메뉴 건너뛰기




Volumn 142, Issue , 2015, Pages 44-55

Revisiting energy consumption and GDP causality: Importance of a priori hypothesis testing, disaggregated data, and heterogeneous panels

Author keywords

Cross sectional dependence; Developed and developing countries; Economic growth; Energy consumption; Heterogeneous panels; Panel Granger causality

Indexed keywords

AGGREGATES; DEVELOPING COUNTRIES; ECONOMIC ANALYSIS; ECONOMICS;

EID: 84920911984     PISSN: 03062619     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.apenergy.2014.12.036     Document Type: Article
Times cited : (53)

References (51)
  • 1
    • 49649118977 scopus 로고    scopus 로고
    • Infrastructure, long-run economic growth and causality tests for cointegrated panels
    • Canning D., Pedroni P. Infrastructure, long-run economic growth and causality tests for cointegrated panels. Manch School 2008, 76:504-527.
    • (2008) Manch School , vol.76 , pp. 504-527
    • Canning, D.1    Pedroni, P.2
  • 3
    • 0000997472 scopus 로고
    • Macroeconomics and reality
    • Sims C.A. Macroeconomics and reality. Econometrica 1980, 48:1-48.
    • (1980) Econometrica , vol.48 , pp. 1-48
    • Sims, C.A.1
  • 4
    • 74349104010 scopus 로고    scopus 로고
    • Survey of the international evidence on the causal relationship between energy consumption and growth
    • Payne J.E. Survey of the international evidence on the causal relationship between energy consumption and growth. J Econ Stud 2010, 37:53-95.
    • (2010) J Econ Stud , vol.37 , pp. 53-95
    • Payne, J.E.1
  • 5
    • 77955271114 scopus 로고    scopus 로고
    • On the methodology of energy-GDP Granger causality tests
    • Beaudreau B.C. On the methodology of energy-GDP Granger causality tests. Energy 2010, 35:3535-3539.
    • (2010) Energy , vol.35 , pp. 3535-3539
    • Beaudreau, B.C.1
  • 6
    • 71849102923 scopus 로고    scopus 로고
    • A survey of the electricity consumption-growth literature
    • Payne J.E. A survey of the electricity consumption-growth literature. Appl Energy 2010, 87:723-731.
    • (2010) Appl Energy , vol.87 , pp. 723-731
    • Payne, J.E.1
  • 7
    • 71949129752 scopus 로고    scopus 로고
    • A literature survey on energy-growth nexus
    • Ozturk I. A literature survey on energy-growth nexus. Energy Policy 2010, 38:340-349.
    • (2010) Energy Policy , vol.38 , pp. 340-349
    • Ozturk, I.1
  • 8
    • 63449104491 scopus 로고    scopus 로고
    • How many times again will we examine the energy-income nexus using a limited range of traditional econometric tools?
    • Karanfil F. How many times again will we examine the energy-income nexus using a limited range of traditional econometric tools?. Energy Policy 2009, 37:1191-1194.
    • (2009) Energy Policy , vol.37 , pp. 1191-1194
    • Karanfil, F.1
  • 9
    • 34548501280 scopus 로고    scopus 로고
    • Energy consumption and economic activities in Iran
    • Zamani M. Energy consumption and economic activities in Iran. Energy Econ 2007, 29:1135-1140.
    • (2007) Energy Econ , vol.29 , pp. 1135-1140
    • Zamani, M.1
  • 10
    • 64749116511 scopus 로고    scopus 로고
    • Disaggregate energy consumption and industrial production in South Africa
    • Ziramba E. Disaggregate energy consumption and industrial production in South Africa. Energy Policy 2009, 37:2214-2220.
    • (2009) Energy Policy , vol.37 , pp. 2214-2220
    • Ziramba, E.1
  • 11
    • 34548431626 scopus 로고    scopus 로고
    • The relationship between energy and production: evidence from Turkish manufacturing industry
    • Soytas U., Sari R. The relationship between energy and production: evidence from Turkish manufacturing industry. Energy Econ 2007, 29:1151-1165.
    • (2007) Energy Econ , vol.29 , pp. 1151-1165
    • Soytas, U.1    Sari, R.2
  • 12
    • 48049100586 scopus 로고    scopus 로고
    • The relationship between disaggregate energy consumption and industrial production in the United States: an ARDL approach
    • Sari R., Ewing B.T., Soytas U. The relationship between disaggregate energy consumption and industrial production in the United States: an ARDL approach. Energy Econ 2008, 30:2302-2313.
