Natural gas consumption and economic growth nexus: Panel data analysis for GCC countries

dc.authoridAl-mulali, Usama -- 0000-0001-6431-7873; Ozturk, Ilhan -- 0000-0002-6521-0901
dc.contributor.authorÖztürk, İlhan
dc.contributor.authorAl-Mulali, Usama
dc.date.accessioned12.07.201910:50:10
dc.date.accessioned2019-07-12T15:27:58Z
dc.date.available12.07.201910:50:10
dc.date.available2019-07-12T15:27:58Z
dc.date.issued2015
dc.departmentMeslek Yüksekokuluen_US
dc.descriptionWOS: 000364725700007en_US
dc.description.abstractThis study investigates the relationship between natural gas energy consumption and economic growth by including trade openness, total labor force and gross fixed capital formation as a major determinants of GDP growth within the multivariate framework model in Gulf Cooperation Council (GCC) countries. A panel GDP model is constructed taking the period of 1980-2012. The result revealed that natural gas energy consumption is cointegrated with GDP growth in the investigated countries. In addition, based on the panel dynamic ordinary least square (DOLS) and the fully modified ordinary least square (FMOLS), this study concluded that the natural gas energy consumption affects the GCC's countries GDP growth positively in the long run. Furthermore, the results from the Granger causality test revealed bidirectional causality between natural gas energy consumption and GDP growth which confirms the feedback hypothesis. From the outcome of this research, a number of policy implications were provided for the GCC countries.en_US
dc.identifier.doi10.1016/j.rser.2015.07.005
dc.identifier.endpage1003en_US
dc.identifier.issn1364-0321
dc.identifier.scopus2-s2.0-84937907633
dc.identifier.scopusqualityQ1
dc.identifier.startpage998en_US
dc.identifier.urihttps://doi.org/10.1016/j.rser.2015.07.005
dc.identifier.urihttps://hdl.handle.net/20.500.12507/561
dc.identifier.volume51en_US
dc.identifier.wosWOS:000364725700007
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherPERGAMON-ELSEVIER SCIENCE LTDen_US
dc.relation.ispartofRenewable & Sustaınable Energy Revıews
dc.relation.publicationcategoryDiğeren_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectNatural Gas Energy Consumptionen_US
dc.subjectGDP Growthen_US
dc.subjectGCC Countriesen_US
dc.subjectPanel Data Analysisen_US
dc.titleNatural gas consumption and economic growth nexus: Panel data analysis for GCC countries
dc.typeReview Article

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