The growth of income and energy consumption in six developing countries

Sari R., Soytas U.

ENERGY POLICY, cilt.35, sa.2, ss.889-898, 2007 (SCI-Expanded) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 35 Sayı: 2
  • Basım Tarihi: 2007
  • Doi Numarası: 10.1016/j.enpol.2006.01.021
  • Dergi Adı: ENERGY POLICY
  • Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Social Sciences Citation Index (SSCI), Scopus
  • Sayfa Sayıları: ss.889-898
  • Anahtar Kelimeler: energy consumption, economic growth, variance decomposition analyses, MULTIVARIATE COINTEGRATION ANALYSIS, IMPULSE-RESPONSE ANALYSIS, EXPORT-LED GROWTH, UNIT-ROOT, ECONOMIC-GROWTH, REAL INCOME, TIME-SERIES, CAUSAL RELATIONSHIP, TEMPORAL CAUSALITY, GDP
  • Orta Doğu Teknik Üniversitesi Adresli: Evet

Özet

This paper reexamines the inter-temporal link between energy consumption and income in six developing countries with diverse economic backgrounds and energy statistics, in a production function framework. We employ the generalized variance decompositions and generalized impulse response techniques to see if the growth of income and energy consumption contains considerable information to predict each other. In all countries, energy appears as an essential factor of production. Results indicate that energy may be a relatively more important input than labor and/or capital in some countries. Hence, neutrality of energy does not seem to hold. (c) 2006 Elsevier Ltd. All rights reserved.