    • (2008) Energy Econ , vol.30 , pp. 2302-2313
    • Sari, R.1    Ewing, B.T.2    Soytas, U.3
  • 13
    • 84865049541 scopus 로고    scopus 로고
    • The importance of energy quality in energy intensive manufacturing: evidence from panel cointegration and panel FMOLS
    • Liddle B. The importance of energy quality in energy intensive manufacturing: evidence from panel cointegration and panel FMOLS. Energy Econ 2012, 34:1819-1825.
    • (2012) Energy Econ , vol.34 , pp. 1819-1825
    • Liddle, B.1
  • 14
    • 2342419535 scopus 로고    scopus 로고
    • Residential electricity demand in Taiwan
    • Holtedahl P., Joutz F.L. Residential electricity demand in Taiwan. Energy Econ 2004, 26:201-224.
    • (2004) Energy Econ , vol.26 , pp. 201-224
    • Holtedahl, P.1    Joutz, F.L.2
  • 15
    • 33846850128 scopus 로고    scopus 로고
    • Residential electricity demand dynamics in Turkey
    • Halicioglu F. Residential electricity demand dynamics in Turkey. Energy Econ 2007, 29:199-210.
    • (2007) Energy Econ , vol.29 , pp. 199-210
    • Halicioglu, F.1
  • 16
    • 48049123065 scopus 로고    scopus 로고
    • Estimating residential demand for electricity in the United States, 1965-2006
    • Dergiades T., Tsoulfidis L. Estimating residential demand for electricity in the United States, 1965-2006. Energy Econ 2008, 30:2722-2730.
    • (2008) Energy Econ , vol.30 , pp. 2722-2730
    • Dergiades, T.1    Tsoulfidis, L.2
  • 17
    • 58349097541 scopus 로고    scopus 로고
    • Long-run relationship among transport demand, income, and gasoline price for the US
    • Liddle B. Long-run relationship among transport demand, income, and gasoline price for the US. Transport Res D: Transport Environ 2009, 14:73-82.
    • (2009) Transport Res D: Transport Environ , vol.14 , pp. 73-82
    • Liddle, B.1
  • 18
    • 34250800874 scopus 로고    scopus 로고
    • Electricity consumption in G7 countries: a panel cointegration analysis of residential demand elasticities
    • Narayan P.K., Smyth R., Prasad A. Electricity consumption in G7 countries: a panel cointegration analysis of residential demand elasticities. Energy Policy 2007, 35:4485-4494.
    • (2007) Energy Policy , vol.35 , pp. 4485-4494
    • Narayan, P.K.1    Smyth, R.2    Prasad, A.3
  • 19
    • 84858436040 scopus 로고    scopus 로고
    • The systemic, long-run relation among gasoline demand, gasoline price, income, and vehicle ownership in OECD countries: Evidence from panel cointegration and causality modeling
    • Liddle B. The systemic, long-run relation among gasoline demand, gasoline price, income, and vehicle ownership in OECD countries: Evidence from panel cointegration and causality modeling. Transport Res D: Transport Environ 2012, 17:327-331.
    • (2012) Transport Res D: Transport Environ , vol.17 , pp. 327-331
    • Liddle, B.1
  • 20
    • 58349091502 scopus 로고    scopus 로고
    • How linked are energy and GDP: reconsidering Energy-GDP cointegration and causality for disaggregated OECD country data
    • Liddle B. How linked are energy and GDP: reconsidering Energy-GDP cointegration and causality for disaggregated OECD country data. Int J Energy, Environ Econ 2006, 13:97-113.
    • (2006) Int J Energy, Environ Econ , vol.13 , pp. 97-113
    • Liddle, B.1
  • 21
    • 34548461571 scopus 로고    scopus 로고
    • Exploring the relationship between energy use and economic growth with bivariate models: new evidence from G-7 countries
    • Zachariadis T. Exploring the relationship between energy use and economic growth with bivariate models: new evidence from G-7 countries. Energy Econ 2007, 29:1233-1253.
    • (2007) Energy Econ , vol.29 , pp. 1233-1253
    • Zachariadis, T.1
  • 22
    • 84878946846 scopus 로고    scopus 로고
    • Electricity consumption-economic growth Nexus: an aggregated and disaggregated causality analysis in India and Pakistan
    • Abbas F., Choudhury N. Electricity consumption-economic growth Nexus: an aggregated and disaggregated causality analysis in India and Pakistan. J Policy Model 2013, 35:538-553.
