The relationship between natural gas consumption and economic growth in OPEC members
Yükleniyor...
Dosyalar
Tarih
2016
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
PERGAMON-ELSEVIER SCIENCE LTD
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
The purpose of this study is to examine the relationship between natural gas consumption and economic growth in 12 OPEC member countries for the period of 1980-2012. The paper adopts the panel Granger causality test of Dumitrescu and Hurlin (2012) [21] to assess the causal relationship between natural gas consumption and economic growth. The findings show the evidence of feedback relation between natural gas consumption and economic growth in OPEC members as a panel. However, diverse results are obtained when the member countries are individually examined. The results provide evidence for growth hypothesis in Iraq, Kuwait, Libya, Nigeria and Saudi Arabia, but conservation hypothesis in Algeria, Iran, United Arab Emirates and Venezuela. Further evidence suggests the existence of neutrality hypothesis in Angola and Qatar; and feedback hypothesis in Ecuador
Açıklama
WOS: 000371948100111
Anahtar Kelimeler
Natural Gas Consumption, Economic Growth, Panel Granger Causality, OPEC
Kaynak
Renewable & Sustaınable Energy Revıews
WoS Q Değeri
Q1
Scopus Q Değeri
Q1
Cilt
58
