Another Look at the Electricity Consumption-Growth Nexus in South America

作者：Apergis N; Payne J E^*

来源：Energy Sources, Part B: Economics, Planning and Policy , 2013, 8(2): 171-178.

DOI：10.1080/15567249.2011.653474

• electricity consumption
• Grangercausality
• growth
• panel South America

This study estimates a panel error correction model to determine the Granger-causal relationship between renewable and non-renewable electricity consumption and economic growth for South America. The results show a long-run equilibrium relationship between real gross domestic product, renewable electricity consumption, non-renewable electricity consumption, real gross fixed capital formation, and the labor force with the respective long-run coefficient estimates positive and statistically significant. The Granger-causality results indicate bidirectional causality between renewable and non-renewable electricity consumption, respectively and economic growth in both the short-run and long-run.

• 出版日期2013-4-1