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Energy consumption in the US reconsidered. Evidence across sources and economic sectors

Opened Access Energy consumption in the US reconsidered. Evidence across sources and economic sectors

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Autor: Carmona, Mónica
Feria, Julia
Golpe, Antonio A.
Iglesias Garrido, Jesús
Departamento: Universidad de Sevilla. Departamento de Economía Financiera y Dirección de Operaciones
Fecha: 2017
Tipo de documento: Artículo
Resumen: This study analyzes the impact of GDP shocks in USA on primary energy consumption and the reverse impact in a comprehensive and novel framework, distinguishing by economic sectors (commercial, industrial, residential and transportation) and energy source, i.e., total fossil (coal, natural gas and petroleum), nuclear, and renewable (hydroelectric, geothermal and biomass) for the period 1973:1 to 2015:2. To this end, we apply Granger causality analysis through the Hatemi-J [1] and Toda and Yamamoto [2] approaches from a time series perspective to evaluate the existence of asymmetries on this bidirectional relationship. The empirical results suggest that the impact of GDP on primary energy consumption is heterogeneous and energy source-specific, and an asymmetric behavior appears among cycles. Moreover, it seems clear that the US economy is highly dependent on petroleum energy consumption. The renewable energy sources do not seem to show any relationshipsources seem to show no relation...
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Cita: Carmona, M., Feria, J., Golpe, A.A. y Iglesias Garrido, J. (2017). Energy consumption in the US reconsidered. Evidence across sources and economic sectors. Renewable and Sustainable Energy Reviews, 77, 1055-1068.
Tamaño: 1.279Mb
Formato: PDF

URI: https://hdl.handle.net/11441/79350

DOI: 10.1016/j.rser.2016.11.227

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