The causal relationship between biomass energy use and economic growth in the United States

ASLAN A.

RENEWABLE & SUSTAINABLE ENERGY REVIEWS, vol.57, pp.362-366, 2016 (SCI-Expanded) identifier identifier

  • Publication Type: Article / Review
  • Volume: 57
  • Publication Date: 2016
  • Doi Number: 10.1016/j.rser.2015.12.109
  • Journal Name: RENEWABLE & SUSTAINABLE ENERGY REVIEWS
  • Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED), Scopus
  • Page Numbers: pp.362-366
  • Keywords: Biomass, GDP, Renewable energy, RENEWABLE ENERGY, CENTRAL-AMERICA, CO2 EMISSIONS, G7 COUNTRIES, OIL PRICES, CONSUMPTION, OUTPUT, CHINA, NEXUS, MARKET
  • Erciyes University Affiliated: No

Abstract

This paper examines the causality relations among economic growth, biomass energy consumption, employment and capital in the U.S between 1961 and 2011. Using the ARDL bounds testing approach to cointegration, long and short run relationships among the variables are estimated. Long run and short run coefficients indicate that biomass energy consumption has positive impacts on economic growth for the U.S. In addition, the Granger causality results illustrate that unidirectional causality from biomass energy consumption to real GDP supportive of the growth hypothesis. (C) 2015 Elsevier Ltd. All rights reserved.