Electricity Consumption and Economic Growth: Analysis and Forecasts using VAR/VEC Approach for Greece with Capital Formation

Electricity Consumption and Economic Growth: Analysis and Forecasts using VAR/VEC Approach for Greece with Capital Formation

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This paper tests for the existence and direction of causality between electricity consumption and real gross domestic product for Greece. The study examines a trivariate system with capital formation for the period 1980-2010. Robust empirical results indicate that all variables are integrated of ord...

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Bibliographic Details
Main Author: Andreas Georgantopoulos
Format: Article
Language:English
Published: EconJournals 2012-01-01
Series:International Journal of Energy Economics and Policy
Subjects:
Electricity consumption
Economic Growth
Capital Formation
Cointegration
Greece
Online Access:http://econjournals.com/index.php/ijeep/article/view/256/154

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