Energy consumption and economic growth: New evidence from the OECD countries

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dc.authorid0000-0001-6004-6754
dc.authorid0000-0002-2430-5592
dc.contributor.authorGözgör, Giray
dc.contributor.authorLau, Chi Keung Marco
dc.contributor.authorLu, Zhou
dc.date.accessioned2025-05-10T19:49:23Z
dc.date.issued2018
dc.departmentİMÜ, Fakülteler, Siyasal Bilgiler Fakültesi, Uluslararası İlişkiler Bölümü
dc.description.abstractThis paper introduces a growth model that considers the indicator of economic complexity as a measure of capabilities for exporting the high value-added (sophisticated) products. Empirically, the paper analyzes the effects of the renewable and the non-renewable energy consumption on the economic growth in the panel data of 29 Organization for Economic Co-operation and Development (OECD) countries for the period from 1990 to 2013. For this purpose, the paper considers the panel autoregressive distributed lag (ARDL) and the panel quantile regression (PQR) estimations. The paper finds that not only the economic complexity, but also both the non-renewable and the renewable energy consumption are positively associated with a higher rate of economic growth. (C) 2018 Elsevier Ltd. All rights reserved.
dc.description.sponsorshipNational Social Science Fund of China [16BJY052]
dc.description.sponsorshipThe authors express their deepest gratitude to a Referee of this journal for her/his comments and suggestions that enhanced the merit of this work. Special thanks also go to the Editor who gave us the insightful comments. All remaining errors are ours. The corresponding author thanks the financial support from the National Social Science Fund of China (16BJY052).
dc.identifier.doi10.1016/j.energy.2018.03.158
dc.identifier.endpage34
dc.identifier.issn0360-5442
dc.identifier.issn1873-6785
dc.identifier.scopus2-s2.0-85045285055
dc.identifier.scopusqualityQ1
dc.identifier.startpage27
dc.identifier.urihttps://doi.org/10.1016/j.energy.2018.03.158
dc.identifier.urihttps://hdl.handle.net/20.500.14730/12003
dc.identifier.volume153
dc.identifier.wosWOS:000436651100004
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherPergamon-Elsevier Science Ltd
dc.relation.ispartofEnergy
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WOS_20250302
dc.subjectEnergy consumption
dc.subjectEconomic growth
dc.subjectEnergy-growth nexus
dc.subjectEconomic complexity
dc.subjectPanel ARDL model
dc.subjectPanel quantile regression
dc.titleEnergy consumption and economic growth: New evidence from the OECD countries
dc.typeArticle

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