Dergiades, Theologos and Martinopoulos, Georgios and Tsoulfidis, Lefteris (2011): Energy Consumption and Economic Growth: Parametric and NonParametric Causality Testing for the Case of Greece. Published in: Energy Economics , Vol. 36, No. c (15. March 2013): pp. 686697.

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Abstract
The objective of this paper is to contribute to the understanding of the linear and nonlinear causal linkages between total energy consumption and economic activity, making use of annual time series of Greece for the period 19602008. Two are the salient features of our study: first, the total energy consumption has been adjusted for qualitative differences among its constituent components through the thermodynamics of energy conversion. In doing so, we rule out the possibility of a misleading inference due to aggregation bias. Second, the investigation of the causal linkage between economic growth and the adjusted for quality total energy consumption is conducted within a nonlinear context. Our empirical results reveal significant unidirectional both linear and nonlinear causal linkages running from total useful energy to economic growth. These findings may provide valuable information for the contemplation of more effective energy policies with respect to both the consumption of energy and environmental protection.
Item Type:  MPRA Paper 

Original Title:  Energy Consumption and Economic Growth: Parametric and NonParametric Causality Testing for the Case of Greece 
English Title:  Energy Consumption and Economic Growth: Parametric and NonParametric Causality Testing for the Case of Greece 
Language:  English 
Keywords:  Energy consumption; Economic growth; Nonlinear causality. 
Subjects:  C  Mathematical and Quantitative Methods > C1  Econometric and Statistical Methods and Methodology: General > C14  Semiparametric and Nonparametric Methods: General C  Mathematical and Quantitative Methods > C2  Single Equation Models ; Single Variables C  Mathematical and Quantitative Methods > C2  Single Equation Models ; Single Variables > C22  TimeSeries Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes Q  Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4  Energy Q  Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4  Energy > Q43  Energy and the Macroeconomy Q  Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4  Energy > Q48  Government Policy 
Item ID:  51120 
Depositing User:  Dr Theologos Dergiades 
Date Deposited:  03. Nov 2013 10:54 
Last Modified:  03. Nov 2013 11:17 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/51120 