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. (1385). On The Relationship between Energy Consumption and Real GDP on Iran: An Application of VEC Mode. , 11(16), 141-148. doi: 10.22059/ier.2006.30946
. "On The Relationship between Energy Consumption and Real GDP on Iran: An Application of VEC Mode". , 11, 16, 1385, 141-148. doi: 10.22059/ier.2006.30946
. (1385). 'On The Relationship between Energy Consumption and Real GDP on Iran: An Application of VEC Mode', , 11(16), pp. 141-148. doi: 10.22059/ier.2006.30946
. On The Relationship between Energy Consumption and Real GDP on Iran: An Application of VEC Mode. , 1385; 11(16): 141-148. doi: 10.22059/ier.2006.30946

On The Relationship between Energy Consumption and Real GDP on Iran: An Application of VEC Mode

Iranian Economic Review
مقاله 8، دوره 11، شماره 16، تیر 2006، صفحه 141-148    اصل مقاله (346.98 K)
شناسه دیجیتال (DOI): 10.22059/ier.2006.30946
چکیده
This paper examines the causal relationship between energy use and real GDP for the period 1967-2002 in Iran. The results of Phillips- Perron test indicate that the real GDP and the four categories of energy, i.e. coal, oil, gas, and hydroelectric energy are integrated of order one. Besides, the Johansen — Juselius maximum likelihood co- integration tests imply the existence of Granger causality. The VEC models that have been estimated to test the direction of Granger causality support a unidirectional causality from GDP to energy use in short run.
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