The relationship between natural gas consumption and economic growth in OPEC members

Solarin, Sakiru Adebola and Ozturk, Ilhan (2016) The relationship between natural gas consumption and economic growth in OPEC members. Renewable and Sustainable Energy Reviews, 58. pp. 1348-1356. ISSN 1364-0321

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Official URL: http://doi.org/10.1016/j.rser.2015.12.278

Abstract

The purpose of this study is to examine the relationship between natural gas consumption and economic growth in 12 OPEC member countries for the period of 1980–2012. The paper adopts the panel Granger causality test of Dumitrescu and Hurlin (2012) [21] to assess the causal relationship between natural gas consumption and economic growth. The findings show the evidence of feedback relation between natural gas consumption and economic growth in OPEC members as a panel. However, diverse results are obtained when the member countries are individually examined. The results provide evidence for growth hypothesis in Iraq, Kuwait, Libya, Nigeria and Saudi Arabia, but conservation hypothesis in Algeria, Iran, United Arab Emirates and Venezuela. Further evidence suggests the existence of neutrality hypothesis in Angola and Qatar; and feedback hypothesis in Ecuador.

Item Type: Article
Uncontrolled Keywords: Natural gas consumption, Economic growth, Panel Granger causality, OPEC
Subjects: H Social Sciences > HB Economic theory. Demography
Divisions: Faculty of Business (FOB)
Depositing User: Ms Suzilawati Abu Samah
Date Deposited: 02 Feb 2017 05:11
Last Modified: 02 Feb 2017 05:11
URI: http://shdl.mmu.edu.my/id/eprint/6395

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