Energy consumption and economic growth: New evidence from the OECD countries
By Giray Gozgor, Chi Keung Marco Lau, Zhou Lu. Energy, 2018
410 citations recorded by the source corpus.
Abstract This paper introduces a growth model that considers the indicator of economic complexity as a measure of capabilities for exporting the high value-added (sophisticated) products. Empirically, the paper analyzes the effects of the renewable and the non-renewable energy consumption on the economic growth in the panel data of 29 Organization for Economic Co-operation and Development (OECD) countries for the period from 1990 to 2013. For this purpose, the paper considers the panel autoregressive distributed lag (ARDL) and the panel quantile regression (PQR) estimations. The paper finds that not only the economic complexity, but also both the non-renewable and the renewable energy consumption are positively associated with a higher rate of economic growth.
Subfields: Business and International Management, Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/f888ce46f23ade745dca73698c8b6280a9cf6e2b
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In Economics and Econometrics
Citations in the corpus
- Relationship Among Economic Growth, Energy Consumption, CO2 Emission, and Urbanization: Evidence From MINT Countries (2020, background): “…and Acaravci (2010) was in agreement with previous studies by revealing a short- and long-run influence of CO2 on the economic growth of Turkey (Gozgor et al., 2018), whereas the same directional relationship was found between energy consumption and CO2 emissions in the work of Jafari et al.…”