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National Chung Hsing University Institutional Repository - NCHUIR > 農業暨自然資源學院 > 應用經濟學系 > 依資料類型分類 > 期刊論文 >  The causality relationship between energy consumption and GDP in G-11 countries revisited

Please use this identifier to cite or link to this item: http://nchuir.lib.nchu.edu.tw/handle/309270000/135533

標題: The causality relationship between energy consumption and GDP in G-11 countries revisited
作者: Lee, C.C.
關鍵字: energy consumption;income;causality;electricity consumption;economic-growth;cointegration;taiwan;prices;income;gnp
日期: 2006
Issue Date: 2012-12-14 11:59:07 (UTC+8)
關連: Energy Policy, Volume 34, Issue 9, Page(s) 1086-1093.
摘要: This paper explores whether energy conservation policies can be implemented in countries with the same level of development. That is, is restraining energy consumption without compromising economic growth feasible in all industrialized countries? A new Granger non-causality testing procedure developed by Toda and Yamamoto [1995, Journal of Econometrics 66, 225-250] is applied to re-investigate the relationship, if any, between energy consumption and income in 11 major industrialized Countries. The results clearly do not support the view that energy consumption and income are neutral with respect to each other, except in the case of the United Kingdom, Germany and Sweden where a neutral relationship is found. Bi-directional causality in the United States and unidirectional running from energy consumption to GDP in Canada, Belgium, the Netherlands and Switzerland are found. This indicates that energy conservation may hinder economic growth in the latter five countries. Further, the causality relationship appears to be uni-directional but reversed for France, Italy and Japan which implies that, in these three countries, energy conservation may be viable without being detrimental to economic growth. (c) 2005 Elsevier Ltd. All rights reserved.
Relation: Energy Policy
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