The causality between energy consumption and economic growth: A multi-sectoral analysis using non-stationary cointegrated panel data

Valeria Costantini, Chiara Martini

Research output: Contribution to journalArticle

159 Citations (Scopus)

Abstract

The increasing attention given to global energy issues and the international policies needed to reduce greenhouse gas emissions have given a renewed stimulus to research interest in the linkages between the energy sector and economic performance at country level. In this paper, we analyse the causal relationship between economy and energy by adopting a Vector Error Correction Model for non-stationary and cointegrated panel data with a large sample of developed and developing countries and four distinct energy sectors. The results show that alternative country samples hardly affect the causality relations, particularly in a multivariate multi-sector framework. © 2009 Elsevier B.V.
Original languageEnglish
Pages (from-to)591 - 603
Number of pages13
JournalEnergy Economics
Volume32
Issue number3
DOIs
Publication statusPublished - May 2010
Externally publishedYes

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All Science Journal Classification (ASJC) codes

  • Economics and Econometrics
  • Energy(all)

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