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 |
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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