Journal
ENERGY ECONOMICS
Volume 32, Issue 3, Pages 591-603Publisher
ELSEVIER SCIENCE BV
DOI: 10.1016/j.eneco.2009.09.013
Keywords
Energy sector; Panel unit roots; Panel cointegration; Vector Error Correction Models; Granger causality
Categories
Ask authors/readers for more resources
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. (C) 2009 Elsevier BM. All rights reserved.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available