Energy consumption and real GDP in G7 countries : new evidence from panel cointegration with structural breaks

Narayan, Paresh Kumar and Smyth, Russell 2008, Energy consumption and real GDP in G7 countries : new evidence from panel cointegration with structural breaks, Energy economics, vol. 30, no. 5, pp. 2331-2341.

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Title Energy consumption and real GDP in G7 countries : new evidence from panel cointegration with structural breaks
Author(s) Narayan, Paresh Kumar
Smyth, Russell
Journal name Energy economics
Volume number 30
Issue number 5
Start page 2331
End page 2341
Publisher Elsevier B.V.
Place of publication Amsterdam, The Netherlands
Publication date 2008-09
ISSN 0140-9883
1873-6181
Keyword(s) panel cointegration
energy consumption
real GDP
Summary This paper examines the relationship between capital formation, energy consumption and real GDP in a panel of G7 countries using panel unit root, panel cointegration, Granger causality and long-run structural estimation. We find that capital formation, energy consumption and real GDP are cointegrated and that capital formation and energy consumption Granger cause real GDP positively in the long run. We find that a 1% increase in energy consumption increases real GDP by 0.12–0.39%, while a 1% increase in capital formation increases real GDP by 0.1–0.28%.
Language eng
Field of Research 149999 Economics not elsewhere classified
HERDC Research category C1 Refereed article in a scholarly journal
HERDC collection year 2008
Copyright notice ©2008, Elsevier B.V.
Persistent URL http://hdl.handle.net/10536/DRO/DU:30017250

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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