dc.contributor.author | Dagher, L. |
dc.contributor.author | Yacoubian T. |
dc.contributor.editor | |
dc.date | 2012 |
dc.date.accessioned | 2017-10-03T15:55:05Z |
dc.date.available | 2017-10-03T15:55:05Z |
dc.date.issued | 2012 |
dc.identifier | 10.1016/j.enpol.2012.08.034 |
dc.identifier.isbn | |
dc.identifier.issn | 03014215 |
dc.identifier.uri | http://hdl.handle.net/10938/12981 |
dc.description.abstract | This paper investigates the dynamic causal relationship between energy consumption and economic growth in Lebanon over the period 1980-2009. Within a bivariate framework, imposed on us due to data limitations, and in an effort to increase the robustness of our results, we employ a variety of causality tests, namely, Hsiao, Toda-Yamamoto, and vector error correction based Granger causality tests. We find strong evidence of a bidirectional relationship both in the short-run and in the long-run, indicating that energy is a limiting factor to economic growth in Lebanon. From a policy perspective, the confirmation of the feedback hypothesis warns against the use of policy instruments geared towards restricting energy consumption, as these may lead to adverse effects on economic growth. Consequently, there is a pressing need to revise the current national energy policy that calls for a 5percent energy conservation target. Also, to shield the country from external supply shocks, given its substantial dependence on energy imports, policymakers should emphasize the development of domestic energy resources. Further, the most pertinent implication is that relaxing the present electric capacity shortages should be made a national priority, in view of its potential positive effect on the economy. © 2012 Elsevier Ltd. |
dc.format.extent | |
dc.format.extent | Pages: (795-801) |
dc.language | English |
dc.publisher | OXFORD |
dc.relation.ispartof | Publication Name: Energy Policy; Publication Year: 2012; Volume: 50; Pages: (795-801); |
dc.relation.ispartofseries | |
dc.relation.uri | |
dc.source | Scopus |
dc.subject.other | |
dc.title | The causal relationship between energy consumption and economic growth in Lebanon |
dc.type | Article |
dc.contributor.affiliation | Dagher, L., American University of Beirut, Department of Economics, P.O. Box 11-0236, Riad El-Solh, Beirut 1107 2020, Lebanon |
dc.contributor.affiliation | Yacoubian, T., American University of Beirut, Department of Economics, P.O. Box 11-0236, Riad El-Solh, Beirut 1107 2020, Lebanon |
dc.contributor.authorAddress | Dagher, L.; American University of Beirut, Department of Economics, P.O. Box 11-0236, Riad El-Solh, Beirut 1107 2020, Lebanon; email: ld08@aub.edu.lb |
dc.contributor.authorCorporate | University: American University of Beirut; Faculty: Faculty of Arts and Sciences; Department: Economics; |
dc.contributor.authorDepartment | Economics |
dc.contributor.authorDivision | |
dc.contributor.authorEmail | ld08@aub.edu.lb |
dc.contributor.faculty | Faculty of Arts and Sciences |
dc.contributor.authorInitials | Dagher, L |
dc.contributor.authorInitials | Yacoubian, T |
dc.contributor.authorOrcidID | |
dc.contributor.authorReprintAddress | Dagher, L (reprint author), Amer Univ Beirut, Dept Econ, POB 11-0236, Beirut 11072020, Lebanon. |
dc.contributor.authorResearcherID | |
dc.contributor.authorUniversity | American University of Beirut |
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dc.description.citedCount | 10 |
dc.description.citedTotWOSCount | 6 |
dc.description.citedWOSCount | 6 |
dc.format.extentCount | 7 |
dc.identifier.articleNo | |
dc.identifier.coden | ENPYA |
dc.identifier.pubmedID | |
dc.identifier.scopusID | 84866950474 |
dc.identifier.url | |
dc.publisher.address | THE BOULEVARD, LANGFORD LANE, KIDLINGTON, OXFORD OX5 1GB, OXON, ENGLAND |
dc.relation.ispartofConference | |
dc.relation.ispartofConferenceCode | |
dc.relation.ispartofConferenceDate | |
dc.relation.ispartofConferenceHosting | |
dc.relation.ispartofConferenceLoc | |
dc.relation.ispartofConferenceSponsor | |
dc.relation.ispartofConferenceTitle | |
dc.relation.ispartofFundingAgency | |
dc.relation.ispartOfISOAbbr | Energy Policy |
dc.relation.ispartOfIssue | |
dc.relation.ispartOfPart | |
dc.relation.ispartofPubTitle | Energy Policy |
dc.relation.ispartofPubTitleAbbr | Energy Policy |
dc.relation.ispartOfSpecialIssue | |
dc.relation.ispartOfSuppl | |
dc.relation.ispartOfVolume | 50 |
dc.source.ID | WOS:000310405800073 |
dc.type.publication | Journal |
dc.subject.otherAuthKeyword | Economic growth |
dc.subject.otherAuthKeyword | Energy consumption |
dc.subject.otherAuthKeyword | Granger causality |
dc.subject.otherChemCAS | |
dc.subject.otherIndex | Adverse effect |
dc.subject.otherIndex | Bivariate |
dc.subject.otherIndex | Capacity shortage |
dc.subject.otherIndex | Causal relationships |
dc.subject.otherIndex | Causality test |
dc.subject.otherIndex | Data limitations |
dc.subject.otherIndex | Economic growths |
dc.subject.otherIndex | Energy imports |
dc.subject.otherIndex | Granger Causality |
dc.subject.otherIndex | Granger causality test |
dc.subject.otherIndex | Lebanon |
dc.subject.otherIndex | National energy policy |
dc.subject.otherIndex | Policy instruments |
dc.subject.otherIndex | Policy makers |
dc.subject.otherIndex | Vector e |
dc.subject.otherKeywordPlus | ELECTRICITY CONSUMPTION |
dc.subject.otherKeywordPlus | DEVELOPING-COUNTRIES |
dc.subject.otherKeywordPlus | ERROR-CORRECTION |
dc.subject.otherKeywordPlus | REAL INCOME |
dc.subject.otherKeywordPlus | VECTOR AUTOREGRESSIONS |
dc.subject.otherKeywordPlus | PANEL COINTEGRATION |
dc.subject.otherKeywordPlus | GRANGER CAUSALITY |
dc.subject.otherKeywordPlus | GDP RELATIONSHIP |
dc.subject.otherKeywordPlus | G-7 COUNTRIES |
dc.subject.otherKeywordPlus | PRICES |
dc.subject.otherWOS | Energy and Fuels |
dc.subject.otherWOS | Environmental Sciences |
dc.subject.otherWOS | Environmental Studies |