    • (2013) J Policy Model , vol.35 , pp. 538-553
    • Abbas, F.1    Choudhury, N.2
  • 23
    • 77950519566 scopus 로고    scopus 로고
    • The causality between energy consumption and economic growth: a multi-sectoral analysis using non-stationary cointegrated panel data
    • Costantini V., Martini C. The causality between energy consumption and economic growth: a multi-sectoral analysis using non-stationary cointegrated panel data. Energy Econ 2010, 32:591-603.
    • (2010) Energy Econ , vol.32 , pp. 591-603
    • Costantini, V.1    Martini, C.2
  • 24
    • 80053025109 scopus 로고    scopus 로고
    • Energy consumption and real income: a panel cointegration multi-country study
    • Joyeux R., Ripple R.D. Energy consumption and real income: a panel cointegration multi-country study. Energy J 2011, 32:107-141.
    • (2011) Energy J , vol.32 , pp. 107-141
    • Joyeux, R.1    Ripple, R.D.2
  • 25
    • 77955051855 scopus 로고    scopus 로고
    • Some econometric issues in measuring the monetary transmission mechanism, with an application to developing countries
    • Cambridge University Press, Cambridge, L. Mahadeva, P. Sinclair (Eds.)
    • Boyd D., Smith R. Some econometric issues in measuring the monetary transmission mechanism, with an application to developing countries. Monetary transmissions in diverse economies 2002, 68-99. Cambridge University Press, Cambridge. L. Mahadeva, P. Sinclair (Eds.).
    • (2002) Monetary transmissions in diverse economies , pp. 68-99
    • Boyd, D.1    Smith, R.2
  • 26
    • 0345059858 scopus 로고    scopus 로고
    • Cointegration vector estimation by panel DOLS andlLong-run money demand
    • Mark N.C., Sul D. Cointegration vector estimation by panel DOLS andlLong-run money demand. Oxford Bull Econ Stat 2003, 65:655-680.
    • (2003) Oxford Bull Econ Stat , vol.65 , pp. 655-680
    • Mark, N.C.1    Sul, D.2
  • 27
    • 78650521130 scopus 로고    scopus 로고
    • Panels with non-stationary multifactor error structures
    • Kapetanios G., Pesaran M.H., Yamagata T. Panels with non-stationary multifactor error structures. J Econom 2011, 160:326-348.
    • (2011) J Econom , vol.160 , pp. 326-348
    • Kapetanios, G.1    Pesaran, M.H.2    Yamagata, T.3
  • 28
    • 58149365138 scopus 로고
    • Estimating long-run relationships from dynamic heterogeneous panels
    • Pesaran M.H., Smith R. Estimating long-run relationships from dynamic heterogeneous panels. J Econom 1995, 68:79-113.
    • (1995) J Econom , vol.68 , pp. 79-113
    • Pesaran, M.H.1    Smith, R.2
  • 29
    • 77954035149 scopus 로고    scopus 로고
    • Does electricity consumption panel Granger cause GDP? A new global evidence
    • Narayan P.K., Narayan S., Popp S. Does electricity consumption panel Granger cause GDP? A new global evidence. Appl Energy 2010, 87:3294-3298.
    • (2010) Appl Energy , vol.87 , pp. 3294-3298
    • Narayan, P.K.1    Narayan, S.2    Popp, S.3
  • 30
    • 84856230510 scopus 로고    scopus 로고
    • The energy consumption-real GDP nexus revisited: empirical evidence from 93 countries
    • Narayan P.K., Popp S. The energy consumption-real GDP nexus revisited: empirical evidence from 93 countries. Econ Model 2012, 29:303-308.
    • (2012) Econ Model , vol.29 , pp. 303-308
    • Narayan, P.K.1    Popp, S.2
  • 31
    • 84876342224 scopus 로고    scopus 로고
    • Energy use, exports, imports and GDP: new evidence from the OECD countries
    • Dedeoğlu D., Kaya H. Energy use, exports, imports and GDP: new evidence from the OECD countries. Energy Policy 2013, 57:469-476.
