EN
The Causal Links between Economic Growth, Renewable Energy, Financial Development and Foreign Trade in Gulf Cooperation Council Countries
Abstract
This paper examines the causal relationship between renewable energy consumption, real GDP, trade and financial development for the GCC countries during the period 1980-2012. Compared to the previous studies, our models are extended by including the financial development as macroeconomic factor. The results indicate bidirectional causality in both short and long-run between output and exports. While, there is no evidence of causality in the short-run between output and renewable energy consumption or private sector credit and between exports and renewable energy consumption or private sector credit. Moreover, the long-run estimated results indicate that there is evidence of a statistically significant impact of renewable energy consumption, exports and private sector credit on output. Our finding indicates that renewable energy use and exports are able to increase the economic growth for the GCC countries. Nevertheless, we find negative impact of the financial development on economic growth related to the deflationary monetary policy of the considered countries
Keywords
Details
Primary Language
English
Subjects
Engineering
Journal Section
Conference Paper
Publication Date
June 1, 2017
Submission Date
June 1, 2017
Acceptance Date
-
Published in Issue
Year 2017 Volume: 7 Number: 2
APA
Hassine, M. B., & Harrathi, N. (2017). The Causal Links between Economic Growth, Renewable Energy, Financial Development and Foreign Trade in Gulf Cooperation Council Countries. International Journal of Energy Economics and Policy, 7(2), 76-85. https://izlik.org/JA27GK85SN
AMA
1.Hassine MB, Harrathi N. The Causal Links between Economic Growth, Renewable Energy, Financial Development and Foreign Trade in Gulf Cooperation Council Countries. IJEEP. 2017;7(2):76-85. https://izlik.org/JA27GK85SN
Chicago
Hassine, Mustapha Ben, and Nizar Harrathi. 2017. “The Causal Links Between Economic Growth, Renewable Energy, Financial Development and Foreign Trade in Gulf Cooperation Council Countries”. International Journal of Energy Economics and Policy 7 (2): 76-85. https://izlik.org/JA27GK85SN.
EndNote
Hassine MB, Harrathi N (June 1, 2017) The Causal Links between Economic Growth, Renewable Energy, Financial Development and Foreign Trade in Gulf Cooperation Council Countries. International Journal of Energy Economics and Policy 7 2 76–85.
IEEE
[1]M. B. Hassine and N. Harrathi, “The Causal Links between Economic Growth, Renewable Energy, Financial Development and Foreign Trade in Gulf Cooperation Council Countries”, IJEEP, vol. 7, no. 2, pp. 76–85, June 2017, [Online]. Available: https://izlik.org/JA27GK85SN
ISNAD
Hassine, Mustapha Ben - Harrathi, Nizar. “The Causal Links Between Economic Growth, Renewable Energy, Financial Development and Foreign Trade in Gulf Cooperation Council Countries”. International Journal of Energy Economics and Policy 7/2 (June 1, 2017): 76-85. https://izlik.org/JA27GK85SN.
JAMA
1.Hassine MB, Harrathi N. The Causal Links between Economic Growth, Renewable Energy, Financial Development and Foreign Trade in Gulf Cooperation Council Countries. IJEEP. 2017;7:76–85.
MLA
Hassine, Mustapha Ben, and Nizar Harrathi. “The Causal Links Between Economic Growth, Renewable Energy, Financial Development and Foreign Trade in Gulf Cooperation Council Countries”. International Journal of Energy Economics and Policy, vol. 7, no. 2, June 2017, pp. 76-85, https://izlik.org/JA27GK85SN.
Vancouver
1.Mustapha Ben Hassine, Nizar Harrathi. The Causal Links between Economic Growth, Renewable Energy, Financial Development and Foreign Trade in Gulf Cooperation Council Countries. IJEEP [Internet]. 2017 Jun. 1;7(2):76-85. Available from: https://izlik.org/JA27GK85SN