Abstract The causality relationship between energy consumption and economic growth for Kuwait was investigated in this study, and the impact of increasing local energy prices on Kuwait’s economic growth was examined. Our methodology relied on statistical analyses to study the causality trends between various factors such as GDP; annual oil production; oil-reserves depletion; annual energy consumption; and CO2 annual emission, to formulate a hypothesis that determine the actual causality relationship between GPD and energy consumption without having to use the already-established statistical methods. Results showed no solid foundation to support the application of growth or conservation hypothesis. Results support the neutrality hypothesis which specifies no causality relationship between energy consumption and economic growth (GDP), especially from the year 2007/2008 and beyond, which allows for adopting stricter local-energy prices with no effect on the overall economic growth of the country. Results showed, however, a close relationship between oil exports (sales) and total GDP for Kuwait. The difference between total GDP and oil GDP exactly equals the non-oil related economic growth contribution to the country’s economy. The findings of this study provide reliable and suitable basis for policymaking not only in Kuwait, but also in other single-source oil-producing countries such as GCC countries. Downloads Download data is not yet available. Author Biography Talal AL-Bazali, College of Engineering and Petroleum, Department of Petroleum Engineering, Kuwait University, Kuwait City, Kuwait. Associate Professor Kuwait University College of Engineering and Petroleum Petroleum Engineering Department Downloads FULL TEXT Published 2022-11-28 How to Cite Al-Zuhair, M., & AL-Bazali, T. (2022). Causality Between Energy Consumption and Economic Growth: The Case of Kuwait. International Journal of Energy Economics and Policy, 12(6), 22–29. https://doi.org/10.32479/ijeep.13477 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 12 No. 6 (2022) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Most read articles by the same author(s) Talal AL-Bazali, Mohammad Al-Zuhair, The Use of Fuzzy Logic to Assess Sustainability of Oil and Gas Resources (R/P): Technical, Economic and Political Perspectives , International Journal of Energy Economics and Policy: Vol. 12 No. 2 (2022) Make a Submission Make a Submission Dergi Kapağı
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