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dc.contributor.authorZachariadis, Theodoros-
dc.date.accessioned2012-05-10T09:20:16Zen
dc.date.accessioned2013-05-16T06:25:44Z-
dc.date.accessioned2015-12-02T09:26:55Z-
dc.date.available2012-05-10T09:20:16Zen
dc.date.available2013-05-16T06:25:44Z-
dc.date.available2015-12-02T09:26:55Z-
dc.date.issued2007-11-
dc.identifier.citationEnergy Economics, 2007, vol. 29, no. 6, 1233–1253.en_US
dc.identifier.urihttps://hdl.handle.net/20.500.14279/2139-
dc.description.abstractThere is a rapidly growing literature on the interaction between energy use and economic development, with many analysts drawing policy conclusions on the basis of Granger causality tests that involve only an energy and an economic variable. This paper attempts to demonstrate empirically that such studies, although useful for certain applications, may be of limited use for policy purposes. After outlining theoretical and methodological issues associated with such approaches, I apply bivariate energy–economy causality tests for Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, using aggregate and sectoral data and three different modern econometric methods. The results, which are often contradictory or economically implausible, illustrate explicitly that one should be cautious when drawing policy implications with the aid of bivariate causality tests on small samples. I therefore underline the importance of utilizing as large sample sizes as possible and using multivariate models, which are closer to economic theory, accommodate several mechanisms and causality channels and provide a better representation of real-world interactions between energy use and economic growth.en_US
dc.formatPdfen_US
dc.language.isoenen_US
dc.relation.ispartofEnergy Economicsen_US
dc.rights© Elsevieren_US
dc.subjectGranger causalityen_US
dc.subjectVARen_US
dc.subjectError correctionen_US
dc.subjectARDLen_US
dc.subjectOECDen_US
dc.titleExploring the relationship between energy use and economic growth with bivariate models: New evidence from G-7 countriesen_US
dc.typeArticleen_US
dc.affiliationUniversity of Cyprusen
dc.collaborationUniversity of Cyprusen_US
dc.journalsOpen Accessen_US
dc.countryCyprusen_US
dc.subject.fieldEngineering and Technologyen_US
dc.publicationPeer Revieweden_US
dc.identifier.doi10.1016/j.eneco.2007.05.001en_US
dc.dept.handle123456789/54en
dc.relation.issue6en_US
dc.relation.volume29en_US
cut.common.academicyear2007-2008en_US
dc.identifier.spage1233en_US
dc.identifier.epage1253en_US
item.fulltextNo Fulltext-
item.languageiso639-1en-
item.grantfulltextnone-
item.openairecristypehttp://purl.org/coar/resource_type/c_6501-
item.cerifentitytypePublications-
item.openairetypearticle-
crisitem.author.deptDepartment of Chemical Engineering-
crisitem.author.facultyFaculty of Geotechnical Sciences and Environmental Management-
crisitem.author.orcid0000-0002-9452-3018-
crisitem.author.parentorgFaculty of Geotechnical Sciences and Environmental Management-
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