Does electricity consumption panel Granger cause GDP? A new global evidence

Paresh Kumar Narayan; Seema Narayan; Stephan Popp

doi:10.1016/j.apenergy.2010.03.021

Does electricity consumption panel Granger cause GDP? A new global evidence

Paresh Kumar Narayan, Seema Narayan, Stephan Popp

Research output: Contribution to journal › Article › Research › peer-review

60 Citations (Scopus)

Abstract

The goal of this paper is to undertake a panel data investigation of long-run Granger causality between electricity consumption and real GDP for seven panels, which together consist of 93 countries. We use a new panel causality test and find that in the long-run both electricity consumption and real GDP have a bidirectional Granger causality relationship except for the Middle East where causality runs only from GDP to electricity consumption. Finally, for the G6 panel the estimates reveal a negative sign effect, implying that increasing electricity consumption in the six most industrialised nations will reduce GDP.

Original language	English
Pages (from-to)	3294-3298
Number of pages	5
Journal	Applied Energy
Volume	87
Issue number	10
DOIs	https://doi.org/10.1016/j.apenergy.2010.03.021
Publication status	Published - Oct 2010
Externally published	Yes

Keywords

C22
Electricity consumption
Panel Granger causality
Real GDP

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.apenergy.2010.03.021

Cite this

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KW - Panel Granger causality

KW - Real GDP

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Does electricity consumption panel Granger cause GDP? A new global evidence

Abstract

Keywords

UN SDGs

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