Causality between Energy Consumption and GDP: Evidence from ...

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The Surrey Energy Economics Centre (SEEC) consists of members of theDepartment of Economics who work on energy economics, environmental economicsand regulation. The Department of Economics has a long-standing tradition of energyeconomics research from its early origins under the leadership of Professor ColinRobinson. This was consolidated in 1983 when the University established SEEC,with Colin as the Director; to study the economics of energy and energy markets.SEEC undertakes original energy economics research and since being established ithas conducted research across the whole spectrum of energy economics, includingthe international oil market, North Sea oil & gas, UK & international coal, gasprivatisation & regulation, electricity privatisation & regulation, measurement ofefficiency in energy industries, energy & development, energy demand modelling &forecasting, and energy & the environment. SEEC also encompasses the theoreticalresearch on regulation previously housed in the department's Regulation &Competition Research Group (RCPG) that existed from 1998 to 2004.SEEC research output includes SEEDS - Surrey Energy Economic Discussion paperSeries (details at www.seec.surrey.ac.uk/Research/SEEDS.htm) as well as a rangeof other academic papers, books and monographs. SEEC also runs workshops andconferences that bring together academics and practitioners to explore and discussthe important energy issues of the day.SEEC also attracts a large proportion of the department’s PhD students andoversees the MSc in Energy Economics & Policy. Many students have successfullycompleted their MSc and/or PhD in energy economics and gone on to veryinteresting and rewarding careers, both in academia and the energy industry.Enquiries:Director of SEEC and Editor of SEEDS:Lester C HuntSEEC,Department of Economics,University of Surrey,Guildford GU2 7XH,UK.Tel: +44 (0)1483 686956Fax: +44 (0)1483 689548Email: L.Hunt@surrey.ac.ukwww.seec.surrey.ac.uk
defg11111111111111111111111111111111111111111111111111111111111111111111111Surrey Energy Economics Centre (SEEC)Department of EconomicsSEEDS 113ISSN 1749-8384___________________________________________________________CAUSALITY BETWEEN ENERGYCONSUMPTION AND GDP:EVIDENCE FROM 30 OECD AND78 NON-OECD COUNTRIESJaruwan Chontanawat, Lester C. Hunt,and Richard PierseJune 2006___________________________________________________________This paper may not be quoted or reproduced without permission.i
Page 1: SEEDSSurrey Energy EconomicsDiscuss
Page 5 and 6: Causality between Energy Consumptio
Page 7 and 8: Given the importance of this issue
Page 9 and 10: ‘Granger-causality’ implies cau
Page 11 and 12: source of causation and the model w
Page 13 and 14: for various values for n, the numbe
Page 15 and 16: level of significance. 10 From this
Page 17 and 18: Stage 2Furthermore, Table 3 and Tab
Page 19 and 20: E to Y whereas, somewhat surprising
Page 21 and 22: The proportions from the rankings a
Page 23 and 24: discussed by Jumbe (2004), and henc
Page 25 and 26: ReferencesAbosedra, S., Baghestani,
Page 27 and 28: Hwang, D. B. K., Gum, B. (1992) The
Page 29 and 30: Appendix AOECD countries:Non-OECD c
Page 31 and 32: Table 1: Summary of energy-output*
Page 36 and 37: Non-farm Emp. = Non-farm employment
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Table 7 : ContinuedCountries Year L
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Table 7 : ContinuedCountries Year L
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Table 8 :ContinuedCountries Year Co
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Table 9 : Continued.CountriesStage
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SURREYENERGYECONOMICSDISCUSSION PAP
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