Electricity consumption and economic growth in Spain

摘要

This article investigates linear and nonlinear causality between electricity consumption and economic growth in Spain for the period 1971 to 2005. We use the methodology of Toda and Yamamoto (199521. Toda, H. Y. and Yamamoto, T. 1995. Statistical inference in vector autoregressions with possibly integrated process. Journal of Econometrics , 66: 225-50. [CrossRef], [Web of Science ®]View all references) and Dolado and Lütkepohl (19964. Dolado, J. J. and Lütkepohl, H. 1996. Making Wald test work for cointegrated VAR systems. Econometric Reviews , 15: 369-86. [Taylor & Francis Online]View all references). We also apply the standard Granger causality test in a vector autoregression for the series in first differences. We find unidirectional linear causality running from real GDP to electricity consumption. By contrast, we find no evidence of nonlinear Granger causality between the series in either direction.View full textDownload full textRelated var addthis_config = { ui_cobrand: "Taylor & Francis Online", services_compact: "citeulike,netvibes,twitter,technorati,delicious,linkedin,facebook,stumbleupon,digg,google,more", pubid: "ra-4dff56cd6bb1830b" }; Add to shortlist Link Permalink http://dx.doi.org/10.1080/13504850903018689