Regime dependent causality relationship between energy consumption and GDP growth: evidence from OECD countries

References

• Abadir, K. M., and W. Distao. 2007. “Testing Joint Hypotheses When One of the Alternatives Is One-sided.” Journal of Econometrics 140: 695–718. doi:10.1016/j.jeconom.2006.07.022.
   Web of Science ®Google Scholar
• Al-Iriani, M. A. 2006. “Energy–GDP Relationship Revisited: An Example from GCC Countries Using Panel Causality.” Energy Policy 34 (17): 3342–3350. doi:10.1016/j.enpol.2005.07.005.
   Web of Science ®Google Scholar
• Apergis, N., and J. E. Payne. 2009. “Energy Consumption and Economic Growth: Evidence from the Commonwealth of Independent States.” Energy Economics 31 (5): 641–647. doi:10.1016/j.eneco.2009.01.011.
   Web of Science ®Google Scholar
• Arac, A., and M. Hasanov. 2014. “Asymmetries in the Dynamic Interrelationship between Energy Consumption and Economic Growth: Evidence from Turkey.” Energy Economics 44: 259–269. doi:10.1016/j.eneco.2014.04.013.
   Web of Science ®Google Scholar
• Asafu-Adjaye, J. 2000. “The Relationship between Energy Consumption, Energy Prices and Economic Growth: Time Series Evidence from Asian Developing Countries.” Energy Economics 22: 615–625. doi:10.1016/S0140-9883(00)00050-5.
   Web of Science ®Google Scholar
• Belke, A., F. Dobnik, and C. Dreger. 2011. “Energy Consumption and Economic Growth: New Insights into the Cointegration Relationship.” Energy Economics 33 (5): 782–789. doi:10.1016/j.eneco.2011.02.005.
   Web of Science ®Google Scholar
• Belloumi, M. 2009. “Energy Consumption and GDP in Tunisia: Cointegration and Causality Analysis.” Energy Policy 37 (7): 2745–2753. doi:10.1016/j.enpol.2009.03.027.
   Web of Science ®Google Scholar
• Chang, Y. 2004. “Bootstrap Unit Root Tests in Panels with Cross-sectional Dependency.” Journal of Econometrics 120: 263–293. doi:10.1016/S0304-4076(03)00214-8.
   Web of Science ®Google Scholar
• Cheng-Lang, Y., H.-P. Lin, and C.-H. Chang. 2010. “b.” Energy Policy 38: 6570–6573. doi:10.1016/j.enpol.2010.08.009.
   Web of Science ®Google Scholar
• Chiou-Wei, S. Z., C.-F. Chen, and Z. Zhu. 2008. “Economic Growth and Energy Consumption Revisited—evidence from Linear and Nonlinear Granger Causality.” Energy Economics 30 (6): 3063–3076. doi:10.1016/j.eneco.2008.02.002.
   Web of Science ®Google Scholar
• Corakci, A., F. Emirmahmutoglu, and T. Omay. 2017. “Re-examining the Real Interest Rate Parity Hypothesis (RIPH) Using Panel Unit Root Tests with Asymmetry and Cross-section Dependence.” Empirica 44: 91–120. doi:10.1007/s10663-015-9312-4.
   Web of Science ®Google Scholar
• Costantini, V., and C. Martini. 2010. “The Causality between Energy Consumption and Economic Growth: A Multi-sectoral Analysis Using Non-stationary Cointegrated Panel Data.” Energy Economics 32 (3): 591–603. doi:10.1016/j.eneco.2009.09.013.
   Web of Science ®Google Scholar
• Davies, R. B. 1987. “Hypothesis Testing When a Nuisance Parameter Is Present under the Alternative.” Biometrika 74: 33–43.
   Web of Science ®Google Scholar
• Emirmahmutoglu, F., and T. Omay. 2014. “Reexamining the PPP Hypothesis: A Nonlinear Asymmetric Heterogeneous Panel Unit Root Test.” Economic Modelling 40: 184–190. doi:10.1016/j.econmod.2014.03.028.
   Web of Science ®Google Scholar
• Halicioglu, F. 2009. “An Econometric Study of CO2 Emissions, Energy Consumption, Income and Foreign Trade in Turkey.” Energy Policy 37 (3): 1156–1164. doi:10.1016/j.enpol.2008.11.012.
   Web of Science ®Google Scholar
• Hansen, B. E. 1999. “Threshold Effects in Non-dynamic Panels: Estimation, Testing, and Inference.” Journal of Econometrics 93 (2): 345–368. doi:10.1016/S0304-4076(99)00025-1.
   Web of Science ®Google Scholar
• Huang, B.-N., M. J. Hwang, and C. W. Yang. 2008. “Does More Energy Consumption Bolster Economic Growth? an Application of the Nonlinear Threshold Regression Model.” Energy Policy 36: 755–767. doi:10.1016/j.enpol.2007.10.023.
   Web of Science ®Google Scholar
• Kraft, J., and A. Kraft. 1978. “On the Relationship between Energy and GNP.” Journal of Energy and Development 3: 401–403.
   Google Scholar
• Lee, C. C. 2005. “Energy Consumption and GDP in Developing Countries: A Cointegrated Panel Analysis.” Energy Economics 27: 415–427. doi:10.1016/j.eneco.2005.03.003.
   Web of Science ®Google Scholar
• Lee, C. C., C. P. Chang, and P. F. Chen. 2008. “Energy–income Causality in OECD Countries Revisited: The Key Role of Capital Stock.” Energy Economics 30: 2359–2373. doi:10.1016/j.eneco.2008.01.005.