    • (2013) Energy Policy , vol.57 , pp. 469-476
    • Dedeoğlu, D.1    Kaya, H.2
  • 32
    • 84886863668 scopus 로고    scopus 로고
    • The long-run causal relationship between transport energy consumption and GDP: evidence from heterogeneous panel methods robust to cross-sectional dependance
    • Working paper version is available via SSRN.
    • Liddle B., Lung S. The long-run causal relationship between transport energy consumption and GDP: evidence from heterogeneous panel methods robust to cross-sectional dependance. Econ Lett 2013, 121:524-527. Working paper version is available via SSRN. .
    • (2013) Econ Lett , vol.121 , pp. 524-527
    • Liddle, B.1    Lung, S.2
  • 33
    • 84884203917 scopus 로고    scopus 로고
    • Short- and long-run causality between energy consumption and economic growth: evidence across regions in China
    • Herrerias M.J., Joyeux R., Girardin E. Short- and long-run causality between energy consumption and economic growth: evidence across regions in China. Appl Energy 2013, 112:1483-1492.
    • (2013) Appl Energy , vol.112 , pp. 1483-1492
    • Herrerias, M.J.1    Joyeux, R.2    Girardin, E.3
  • 34
    • 84905512173 scopus 로고    scopus 로고
    • Causal relationship between nuclear energy consumption and economic growth in G6 countries: evidence from panel Granger causality tests
    • Chang T., Gatwabuyege F., Gupta R., Inglesi-Lotz R., Manjezi N.C., Simo-Kengne B.D. Causal relationship between nuclear energy consumption and economic growth in G6 countries: evidence from panel Granger causality tests. Prog Nucl Energy 2014, 77:187-193.
    • (2014) Prog Nucl Energy , vol.77 , pp. 187-193
    • Chang, T.1    Gatwabuyege, F.2    Gupta, R.3    Inglesi-Lotz, R.4    Manjezi, N.C.5    Simo-Kengne, B.D.6
  • 35
    • 79953054753 scopus 로고    scopus 로고
    • Testing for Granger causality in heterogeneous mixed panels
    • Emirmahmutoglu F., Kose N. Testing for Granger causality in heterogeneous mixed panels. Econ Model 2011, 28:870-876.
    • (2011) Econ Model , vol.28 , pp. 870-876
    • Emirmahmutoglu, F.1    Kose, N.2
  • 36
    • 80052713234 scopus 로고    scopus 로고
    • Nuclear energy consumption and economic growth in OECD countries: cross-sectionally dependent heterogeneous panel causality analysis
    • Nazlioglu S., Lebe F., Kayhan S. Nuclear energy consumption and economic growth in OECD countries: cross-sectionally dependent heterogeneous panel causality analysis. Energy Policy 2011, 39:6615-6621.
    • (2011) Energy Policy , vol.39 , pp. 6615-6621
    • Nazlioglu, S.1    Lebe, F.2    Kayhan, S.3
  • 37
    • 84860369052 scopus 로고    scopus 로고
    • Energy consumption-GDP nexus: heterogeneous panel causality analysis
    • Akkemik K.A., Göksal K. Energy consumption-GDP nexus: heterogeneous panel causality analysis. Energy Econ 2012, 34:865-873.
    • (2012) Energy Econ , vol.34 , pp. 865-873
    • Akkemik, K.A.1    Göksal, K.2
  • 38
    • 84868119551 scopus 로고    scopus 로고
    • Energy consumption and economic growth in 12 Asian countries: panel data analysis
    • Chang T., Chu H.-P., Chen W.-Y. Energy consumption and economic growth in 12 Asian countries: panel data analysis. Appl Econ Lett 2013, 20:282-287.
    • (2013) Appl Econ Lett , vol.20 , pp. 282-287
    • Chang, T.1    Chu, H.-P.2    Chen, W.-Y.3
  • 40
    • 84902113034 scopus 로고    scopus 로고
    • Energy consumption and economic growth in the light of meeting the targets of energy policy in the EU: the bootstrap panel Granger causality approach
    • Śmiech S., Papiez˙ M. Energy consumption and economic growth in the light of meeting the targets of energy policy in the EU: the bootstrap panel Granger causality approach. Energy Policy 2014, 71:118-129.
    • (2014) Energy Policy , vol.71 , pp. 118-129
    • Śmiech, S.1    Papiez, M.2
  • 41
    • 80052166799 scopus 로고    scopus 로고
    • Energy consumption and economic growth: new insights into the cointegration relationship
    • Belke A., Dobnik F., Dreger C. Energy consumption and economic growth: new insights into the cointegration relationship. Energy Econ 2011, 33:782-789.
