panel causality Energy Policy 34 2006 3342 3350 (Pubitemid 44204092)
24. M.S. Kahsai, C. Nondo, P.V. Schaeffer, and T.G. Gebremedhin Income level and the energy consumption-GDP nexus: evidence from sub-Saharan Africa Energy Economics 34 2012 739 746
25. C. Zhang, and J. Xu Retesting the causality between energy consumption and GDP in China: evidence from sectoral and regional analyses using dynamic panel data Energy Economics 34 2012 1782 1789
26. I. Ozturk, and A. Acaravci The causal relationship between energy consumption and GDP in Albania, Bulgaria, Hungary and Romania: Evidence from ARDL bound testing approach Applied Energy 87 2010 1938 1943
27. N. Bowden, and J.E. Payne The causal relationship between U.S. energy consumption and real output: a disaggregated analysis Journal of Policy Modeling 31 2009 180 188
28. Y. Shuyun, and Y. Donghua The causality between energy consumption and economic growth in China: using panel method in a multivariate framework Energy Procedia 5 2011 808 812
29. C.C. Lee The causality relationship between energy consumption and GDP in G-11 countries revisited Energy Policy 34 2006 1086 1093
30. L. Dagher, and T. Yacoubian The causal relationship between energy consumption and economic growth in Lebanon Energy Policy 50 2012 795 801
31. V. Mishra, R. Smyth, and S. Sharma The energy-GDP nexus: evidence from a panel of Pacific Island countries Resource and Energy Economics 31 2009 210 220
32. 2 emissions, nuclear energy, renewable energy and economic growth in the US Energy Policy 38 2010 2911 2915
33. A.N. Menegaki Growth and renewable energy in Europe: a random effect model with evidence for neutrality hypothesis Energy Economics 33 2011 257 263
34. N. Apergis, J.E. Payne, K. Menyah, and Y.W. Rufael On the causal dynamics between emissions, nuclear energy, renewable energy, and economic growth Ecological Economics 69 2012 2255 2260
35. N. Apergis, and J.E. Payne Renewable and non-renewable electricity consumption-growth nexus: evidence from emerging market economies Applied Energy 88 2011 5226 5230
36. C.T. Tugcu, I. Ozturk, and A. Aslan Renewable and non-renewable energy consumption and economic growth relationship revisited: evidence from G7 countries Energy Economics 34 2012 1942 1950
37. N. Apergis, and J.E. Payne Renewable and non-renewable energy consumption-growth nexus: evidence from a panel error correction model Energy Economics 34 2012 733 738
38. N. Apergis, and J.E. Payne Renewable energy consumption and growth in Eurasia Energy Economics 32 2010 1392 1397
39. N. Apergis, and J.E. Payne Renewable energy consumption and economic growth: evidence from a panel of OECD countries Energy Policy 38 2010 656 660
40. P. Sadorsky Renewable energy consumption and income in emerging economies Energy Policy 37 2009 4021 4028
41. N. Apergis, and J.E. Payne The renewable energy consumption-growth nexus in Central America Applied Energy 88 2011 343 347
42. C.Y. Ho, and K.M. Siu A dynamic equilibrium of electricity consumption and GDP in Hong Kong: an empirical investigation Energy Policy 35 2007 2507 2513
43. N. Apergis, and J.E. Payne A dynamic panel study of economic development and the electricity consumption-growth nexus Energy Economics 33 2011 770 781
44. C.F. Tang A re-examination of the relationship between electricity consumption and economic growth in Malaysia Energy Policy 36 2008 3077 3085
45. P. Mozumder, and A. Marathe Causality relationship between electricity consumption and GDP in Bangladesh Energy Policy 35 2007 395 402 (Pubitemid 44597237)
46. P.K. Narayan, S. Narayan, and S. Popp Does electricity consumption panel Granger cause GDP? A new global evidence Applied Energy 87 2010 3294 3298
47. M.E. Bildirici, and F. KayIkçI Economic growth and electricity consumption in former Soviet Republics Energy Economics 34 2012 747 753
48. A.K. Kouakou Economic growth and electricity consumption in Cote d'Ivoire: evidence from time series analysis Energy Policy 39 2011 3638 3644
49. A. Ciarreta, and A. Zarraga Economic growth-electricity consumption causality in 12 European countries: a dynamic panel data approach Energy Policy 38 2010 3790 3796
50. G. Altinay, and G. Karagol Electricity consumption and economic growth: evidence from Turkey Energy Economics 27 2005 849 856 (Pubitemid 41722601)
51. Y.W. Rufael Electricity consumption and economic growth: a time series experience for 17 African countries Energy Policy 34 2006 1106 1114
52. J. Yuan, C. Zhao, S. Yu, and Z. Hu Electricity consumption and economic growth in China: cointegration and co-feature analysis Energy Economics 29 2007 1179 1191 (Pubitemid 47355021)
