Economic growth and electricity consumption in former Soviet Republics

BİLDİRİCİ M. E., KAYIKCI F.

ENERGY ECONOMICS, cilt.34, sa.3, ss.747-753, 2012 (SSCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 34 Sayı: 3
  • Basım Tarihi: 2012
  • Doi Numarası: 10.1016/j.eneco.2012.02.010
  • Dergi Adı: ENERGY ECONOMICS
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
  • Sayfa Sayıları: ss.747-753
  • Anahtar Kelimeler: Growth, Development, Electricity consumption, Panel ARDL, Pedroni cointegration, Granger causality, ENERGY-CONSUMPTION, PANEL COINTEGRATION, GRANGER CAUSALITY, REAL INCOME, GDP, TESTS, COUNTRIES, TRANSITION, INTENSITY, NEXUS
  • Yıldız Teknik Üniversitesi Adresli: Evet

Özet

This study estimates the causal relationship between electricity consumption and economic growth with annual data for the Commonwealth Independent States countries in three groups of income levels. Empirical results reveal that electricity consumption and GDP are cointegrated for all these countries. Furthermore, there is a unidirectional causality from electricity consumption to GDP for all groups in the long run. Effect of electricity consumption on the GDP is negative for the second group of countries which supports the energy conservation policies, whereas it is positive for the first and third group of countries which supports the growth hypothesis. (C) 2012 Elsevier B.V. All rights reserved.