A structural VAR analysis of electricity consumption and real GDP : evidence from the G7 countries

Narayan, Paresh Kumar, Narayan, Seema and Prasad, Arti 2008, A structural VAR analysis of electricity consumption and real GDP : evidence from the G7 countries, Energy policy, vol. 36, no. 7, pp. 2765-2769.

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Title A structural VAR analysis of electricity consumption and real GDP : evidence from the G7 countries
Author(s) Narayan, Paresh Kumar
Narayan, Seema
Prasad, Arti
Journal name Energy policy
Volume number 36
Issue number 7
Start page 2765
End page 2769
Publisher Elsevier Ltd
Place of publication Amsterdam, The Netherlands
Publication date 2008-07
ISSN 0301-4215
1873-6777
Keyword(s) electricity consumption
real GDP
SVAR model
Summary In this paper, we depart from the literature on electricity consumption–real GDP in that for the first time we examine the reaction of real GDP to shocks in electricity consumption. To achieve this goal, we use the structural vector autoregressive (SVAR) model and examine the impact of electricity consumption shocks on real GDP for the G7 countries. We find that except for the USA, electricity consumption has a statistically significant positive impact on real GDP over short horizons. This finding implies that except for the USA, electricity conservation policies will hurt real GDP in the G7 countries.
Language eng
Field of Research 140201 Agricultural Economics
HERDC Research category C1 Refereed article in a scholarly journal
HERDC collection year 2008
Copyright notice ©2008, Elsevier Ltd
Persistent URL http://hdl.handle.net/10536/DRO/DU:30017260

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