Electricity consumption–real GDP causality nexus: Evidence from a bootstrapped causality test for 30 OECD countries

• Main Authors: Paresh Narayan, A Prasad
• Format: Other Non-Article Part of Journal/Newspaper
• Language: unknown
• Published: 2008
• Subjects: Uncategorized; OECD countries; electricity consumption; real GDP; Social Sciences; Science & Technology; Technology; Life Sciences & Biomedicine; Economics; Energy & Fuels; Environmental Sciences; Environmental Studies; Business & Economics; Environmental Sciences & Ecology; ECONOMIC-GROWTH; RESIDENTIAL DEMAND; COINTEGRATION; AUSTRALIA; TURKEY; BOUNDS; INCOME; CHINA; POWER; MODEL; Iceland
• Online Access: http://hdl.handle.net/10536/DRO/DU:30018534; https://figshare.com/articles/journal_contribution/Electricity_consumption_real_GDP_causality_nexus_Evidence_from_a_bootstrapped_causality_test_for_30_OECD_countries/21053563

The goal of this paper is to examine any causal effects between electricity consumption and real GDP for 30 OECD countries. We use a bootstrapped causality testing approach and unravel evidence in favour of electricity consumption causing real GDP in Australia, Iceland, Italy, the Slovak Republic, the Czech Republic, Korea, Portugal, and the UK. The implication is that electricity conservation policies will negatively impact real GDP in these countries. However, for the rest of the 22 countries our findings suggest that electricity conversation policies will not affect real GDP.