Re-assessing causality between energy consumption and economic growth
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Otros documentos de la autoría: Ghoshray, Atanu; Mendoza, Yurena; Monfort Bellido, Mercedes; Ordóñez, Javier
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Título
Re-assessing causality between energy consumption and economic growthFecha de publicación
2018Editor
Public Library of ScienceISSN
1932-6203Cita bibliográfica
Ghoshray A, Mendoza Y, Monfort M, Ordoñez J (2018) Re-assessing causality between energy consumption and economic growth. PLoS ONE 13(11): e0205671. https://doi.org/10.1371/ journal.pone.0205671Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0205671Versión
info:eu-repo/semantics/publishedVersionResumen
The energy consumption-growth nexus has been widely studied in the empirical literature,
though results have been inconclusive regarding the direction, or even the existence, of causality. These inconsistent results ... [+]
The energy consumption-growth nexus has been widely studied in the empirical literature,
though results have been inconclusive regarding the direction, or even the existence, of causality. These inconsistent results can be explained by two important limitations of the literature. First, the use of bivariate models, which fail to detect more complex causal relations, or
the ad hoc approach to selecting variables in a multivariate framework; and, second, the use
of linear causal models, which are unable to capture more complex nonlinear causal relationships. In this paper, we aim to overcome both limitations by analysing the energy consumption-growth nexus using a Flexible Fourier form due to Enders and Jones (2016). The
analysis focuses on the US over the period 1949 to 2014. From our results we can conclude
that, where the linear methodology supports the neutrality hypothesis (no causality between
energy consumption and growth), the Flexible Fourier form points to the existence of causality from energy consumption to growth. This is contrary to the linear analysis, suggesting
that lowering energy consumption would adversely affect US economic growth. Thus, by
employing the Flexible Fourier form we find the conclusions can be quite different. [-]
Publicado en
PLoS ONE 13(11): e0205671Proyecto de investigación
ECO2014-58991-C3-2-R ; AEI/ FEDER ECO2017-83255-C3-3-P ; PROMETEO II/2014/053 ; AICO/2016/038 ; P1.1B2014-7 ; UJI-B2017-33Derechos de acceso
info:eu-repo/semantics/openAccess
Aparece en las colecciones
- IEI_Articles [116]
- ECO_Articles [696]
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