Journal
ENERGY POLICY
Volume 34, Issue 17, Pages 3342-3350Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.enpol.2005.07.005
Keywords
GCC; energy conservation; cointegration
Ask authors/readers for more resources
This work investigates the causality relationship between gross domestic product (GDP) and energy consumption in the six countries of the Gulf Cooperation Council (GCC). Recently - developed panel cointegration and causality techniques are used to uncover the direction of energy-GDP causality in the GCC. Empirical results indicate a unidirectional causality running from GDP to energy consumption. Evidence shows no support for the hypothesis that energy consumption is the source of GDP growth in the GCC countries. Such results suggest that energy conservation policies may be adopted without much concern about their adverse effects on the growth of GCC economies. (c) 2005 Elsevier Ltd. 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