Abstract

This paper analyzes the relationship between renewable and non-renewable energy consumption and economic growth for a panel of fifteen European Union countries over the period 1990-2011 within a multivariate framework. The heterogeneous panel cointegration tests present a long-run equilibrium relationship between real GDP, renewable and non-renewable energy consumption, greenhouse gas emissions and research and development. The Granger-causality results demonstrate unidirectional causality between non-renewable energy consumption and economic growth.

Details

Title
Energy Consumption and Economic Growth Nexus: Evidence from Developed Countries in Europe
Author
Okyay Ucan; Aricioglu, Ebru; Yucel, Fatih
Pages
411-419
Section
Articles
Publication year
2014
Publication date
2014
Publisher
EconJournals
ISSN
21464553
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
1550962701
Copyright
© 2014. This work is published under http://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and conditions, you may use this content in accordance with the terms of the License.