Causality between energy and output in the long-run
Abstract
Though there is a very large literature examining whether energy use Granger causes economic output or vice versa, it is fairly inconclusive. Almost all existing studies use relatively short time series, or panels with a relatively small time dimension. We apply Granger causality and cointegration techniques to a Swedish time series dataset spanning 150 years to test whether increases in energy use and energy quality have driven economic growth...
Paper Details
Title
Causality between energy and output in the long-run
Published Date
Sep 1, 2013
Journal
Volume
39
Pages
135 - 146
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