Energy Consumption and Economic Growth Nexus: Evidence from Developed Countries in Europe

Volume: 4 Number: 3 September 1, 2014
  • Okyay Ucan
  • Ebru Arıcıoglu
  • Fatih Yucel
EN

Energy Consumption and Economic Growth Nexus: Evidence from Developed Countries in Europe

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.

Keywords

Details

Primary Language

English

Subjects

-

Journal Section

-

Authors

Okyay Ucan This is me

Ebru Arıcıoglu This is me

Fatih Yucel This is me

Publication Date

September 1, 2014

Submission Date

September 1, 2014

Acceptance Date

-

Published in Issue

Year 2014 Volume: 4 Number: 3

APA
Ucan, O., Arıcıoglu, E., & Yucel, F. (2014). Energy Consumption and Economic Growth Nexus: Evidence from Developed Countries in Europe. International Journal of Energy Economics and Policy, 4(3), 411-419. https://izlik.org/JA79TS62DK
AMA
1.Ucan O, Arıcıoglu E, Yucel F. Energy Consumption and Economic Growth Nexus: Evidence from Developed Countries in Europe. IJEEP. 2014;4(3):411-419. https://izlik.org/JA79TS62DK
Chicago
Ucan, Okyay, Ebru Arıcıoglu, and Fatih Yucel. 2014. “Energy Consumption and Economic Growth Nexus: Evidence from Developed Countries in Europe”. International Journal of Energy Economics and Policy 4 (3): 411-19. https://izlik.org/JA79TS62DK.
EndNote
Ucan O, Arıcıoglu E, Yucel F (September 1, 2014) Energy Consumption and Economic Growth Nexus: Evidence from Developed Countries in Europe. International Journal of Energy Economics and Policy 4 3 411–419.
IEEE
[1]O. Ucan, E. Arıcıoglu, and F. Yucel, “Energy Consumption and Economic Growth Nexus: Evidence from Developed Countries in Europe”, IJEEP, vol. 4, no. 3, pp. 411–419, Sept. 2014, [Online]. Available: https://izlik.org/JA79TS62DK
ISNAD
Ucan, Okyay - Arıcıoglu, Ebru - Yucel, Fatih. “Energy Consumption and Economic Growth Nexus: Evidence from Developed Countries in Europe”. International Journal of Energy Economics and Policy 4/3 (September 1, 2014): 411-419. https://izlik.org/JA79TS62DK.
JAMA
1.Ucan O, Arıcıoglu E, Yucel F. Energy Consumption and Economic Growth Nexus: Evidence from Developed Countries in Europe. IJEEP. 2014;4:411–419.
MLA
Ucan, Okyay, et al. “Energy Consumption and Economic Growth Nexus: Evidence from Developed Countries in Europe”. International Journal of Energy Economics and Policy, vol. 4, no. 3, Sept. 2014, pp. 411-9, https://izlik.org/JA79TS62DK.
Vancouver
1.Okyay Ucan, Ebru Arıcıoglu, Fatih Yucel. Energy Consumption and Economic Growth Nexus: Evidence from Developed Countries in Europe. IJEEP [Internet]. 2014 Sep. 1;4(3):411-9. Available from: https://izlik.org/JA79TS62DK