Revisiting Energy-GDP Nexus for the Selected Countries of the Middle East Region | ||
| Iranian Economic Review | ||
| مقاله 6، دوره 18، شماره 3، 2014، صفحه 103-113 اصل مقاله (214.22 K) | ||
| نوع مقاله: Research Paper | ||
| شناسه دیجیتال (DOI): 10.22059/ier.2015.54809 | ||
| نویسندگان | ||
| Eisa Maboudian* 1؛ Khashayar Seyyed Shokri2 | ||
| 1M.A. of Economics, Islamic Azad University, Central Tehran Branch | ||
| 2Assistant Professor; Islamic Azad University, Central Tehran Branch | ||
| چکیده | ||
| This paper investigates the relationship between total energy consumption and GDP in six countries of the Middle East , including Iran,Pakistan,Saudi Arabia,Oman,Bahrain and the United Arab Emirates. The data are annual and spanning the period 1980-2012.We employed Hsiao’s (1981) methodology to examine causality relation between total energy consumption and GDP.The empirical findings show a unidirectional causality relation between total energy consumption and GDP for Iran running from energy to GDP,and supports the growth hypothesis for Iran. For Saudi Arabia there is a unidirectional causality running from GDP to total energy consumption. Therefore we can accept conservation hypothesis about Saudi Arabia.There is bidirectional causality relation for other countries which support the feedback hypothesis about them. | ||
| کلیدواژهها | ||
| Energy consumption؛ GDP؛ Middle East؛ Causality relation | ||
| مراجع | ||
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