Re-evaluating the energy consumption-economic growth nexus for the United States: An asymmetric threshold cointegration analysis

Stavros Kourtzidis, Panayiotis Tzeremes, Nickolaos Tzeremes (Lead / Corresponding author)

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    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 languageEnglish
    Pages (from-to)537-545
    Number of pages9
    JournalEnergy
    Volume148
    Early online date3 Feb 2018
    DOIs
    Publication statusPublished - 1 Apr 2018

    Keywords

    • Asymmetric error correction
    • Economic growth
    • Energy consumption
    • Threshold cointegration
    • United States

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