Journal
ENERGY POLICY
Volume 36, Issue 2, Pages 910-918Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.enpol.2007.10.017
Keywords
OECD countries; electricity consumption; real GDP
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The goal of this paper is to examine any causal effects between electricity consumption and real GDP for 30 OECD countries. We use a bootstrapped causality testing approach and unravel evidence in favour of electricity consumption causing real GDP in Australia, Iceland, Italy, the Slovak Republic, the Czech Republic, Korea, Portugal, and the UK. The implication is that electricity conservation policies will negatively impact real GDP in these countries. However, for the rest of the 22 countries our findings suggest that electricity conversation policies will not affect real GDP. (C) 2007 Elsevier Ltd. All rights reserved.
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