Biomass energy consumption and economic growth: ARDL analysis


BİLDİRİCİ M. E.

ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY, vol.11, no.6, pp.562-568, 2016 (Peer-Reviewed Journal) identifier identifier

  • Publication Type: Article / Article
  • Volume: 11 Issue: 6
  • Publication Date: 2016
  • Doi Number: 10.1080/15567249.2011.649101
  • Journal Name: ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY
  • Journal Indexes: Science Citation Index Expanded, Scopus
  • Page Numbers: pp.562-568
  • Keywords: ARDL, biomass energy consumption, economic growth, Granger Causality test, VEC, BOUNDS TESTING APPROACH, ELECTRICITY CONSUMPTION, COUNTRIES, INDIA, GNP, CAUSALITY, AUSTRALIA, GDP

Abstract

This article investigated the causality relation between biomass energy consumption and economic growth in Australia, Canada, Denmark, Finland, France, Japan, the UK and the US by using the autoregressive distributed lag (ARDL) bounds testing method, and Granger causality test. The dataset covers the 1980-2010 period. For Canada, France, the UK and the US, the results of short-run causality determined the evidence that the conservation hypothesis is supported and the evidence of the growth hypothesis for Australia, Belgium, Finland and Japan. Strong causality results found the evidence of feedback hypothesis for the US, UK, and France.