The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Energy consumption and income in G-7 countries
Open accessAbstract
Abstract Several industrialized countries have signed the Kyoto Protocol, promising to reduce greenhouse gasses (GHG) emissions. To reduce or mitigate such emissions several policies including reducing energy consumption, increasing energy efficiency, decreasing energy intensity and forestation may be possible. The viability and effectiveness of each policy may differ due to country specific factors. This paper tries to assess the impact of a change in energy consumption on income and vice versa in G-7 countries. We employ multivariate cointegration, error correction models and generalized variance decompositions and uncover Granger causality relation between energy consumption and income in all countries. However, the direction of causality seems to differ across countries. This may suggest that although they are at the same level of economic development, different policy alternatives in support of the protocol may be available in each country.
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Cites
Co-integration and error correction: representation, estimation and testing
Engle, R. F., & Granger, C. W. J. (1987) · Econometrica · doi:10.2307/1913236 · Cited by 32,007
Investigating causal relations by econometric models and cross-spectral methods
Granger, C. W. J. (1969) · Econometrica · doi:10.2307/1912791 · Cited by 22,989
Testing the null hypothesis of stationarity against the alternative of a unit root
Kwiatkowski, D., Phillips, P. C. B., Schmidt, P., & Shin, Y. (1992) · Journal of Econometrics · doi:10.1016/0304-4076(92)90104-y · Cited by 12,633
Cited by
Renewable electricity generation and economic growth nexus in developing countries: An ARDL approach
Azam, A., Rafiq, M., Shafique, M., & Yuan, J. (2021) · Economic Research-Ekonomska Istraživanja · doi:10.1080/1331677x.2020.1865180 · Cited by 77
Metadata
- Authors
- Soytas, U., & Sari, R.
- Venue
- Journal of Policy Modeling
- Publisher
- Elsevier BV
- Published
- 2006-10
- Volume
- 28
- Issue
- 7
- Pages
- 739-750
- ISSN
- 0161-8938 (ISSN-L)
- OpenAlex
- W2072224147
- Cited by
- 297
- References
- 3
- FWCI
- 18.32
- Type
- journal article
- Language
- en
- Open access
- green
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