Causality between Energy Consumption and GDP: Evidence from ...
Causality between Energy Consumption and GDP: Evidence from ...
Causality between Energy Consumption and GDP: Evidence from ...
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Table 1: Summary of energy-output* causality studiesStudies Countries Methodology PeriodResults<strong>Energy</strong> → OutputOutput → <strong>Energy</strong>1. Kraft & Kraft (1978) USA Sims 1947-1974 - GNP→E2. Akarca & Long (1979) USA Granger 1/1973-3/1978E→Emp.(-) -(monthly)3. Yu & Hwang (1984) USA Sims, Granger:1. E ,GNP1947-1979--2. E, Employment1948-1979-Emp.→E (Sims)4. Yu & Choi (1985) -USA-UK-Pol<strong>and</strong>-S.Korea-PhilippinesSims, Granger 1950-1976 -Gas→GNP-Liquid fuels→GNPE→GNP---GNP→E-5.Erol & Yu (1987) USA Sims :1/73-6/84 (monthly) - -6. Erol & Yu (1988) -Japan-West Germany-Italy-Canada-France-UK(E, Emp.)Granger, Sims 1950-19821952-19821950-19731950-19821950-19731950-19821952-19821950-19731950-19821950-19731950-19821950-19731950-19821950-1973E→GNP-------E→GNP----E→GNPGNP→EGNP→EGNP→EGNP→E-GNP→E--------Page 27 of 58