Atıf Sayısı
2
Görüntüleme
103
İndirme
40
Understanding the relationship between energy consumption and economic growth is an important issue to ensure the persistence of the targeted sustainable economic growth. The importance of energy in economic development and sustaining renewable and consumable energy sources is triggered the empirical examination of causal relation between energy consumption and economic growth. To this end this study examines the causality and cointegration relationship between alternative and nuclear energy consumption and economic growth for the period 1970-2015 in France. The Johansen cointegration results indicate that the variables are cointegrated in the long-run. The Toda-Yamamoto causality results, on the other hand, indicate unidirectional causality running from alternative and nuclear energy to economic growth. This result reveals the necessity of energy consumption for sustainable growth in France. As a result of this finding, which supports the growth hypothesis that decrease in energy consumption decreases growth, it is clear that the energy saving policies implemented by policy makers to reduce nuclear energy consumption will have negative effects on economic growth in France.
Understanding the relationship between energy consumption and economic growth is an important issue to ensure the persistence of the targeted sustainable economic growth. The importance of energy in economic development and sustaining renewable and consumable energy sources is triggered by the empirical examination of the causal relationship between energy consumption and economic growth. To this end this study examines the causality and cointegration relationship between alternative and nuclear energy consumption and economic growth for the period 1970-2015 in France. The Johansen cointegration results indicate that the variables are cointegrated in the long-run. The Toda-Yamamoto causality results, on the other hand, indicate unidirectional causality running from alternative and nuclear energy to economic growth. This result reveals the necessity of energy consumption for sustainable growth in France. As a result of this finding, which supports the growth hypothesis that decreases in energy consumption decreases growth, it is clear that the energy saving policies implemented by policy makers to reduce nuclear energy consumption will have negative effects on economic growth in France.
Alan : Sosyal, Beşeri ve İdari Bilimler
Dergi Türü : Uluslararası
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