The nexus of electricity consumption and economic growth in Gulf Cooperation Council economies: evidence from non-stationary panel data methods. Issue 1 (2nd January 2019)

• Record Type: Journal Article
• Authors: Al-Mulali, Usama; Tang, Chor Foon; Tan, Bee Wah; Ozturk, Ilhan
• Is Part Of: Geosystem engineering. Volume 22:Issue 1(2019)
• Page Start: 40
• Page End: 47
• Publication Date: 2019-01-02
• Subjects: Electricity consumption -- economic growth -- Gulf Cooperation Council; Mining engineering -- Periodicals; Petroleum engineering -- Periodicals; Gas engineering -- Periodicals; Geology, Economic -- Periodicals; 620
• DOI: 10.1080/12269328.2018.1521753
• Languages: English
• ISSNs: 1226-9328

Abstract

ABSTRACT: This paper investigates the electricity-growth nexus of Gulf Cooperation Council (GCC) member countries from 1980 to 2014. To achieve the goal of this research, both panel cointegration and causality approaches are utilised to examine the long-term and causal relationships between variables. Empirical results confirm the presence of cointegration between variables. Moreover, this study finds that electricity consumption affects the long-term economic growth. Given that GCC member countries are energy-dependent economies, policies that aim to conserve energy consumption may jeopardise economic growth.