    • (2011) Energy Econ , vol.33 , pp. 782-789
    • Belke, A.1    Dobnik, F.2    Dreger, C.3
  • 42
    • 84878446541 scopus 로고    scopus 로고
    • The energy, economic growth, urbanization nexus across development: evidence from heterogeneous panel estimates robust to cross-sectional dependence
    • Liddle B. The energy, economic growth, urbanization nexus across development: evidence from heterogeneous panel estimates robust to cross-sectional dependence. Energy J 2013, 34:223-244.
    • (2013) Energy J , vol.34 , pp. 223-244
    • Liddle, B.1
  • 43
    • 84901054825 scopus 로고    scopus 로고
    • Energy-growth conundrum in energy exporting and importing countries: evidence from heterogeneous panel methods robust to cross-sectional dependence
    • Jalil A. Energy-growth conundrum in energy exporting and importing countries: evidence from heterogeneous panel methods robust to cross-sectional dependence. Energy Econ 2014, 44:314-324.
    • (2014) Energy Econ , vol.44 , pp. 314-324
    • Jalil, A.1
  • 44
    • 23044445565 scopus 로고    scopus 로고
    • CESifo Working Paper Series No. 1229: IZA Discussion Paper No. 1240. Available at SSRN:
    • Pesaran MH. General diagnostic tests for cross section dependence in panels. CESifo Working Paper Series No. 1229: IZA Discussion Paper No. 1240; 2004. Available at SSRN: http://ssrn.com/abstract=572504.
    • (2004) General diagnostic tests for cross section dependence in panels
    • Pesaran, M.H.1
  • 45
    • 64149114759 scopus 로고    scopus 로고
    • Structural changes, common stochastic trends, and unit roots in panel data
    • Bai J., Lluís Carrion-I-Silvestre J. Structural changes, common stochastic trends, and unit roots in panel data. Rev Econ Stud 2009, 76:471-501.
    • (2009) Rev Econ Stud , vol.76 , pp. 471-501
    • Bai, J.1    Lluís Carrion-I-Silvestre, J.2
  • 46
    • 3042765507 scopus 로고    scopus 로고
    • A PANIC attack on unit roots and cointegration
    • Bai J., Ng S. A PANIC attack on unit roots and cointegration. Econometrica 2004, 72:1127-1177.
    • (2004) Econometrica , vol.72 , pp. 1127-1177
    • Bai, J.1    Ng, S.2
  • 47
    • 3042730368 scopus 로고    scopus 로고
    • Testing for a unit root in panels with dynamic factors
    • Moon H.R., Perron B. Testing for a unit root in panels with dynamic factors. J Econom 2004, 122:81-126.
    • (2004) J Econom , vol.122 , pp. 81-126
    • Moon, H.R.1    Perron, B.2
  • 48
    • 52049121862 scopus 로고    scopus 로고
    • A simple test for cointegration in dependent panels with structural breaks
    • Westerlund J., Edgerton D. A simple test for cointegration in dependent panels with structural breaks. Oxford Bull Econ Stat 2008, 70:665-704.
    • (2008) Oxford Bull Econ Stat , vol.70 , pp. 665-704
    • Westerlund, J.1    Edgerton, D.2
  • 49
    • 33745290412 scopus 로고    scopus 로고
    • Estimation and inference in large heterogeneous panels with a multifactor error structure
    • Pesaran M.H. Estimation and inference in large heterogeneous panels with a multifactor error structure. Econometrica 2006, 74:967-1012.
    • (2006) Econometrica , vol.74 , pp. 967-1012
    • Pesaran, M.H.1
  • 50
    • 10244239237 scopus 로고    scopus 로고
    • Energy consumption and economic growth in Korea: testing the causality relation
    • Oh W., Lee K. Energy consumption and economic growth in Korea: testing the causality relation. J Policy Model 2004, 26:973-981.
    • (2004) J Policy Model , vol.26 , pp. 973-981
    • Oh, W.1    Lee, K.2
  • 51
    • 33748710821 scopus 로고    scopus 로고
    • Energy consumption and income in G-7 countries
    • Soytas U., Sari R. Energy consumption and income in G-7 countries. J Policy Model 2006, 28:739-750.
    • (2006) J Policy Model , vol.28 , pp. 739-750
    • Soytas, U.1    Sari, R.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.