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

Okyay Ucan; Ebru Arıcıoglu; Fatih Yucel

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

Year 2014, Volume: 4 Issue: 3, 411 - 419, 01.09.2014

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

renewable energy consumption, non-renewable energy consumption, growth

Year 2014, Volume: 4 Issue: 3, 411 - 419, 01.09.2014

Okyay Ucan Ebru Arıcıoglu Fatih Yucel

Abstract

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Details

Other ID	JA82HN66EJ
Journal Section	Research Article
Authors	Okyay Ucan This is me Ebru Arıcıoglu This is me Fatih Yucel This is me
Publication Date	September 1, 2014
Published in Issue	Year 2014 Volume: 4 Issue: 3

Cite

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.
AMA	Ucan O, Arıcıoglu E, Yucel F. Energy Consumption and Economic Growth Nexus: Evidence from Developed Countries in Europe. IJEEP. September 2014;4(3):411-419.
Chicago	Ucan, Okyay, Ebru Arıcıoglu, and Fatih Yucel. “Energy Consumption and Economic Growth Nexus: Evidence from Developed Countries in Europe”. International Journal of Energy Economics and Policy 4, no. 3 (September 2014): 411-19.
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	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, 2014.
ISNAD	Ucan, Okyay et al. “Energy Consumption and Economic Growth Nexus: Evidence from Developed Countries in Europe”. International Journal of Energy Economics and Policy 4/3 (September 2014), 411-419.
JAMA	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, 2014, pp. 411-9.
Vancouver	Ucan O, Arıcıoglu E, Yucel F. Energy Consumption and Economic Growth Nexus: Evidence from Developed Countries in Europe. IJEEP. 2014;4(3):411-9.