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Fresh evidence on growth, expenditure and energy debate: GMM, Quantile and Threshold approaches

Adedamola, Qazeem and Mustapha, Ishaq and Masih, Mansur (2018): Fresh evidence on growth, expenditure and energy debate: GMM, Quantile and Threshold approaches.

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Abstract

This study examines the debate on energy consumption, expenditure and growth on different income groups of countries by giving fresh evidence using different techniques. Studying the impact of energy consumption and expenditure on growth using GMM and quantile shows that the high and upper-middle-income groups need to adopt a conservative measure in energy consumption to impact growth, and also spend inappropriately for growth to be impacted. The lower-middle and low-income groups, however, need to channel their expenditure judiciously to spur economic growth. We also examine the threshold of energy-growth relationship by using a simple threshold technique. The results are presented, and suggestions are made to the policymakers.

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