Filters: Tags: Granger-causality (X)
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This empirical note examines the relationship between nuclear energy consumption growth and real gross domestic product (GDP) growth within a neoclassical production function framework for the US using annual data from 1957 to 2006. The Toda-Yamamoto (1995) test for long-run Granger-causality reveals the absence of Granger-causality between nuclear energy consumption growth and real GDP growth which supports the neutrality hypothesis within the energy consumption-economic growth literature. [ABSTRACT FROM AUTHOR] Copyright of Energy Sources Part B: Economics, Planning & Policy is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites or posted to a listserv without the...
Categories: Publication;
Types: Citation;
Tags: CONSUMPTION (Economics),
GROSS domestic product,
Granger-causality,
NEUTRALITY,
NUCLEAR energy,
Thuis empirical note provides a disaggregated analysis of the causal relationship between fossil fuel consumption and real gross domestic product (GDP) in the US using annual data from 1949 to 2006. The Toda-Yamamoto long-run causality tests reveal the absence of Granger-causality between coal consumption and real GDP; positive undirectional causality from real GDP to natural gas consumption; and positive undirectional causality from petroleum consumption to real GDP.
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