   Web of Science ®Google Scholar
• Lee, C. C., and Y. B. Chiu. 2011a. “Nuclear Energy Consumption, Oil Prices, and Economic Growth: Evidence from Highly Industrialized Countries.” Energy Economics 33: 236–248. doi:10.1016/j.eneco.2010.07.001.
   Web of Science ®Google Scholar
• Lee, C. C., and Y. B. Chiu. 2011b. “Oil Prices, Nuclear Energy Consumption and Economic Growth: New Evidence Using a Heterogeneous Panel Analysis.” Energy Policy 39: 2111–2120. doi:10.1016/j.enpol.2011.02.002.
   Web of Science ®Google Scholar
• Luukkonen, R., P. Saikkonen, and T. Terasvirta. 1988. “Testing Linearity against Smooth Transition Autoregressive Models.” Biometrika 75: 491–499. doi:10.1093/biomet/75.3.491.
   Web of Science ®Google Scholar
• Masih, A. M., and R. Masih. 1998. “A Multivariate Cointegrated Modelling Approach in Testing Temporal Causality between Energy Consumption, Real Income and Prices with an Application to Two Asian LDC’s.” Applied Economics 30 (10): 1287–1298. doi:10.1080/000368498324904.
   Web of Science ®Google Scholar
• Mehrara, M. 2007. “Energy Consumption and Economic Growth: The Case of Oil Exporting Countries.” Energy Policy 35: 2939–2945. doi:10.1016/j.enpol.2006.10.018.
   Web of Science ®Google Scholar
• Narayan, P. K., and R. Smyth. 2008. “Energy Consumption and Real GDP in G7 Countries: New Evidence from Panel Cointegration with Structural Breaks.” Energy Economics 30: 2331–2341. doi:10.1016/j.eneco.2007.10.006.
   Web of Science ®Google Scholar
• Omay, T. 2014. “A Survey about Smooth Transition Panel Data Analysis.” Econometrics Letters 1 (1): 18–29.
   Google Scholar
• Omay, T., F. Emirmahmutoglu, and Z. Denaux. 2017. “Nonlinear Error Correction Based Cointegration Test in Panel Data.” Economic Letters 157: 1–4. doi:10.1016/j.econlet.2017.05.017.
   Web of Science ®Google Scholar
• Omay, T., M. Hasanov, and N. Ucar. 2014. “Energy Consumption and Economic Growth: Evidence from Nonlinear Panel Cointegration and Causality Tests.” Applied Econometrics 34: 36–55.
   Google Scholar
• Omay, T., N. Apergis, and H. Ozcelebi. 2015. “Energy Consumption and Growth: New Evidence from a Non-linear Panel and a Sample of Developing Countries.” The Singapore Economic Review 59: 1–30.
   Google Scholar
• Ozturk, I. 2010. “A Literature Survey on Energy–growth Nexus.” Energy Policy 38 (1): 340–349. doi:10.1016/j.enpol.2009.09.024.
   Web of Science ®Google Scholar
• Palm, F. C., S. Smeekes, and J. P. Urbain. 2010. “A Sieve Bootstrap Test for Cointegration in A Conditional Error Correction Model.” Econometric Theory 26: 647–681. doi:10.1017/S0266466609990053.
   Web of Science ®Google Scholar
• Payne, J. E. 2009. “On the Dynamics of Energy Consumption and Output in the US.” Applied Energy 86 (4): 575–577. doi:10.1016/j.apenergy.2008.07.003.
   Web of Science ®Google Scholar
• Pesaran, M. H. 2007. “A Simple Panel Unit Root Test in the Presence of Cross-section Dependence.” Journal of Applied Econometrics 22: 265–312. doi:10.1002/jae.951.
   Web of Science ®Google Scholar
• Pesaran, M. H. 2015. “Testing Weak Cross-sectional Dependence in Large Panels.” Econometric Reviews 34: 1089–1117. doi:10.1080/07474938.2014.956623.
   Web of Science ®Google Scholar
• Smyth, R., and P. K. Narayan. 2015. “Applied Econometrics and Implications for Energy Economics Research.” Energy Economics 50: 351–358. doi:10.1016/j.eneco.2014.07.023.
   Web of Science ®Google Scholar
• Soytas, U., and R. Sari. 2003. “Energy Consumption and GDP: Causality Relationship in G-7 Countries and Emerging Markets.” Energy Economics 25: 33–37. doi:10.1016/S0140-9883(02)00009-9.
   Web of Science ®Google Scholar
• Westerlund, J. 2007. “Testing for Error Correction in Panel Data.” Oxford Bulletin Economic and Statistics 69: 709–748. doi:10.1111/j.1468-0084.2007.00477.x.
   Web of Science ®Google Scholar
• Wolde-Rufael, Y. 2004. “Disaggregated Industrial Energy Consumption and GDP: The Case of Shanghai.” Energy Economics 26: 69–75. doi:10.1016/S0140-9883(03)00032-X.
   Web of Science ®Google Scholar
• World Development Indicators. 2016. “World Bank.” http://data.worldbank.org
   Google Scholar
• Yoo, S. H., and S. J. Ku. 2009. “Causal Relationship between Nuclear Energy Consumption and Economic Growth: A Multi-country Analysis.” Energy Policy 37: 1905–1913. doi:10.1016/j.enpol.2009.01.012.
   Web of Science ®Google Scholar
• Zamani, M. 2007. “Energy Consumption and Economic Activities in Iran.” Energy Economics 29 (6): 1135–1140. doi:10.1016/j.eneco.2006.04.008.
   Web of Science ®Google Scholar