Energy consumption and economic growth relationship: Evidence from panel data for low and middle income countries

Öztürk, İlhan; Aslan, Alper; Kalyoncu, Hüseyin

doi:10.1016/j.enpol.2010.03.071

Cited by 423 publications

(194 citation statements)

References 21 publications

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“…This hypothesis suggests that a decline in economic growth will result in a decrease in energy consumption. Findings in Kraft and Kraft (1978), Ozturk, Aslan, and Kalyoncu (2010), and 2015 provide empirical evidence backing the conservation hypothesis.…”

Section: Introductionmentioning

confidence: 66%

A nexus of linear and non‐linear relationships between tourism demand, renewable energy consumption, and economic growth: Theory and evidence

Işık

Doğru

Turk

2017

Journal of Tourism Research

229

118

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The purpose of this study is to examine the relationships between tourism development, renewable energy consumption, and economic growth in the United States, France, Spain, China, Italy, Turkey, and Germany using an innovative bootstrap panel Granger causality model. The results show that tourism development and economic growth are interdependent in Germany; whereas tourism development induces economic growth in China and Turkey, the reverse is true in Spain.Causal relationships between renewable energy and economic growth give credence to theories of renewable energy-led growth in Spain and growth-led renewable energy in China, Turkey, and Germany. Whereas the Italian and U.S. models demonstrate a bidirectional relationship, the Spanish, Italian, Turkish, and U.S. data show a causal link stemming from tourism development.Theoretical and policy implications are discussed within the realm of macroeconomics and sustainability.

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Section: Introductionmentioning

confidence: 66%

A nexus of linear and non‐linear relationships between tourism demand, renewable energy consumption, and economic growth: Theory and evidence

Işık

Doğru

Turk

2017

Journal of Tourism Research

229

118

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“…Also, commercial and industrial consumption is explained by the neutrality hypothesis. Ozturk et al (2010) consumption and GDP for G7 countries using ARDL approach and a newly developed test by Hatemi (2012). The estimates reveal that feedback hypothesis is supported by the majority of the results.…”

Section: Literature Reviewmentioning

confidence: 80%

Renewable energy consumption and economic efficiency: Evidence from European countries

Halkos¹,

Tzeremes²

2013

Journal of Renewable and Sustainable Energy

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This paper examines the relationship between renewable energy consumption and economic efficiency. For this reason conditional Data Envelopment Analysis (DEA) estimators alongside with nonparametric regressions are applied in a sample of 25 European countries for the year 2010. Our results reveal that renewable energy consumption has a positive effect on countries' economic efficiency for lower consumption levels while for higher levels the analysis reveals mixed effects, which are also subject to regional disparities. Finally, it appears that the effect of renewable energy consumption on countries' economic efficiency depends also on countries' specific regional characteristics as well as on the environmental policies adopted.

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“…For instance, while Aqeel and Butt (2008) apply the Hsiao's Granger causality test for Pakistan, Wolde-Rufael (2004) applies the Toda and Yamamoto (1995) causality test and they both find causal relationships from energy consumption to the economic growth. However, Ozturk et al (2010) apply the Panel Granger causality test on 51 low and middle-income countries and find the same relationship from the economic growth to energy consumption. Furthermore, while Chen et al (2007) apply the Panel causality for China and find no causal relationships between energy consumption and economic growth, Yuan et al (2007) apply the Granger causality for the same country and find bidirectional causality between these two variables.…”

Section: Model and Datamentioning

confidence: 88%

Analyzing the Tourism–Energy–Growth Nexus for the Top 10 Most-Visited Countries

2017

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By using the Emirmahmutoglu-Kose bootstrap Granger non-causality method, this study explores the directions of causality among tourist arrivals, tourism receipts, energy consumption and economic growth for the top 10 most-visited countries (France, the USA, Spain, China, Italy, Turkey, Germany, the United Kingdom, Russia, and Mexico) in the world. This study finds a variety of causal directions between the pair of analyzed variables for each country and the panel. Since cross-sectional dependence exists across the top countries for the analyzed variables, the bootstrap Granger causality test that accounts for the mentioned issue in the estimation process presumably produces reliable and accurate outputs. Further results and policy implications are discussed in this empirical study.

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Energy consumption and economic growth relationship: Evidence from panel data for low and middle income countries

Cited by 423 publications

References 21 publications

A nexus of linear and non‐linear relationships between tourism demand, renewable energy consumption, and economic growth: Theory and evidence

A nexus of linear and non‐linear relationships between tourism demand, renewable energy consumption, and economic growth: Theory and evidence

Renewable energy consumption and economic efficiency: Evidence from European countries

Analyzing the Tourism–Energy–Growth Nexus for the Top 10 Most-Visited Countries

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