Impact of Energy Consumption on Economic Growth in Major OECD Economies (1977-2014): A Panel Data Approach

Volume: 7 Number: 2 June 1, 2017
  • Alí Aali-bujari
  • Francisco Venegas-martínez
  • Alfredo Omar Palafox-roca
EN

Impact of Energy Consumption on Economic Growth in Major OECD Economies (1977-2014): A Panel Data Approach

Abstract

This paper is aimed at assessing the impact of energy use growth on economic growth in the major economies of the Organization for Economic Cooperation and Development (OECD) during the period 1977-2014. To do this, a Granger causality analysis among relevant variables is carried out and, subsequently, a panel data model is estimated with the Generalized Method of Moments (GMM). The main empirical finding is that real GDP per capita growth is positively affected by the growth rate of energy use per capita in the following studied economies: Germany, Australia, Austria, Belgium, Canada, Denmark, Spain, USA, Finland, France, Greece, Holland, Italy, Luxembourg, Norway, Portugal, Sweden, and New Zealand

Keywords

Details

Primary Language

English

Subjects

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Journal Section

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Authors

Alí Aali-bujari This is me

Francisco Venegas-martínez This is me

Alfredo Omar Palafox-roca This is me

Publication Date

June 1, 2017

Submission Date

June 1, 2017

Acceptance Date

-

Published in Issue

Year 2017 Volume: 7 Number: 2

APA
Aali-bujari, A., Venegas-martínez, F., & Palafox-roca, A. O. (2017). Impact of Energy Consumption on Economic Growth in Major OECD Economies (1977-2014): A Panel Data Approach. International Journal of Energy Economics and Policy, 7(2), 18-25. https://izlik.org/JA89BU82PG
AMA
1.Aali-bujari A, Venegas-martínez F, Palafox-roca AO. Impact of Energy Consumption on Economic Growth in Major OECD Economies (1977-2014): A Panel Data Approach. IJEEP. 2017;7(2):18-25. https://izlik.org/JA89BU82PG
Chicago
Aali-bujari, Alí, Francisco Venegas-martínez, and Alfredo Omar Palafox-roca. 2017. “Impact of Energy Consumption on Economic Growth in Major OECD Economies (1977-2014): A Panel Data Approach”. International Journal of Energy Economics and Policy 7 (2): 18-25. https://izlik.org/JA89BU82PG.
EndNote
Aali-bujari A, Venegas-martínez F, Palafox-roca AO (June 1, 2017) Impact of Energy Consumption on Economic Growth in Major OECD Economies (1977-2014): A Panel Data Approach. International Journal of Energy Economics and Policy 7 2 18–25.
IEEE
[1]A. Aali-bujari, F. Venegas-martínez, and A. O. Palafox-roca, “Impact of Energy Consumption on Economic Growth in Major OECD Economies (1977-2014): A Panel Data Approach”, IJEEP, vol. 7, no. 2, pp. 18–25, June 2017, [Online]. Available: https://izlik.org/JA89BU82PG
ISNAD
Aali-bujari, Alí - Venegas-martínez, Francisco - Palafox-roca, Alfredo Omar. “Impact of Energy Consumption on Economic Growth in Major OECD Economies (1977-2014): A Panel Data Approach”. International Journal of Energy Economics and Policy 7/2 (June 1, 2017): 18-25. https://izlik.org/JA89BU82PG.
JAMA
1.Aali-bujari A, Venegas-martínez F, Palafox-roca AO. Impact of Energy Consumption on Economic Growth in Major OECD Economies (1977-2014): A Panel Data Approach. IJEEP. 2017;7:18–25.
MLA
Aali-bujari, Alí, et al. “Impact of Energy Consumption on Economic Growth in Major OECD Economies (1977-2014): A Panel Data Approach”. International Journal of Energy Economics and Policy, vol. 7, no. 2, June 2017, pp. 18-25, https://izlik.org/JA89BU82PG.
Vancouver
1.Alí Aali-bujari, Francisco Venegas-martínez, Alfredo Omar Palafox-roca. Impact of Energy Consumption on Economic Growth in Major OECD Economies (1977-2014): A Panel Data Approach. IJEEP [Internet]. 2017 Jun. 1;7(2):18-25. Available from: https://izlik.org/JA89BU82PG