A new methodological perspective on the impact of energy consumption on economic growth: time series evidence based on the Fourier approximation for solar energy in the US
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Apergis_Bulut_Energy consumption ...
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2021-03-03
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356.5Kb
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Abstract
From the empirical energy literature, it is observed that studies focusing on the energy-economic growth nexus ignore the possible existence of gradual breaks as they employ methods without or with sharp structural breaks. Therefore, one can argue that they may yield biased and inefficient output in the presence of gradual breaks. The goal of this paper is to investigate the impact of solar energy consumption on GDP utilizing quarterly data over the period 1984–2018 for the USA. For this purpose, the paper performs a unit root test and a cointegration test that are based on the Fourier approximation to take gradual breaks into account. The paper also performs the dynamic ordinary least squares estimator to estimate long-run parameters. The findings document that there exists cointegration in the empirical model and that GDP is positively associated with solar energy consumption. Some implications based on the empirical findings are presented in the paper.Citation
Apergis, N., and Bulut, U. (2020). 'A new methodological perspective on the impact of energy consumption on economic growth: time series evidence based on the Fourier approximation for solar energy in the US'. GeoJournal, pp. 1-12.Publisher
SpringerJournal
GeoJournalDOI
10.1007/s10708-020-10171Additional Links
https://link.springer.com/article/10.1007/s10708-020-10171-xType
ArticleLanguage
enISSN
03432521EISSN
15729893ae974a485f413a2113503eed53cd6c53
10.1007/s10708-020-10171
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