Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/57536
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dc.contributor.authorGross, Christianen_US
dc.date.accessioned2011-05-25en_US
dc.date.accessioned2012-04-24T15:44:00Z-
dc.date.available2012-04-24T15:44:00Z-
dc.date.issued2011en_US
dc.identifier.piurn:nbn:de:gbv:27-20110630-114125-0en_US
dc.identifier.urihttp://hdl.handle.net/10419/57536-
dc.description.abstractThe rapidly growing literature on the relationship between energy consumption and economic growth has not univocally identified the real causal relationship yet. We argue that bivariate models, which analyze the causality at the level of the total economy, are not appropriate - especially in cases where both variables do not cover the same scope of economic activity. After discussing appropriate pairs of variables, we investigate Granger causality between energy consumption and GDP in the U.S. for the period from 1970 to 2007 for three sectors - industry, commercial sector, transport as well as for the total economy. The choice of additional variables is based on major findings from the Environmental Kuznets curve literature and its critical reflections. Using the recently developed ARDL bounds testing approach by Pesaran and Shin (1999) and Pesaran et al. (2001), we find evidence for long-run Granger causality for the commercial sector, in case energy is the dependent variable, as well as bi-directional long-run Granger causality for the transport sector. We conclude that controlling for trade as well as increasing energy productivity significantly improves the fit of several extensions of the bivariate model.en_US
dc.language.isoengen_US
dc.publisher|aMax-Planck-Inst. für Ökonomik |cJenaen_US
dc.relation.ispartofseries|aPapers on economics and evolution |x1104en_US
dc.subject.jelQ4en_US
dc.subject.jelC3en_US
dc.subject.ddc330en_US
dc.subject.keywordenergyen_US
dc.subject.keywordgrowthen_US
dc.subject.keywordmultivariate ARDLen_US
dc.subject.keywordcointegrationen_US
dc.subject.keywordgranger causalityen_US
dc.subject.stwEnergiekonsumen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwMehr-Sektoren-Modellen_US
dc.subject.stwMultivariate Analyseen_US
dc.subject.stwKausalanalyseen_US
dc.subject.stwSchätzungen_US
dc.subject.stwUSAen_US
dc.titleExplaining the (non-) causality between energy and economic growth in the US: A multivariate sectoral analysisen_US
dc.typeWorking Paperen_US
dc.identifier.ppn660145588en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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