53. I.M. Ouédraogo Electricity consumption and economic growth in Burkina Faso: a cointegration analysis Energy Economics 32 2010 524 531
54. A. Shiu, and P.L. Lam Electricity consumption and economic growth in China Energy Policy 32 2004 47 54 (Pubitemid 36996891)
55. N.M. Odhiambo Electricity consumption and economic growth in South Africa: a trivariate causality test Energy Economics 31 2009 635 640
56. S. Abosedra, A. Dah, and S. Ghosh Electricity consumption and economic growth, the case of Lebanon Applied Energy 86 2009 429 432
57. I. Ozturk, and A. Acaravci Electricity consumption and real GDP causality nexus: evidence from ARDL bounds testing approach for 11 MENA countries Applied Energy 88 2011 2885 2892
58. S.H. Yoo, and S.Y. Kwak Electricity consumption and economic growth in seven South American countries Energy Policy 38 2012 181 188
59. M.G. Ahamad, and A.K.M. Islam Electricity consumption and economic growth nexus in Bangladesh: revisited evidences Energy Policy 39 2011 6145 6150
60. M. Shahbaz, C.F. Tang, and M.,.S. Shabbir Electricity consumption and economic growth nexus in Portugal using cointegration and causality approaches Energy Policy 39 2011 3529 3536
61. A. Acaravci, and I. Ozturk Electricity consumption-growth nexus: evidence from panel data for transition countries Energy Economics 32 2010 604 608
62. V.G.R. Chandran, S. Sharma, and K. Madhavan Electricity consumption-growth nexus: the case of Malaysia Energy Policy 38 2010 606 612
63. P.K. Narayan, and R. Smyth Multivariate granger causality between electricity consumption, exports and GDP: evidence from a panel of Middle Eastern countries Energy Policy 37 2009 229 236
64. S.H. Yoo The causal relationship between electricity consumption and economic growth in the ASEAN countries Energy Policy 34 2006 3573 3582
65. M. Shahbaz, and H.H. Lean The dynamics of electricity consumption and economic growth: a revisit study of their causality in Pakistan Energy 39 2012 146 153
66. P.K. Narayan, and B. Singh The electricity consumption and GDP nexus for the Fiji Islands Energy Economics 29 2007 1141 1150 (Pubitemid 47370872)
67. X. Shengfeng, X. Sheng, Z. Tainting, and Z. Luella The relationship between electricity consumption and economic growth in China Physics Procedia 24 2012 56 62
68. S.T. Chen, H.I. Kuok, and C.C. Chen The relationship between GDP and electricity consumption in 10 Asian countries Energy Policy 35 2007 2611 2621
69. F. Jamal, and E. Ahmad The relationship between electricity consumption, electricity prices and GDP in Pakistan Energy Policy 38 2010 6016 6025
70. S.H. Yoo Causal relationship between coal consumption and economic growth in Korea Applied Energy 83 2006 1181 1189
71. L. Jinks, S. Hauling, and G. Damming Causality relationship between coal consumption and GDP: difference of major OECD and non-OECD countries Applied Energy 85 2008 421 429
72. Y.W. Rufael Coal consumption and economic growth revisited Applied Energy 87 2010 160 167
73. N. Apergis, and J.E. Payne Coal consumption and economic growth: evidence from a panel of OECD countries Energy Policy 38 2010 1353 1359
74. R. Li, and G.C.K. Leung Coal consumption and economic growth in China Energy Policy 40 2012 438 443
75. N.B. Bemire, and J.P. Manos Crude oil conservation policy hypothesis in OECD (organization for economic cooperation and development) countries: a multivariate panel Granger causality test Energy 43 2012 253 260
76. L.J. Key, W.F. Hua, and S.H. Ling Differences in coal consumption patterns and economic growth between developed and developing countries Procedia Earth and Planetary Science 1 2009 1744 1750
77. N. Apergis, and J.E. Payne Natural gas consumption and economic growth: a panel investigation of 67 countries Applied Energy 87 2012 2759 2763
78. 2 emission and economic growth in MENA countries Energy 36 2011 6165 6171
79. G. Zoo, and K.W. Chua Short- and long-run effects between oil consumption and economic growth in China Energy Policy 34 2006 3644 3655
80. N. Apergis, and J.E. Payne The causal dynamics between coal consumption and growth: evidence from emerging market economies Applied Energy 87 2010 1972 1977
81. H. Kim, O. Ocala, and A. Aslan The relationship among natural gas energy consumption, capital and economic growth: bootstrap-corrected causality tests from G-7 countries Renewable and Sustainable Energy Reviews 16 2012 2361 2365
82. C.B. Phillips, and B. Hansen Statistical inference in instrumental variables regression with I(1) processes Review of Economics Studies 57 1990 99 125
83. The World Bank. Washington, DC: World Development Indicators. 〈http://data.worldbank.org/data-catalog/world-development- indicators〉; 2012.