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    Natural Gas Consumption and Economic Growth: A Panel Investigation of 67 Countries

    Access Status
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    Authors
    Apergis, Nicholas
    Payne, J.
    Date
    2010
    Type
    Journal Article
    
    Metadata
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    Citation
    Apergis, Nicholas and Payne, James E. 2010. Natural Gas Consumption and Economic Growth: A Panel Investigation of 67 Countries. Applied Energy. 87 (8): pp. 2759-2763.
    Source Title
    Applied Energy
    DOI
    10.1016/j.apenergy.2010.01.002
    ISSN
    0306-2619
    URI
    http://hdl.handle.net/20.500.11937/26444
    Collection
    • Curtin Research Publications
    Abstract

    This study examines the relationship between natural gas consumption and economic growth for a panel of 67 countries within a multivariate framework over the period 1992–2005. Pedroni’s [24] and [26] heterogeneous panel cointegration test reveals there is a long-run equilibrium relationship between real GDP, natural gas consumption, real gross fixed capital formation, and the labor force. The results of the panel vector error correction model reveal bidirectional causality between natural gas consumption and economic growth in both the short- and long-run.

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