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Modeling Economic Growth and Energy Consumption in Arab Countries: Cointegration and Causality Analysis

Yıl 2014, Cilt: 4 Sayı: 3, 349 - 359, 01.09.2014

Öz

This paper examines the relationship between energy consumption and real economic growth in 17 Arab countries: Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Sudan, Syria, Tunisia, United Arab Emirates and Yemen. It uses an Auto Regressive Distributed Lag (ARDL) model to determine this econometric relationship using data during 1980-2011. After testing for unit root and cointegration, it identifies Granger causality between energy consumption and real economic growth. The analysis allowed for the verification of the four hypotheses that have been discussed widely in economic literature: Neutrality, Conservation, Growth, and Feedback hypotheses. Empirical findings support neutrality hypothesis in 16 out of 17 Arab countries. These findings, of no causality from economic growth to energy consumption and the other way round, imply that energy conservation will not have a significant impact on economic growth and economic growth will have insignificant effect on changes in energy consumption. They also suggest including other more important variables in the determination of economic growth, such as labor and capital.

Yıl 2014, Cilt: 4 Sayı: 3, 349 - 359, 01.09.2014

Öz

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Ayrıntılar

Diğer ID JA28TH92UF
Bölüm Araştırma Makalesi
Yazarlar

Mohammed Issa Shahateet Bu kişi benim

Yayımlanma Tarihi 1 Eylül 2014
Yayımlandığı Sayı Yıl 2014 Cilt: 4 Sayı: 3

Kaynak Göster

APA Shahateet, M. I. (2014). Modeling Economic Growth and Energy Consumption in Arab Countries: Cointegration and Causality Analysis. International Journal of Energy Economics and Policy, 4(3), 349-359.
AMA Shahateet MI. Modeling Economic Growth and Energy Consumption in Arab Countries: Cointegration and Causality Analysis. IJEEP. Eylül 2014;4(3):349-359.
Chicago Shahateet, Mohammed Issa. “Modeling Economic Growth and Energy Consumption in Arab Countries: Cointegration and Causality Analysis”. International Journal of Energy Economics and Policy 4, sy. 3 (Eylül 2014): 349-59.
EndNote Shahateet MI (01 Eylül 2014) Modeling Economic Growth and Energy Consumption in Arab Countries: Cointegration and Causality Analysis. International Journal of Energy Economics and Policy 4 3 349–359.
IEEE M. I. Shahateet, “Modeling Economic Growth and Energy Consumption in Arab Countries: Cointegration and Causality Analysis”, IJEEP, c. 4, sy. 3, ss. 349–359, 2014.
ISNAD Shahateet, Mohammed Issa. “Modeling Economic Growth and Energy Consumption in Arab Countries: Cointegration and Causality Analysis”. International Journal of Energy Economics and Policy 4/3 (Eylül 2014), 349-359.
JAMA Shahateet MI. Modeling Economic Growth and Energy Consumption in Arab Countries: Cointegration and Causality Analysis. IJEEP. 2014;4:349–359.
MLA Shahateet, Mohammed Issa. “Modeling Economic Growth and Energy Consumption in Arab Countries: Cointegration and Causality Analysis”. International Journal of Energy Economics and Policy, c. 4, sy. 3, 2014, ss. 349-5.
Vancouver Shahateet MI. Modeling Economic Growth and Energy Consumption in Arab Countries: Cointegration and Causality Analysis. IJEEP. 2014;4(3):349-5.