Abstract
This paper examines the relationship between energy consumption and economic growth for the United States both at a country and at a sectoral level (Industry, Residential, Electric Power and Transportation) using an asymmetric threshold cointegration approach and monthly data from January 1991 to May 2016. Granger causality tests support a neutrality hypothesis for all sectors, except for the case of total consumption at the country level where a unidirectional causality is running from energy consumption to economic growth.
| Original language | English |
|---|---|
| Pages (from-to) | 537-545 |
| Number of pages | 9 |
| Journal | Energy |
| Volume | 148 |
| Early online date | 3 Feb 2018 |
| DOIs | |
| Publication status | Published - 1 Apr 2018 |
Keywords
- Asymmetric error correction
- Economic growth
- Energy consumption
- Threshold cointegration
- United States
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Profiles
Kourtzidis, Stavros
- University of Dundee School of Business - Lecturer (Teaching and Research)
Person: Academic
Cite this
Kourtzidis, S., Tzeremes, P., & Tzeremes, N. (2018). Re-evaluating the energy consumption-economic growth nexus for the United States: An asymmetric threshold cointegration analysis. Energy, 148, 537-545. https://doi.org/10.1016/j.energy.2018.01.172