Causal relationship between energy and GNP: an international comparison

Journal Article · · J. Energy Dev.; (United States)

OSTI ID:5047993

Yu, E S.H.; Choi, J Y

The purpose of this paper is to extend the analysis of Yu and Hwang (Energy Economics, pp 186-190, July 1984) in two directions. First, the causal relationships between GNP and energy are examined from an international perspective; five countries in various stages of development are selected for the purpose of comparison and generalization. Second, the causal linkage between GNP and the aggregate as well as several disaggregate categories of energy consumption, including solid fuels, liquid fuels, natural gas, and others (i.e., hydro, nuclear and electricity) are studied. A major finding is that the relationship between energy and GNP varies among countries and the results of causality tests are fairly sensitive to samples. In addition, this article presents the average and marginal ratios of GNP to the aggregate and the disaggregate energy consumption for the five selected countries and evaluates their validity and usefulness. Empirical results on the causal relationships between energy and GNP are presented after which the average and the marginal energy-GNP ratios are calculated and their stabilities examined. The conclusions are followed by statistical data. 14 references, 16 tables.

• Research Organization: Louisiana State Univ., Baton Rouge
• OSTI ID: 5047993
• Journal Information: J. Energy Dev.; (United States), Vol. 10:2
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
ENERGY CONSUMPTION
GROSS NATIONAL PRODUCT
ENERGY SOURCES
PHILIPPINES
POLAND
REPUBLIC OF KOREA
UNITED KINGDOM
USA
ASIA
DEVELOPING COUNTRIES
EASTERN EUROPE
EUROPE
ISLANDS
NORTH AMERICA
WESTERN EUROPE
298000* - Energy Planning & Policy- Consumption & Utilization
290200 - Energy Planning & Policy- Economics & Sociology