| ID | 117007 |
| Title Proper | Oil consumption and output |
| Other Title Information | what causes what? Bootstrap panel causality for 49 countries |
| Language | ENG |
| Author | Chu, Hsiao-Ping |
| Publication | 2012. |
| Summary / Abstract (Note) | This study examines the growth, conservation, neutrality and feedback hypotheses for 49 countries during the period from 1970 to 2010 using panel causality analysis: this technique accounts for both dependence and heterogeneity across the countries. The results provide evidence as to the direction of causality between oil consumption and output and are consistent with the neutrality hypothesis for 24 countries, the growth hypothesis for 5 countries, the conservation hypothesis for 13 countries, and the feedback hypothesis for 7 countries. The findings provide important policy implications for the 49 countries under study. |
| `In' analytical Note | Energy Policy Vol. 51; Dec 2012: p.907-915 |
| Journal Source | Energy Policy Vol. 51; Dec 2012: p.907-915 |
| Key Words | Oil Consumption ; Economic Growth ; Bootstrap Panel Causality Test |