Energy consumption and economic growth in New Zealand: Results of trivariate and multivariate models
This study examines the energy consumption–growth nexus in New Zealand. Causal linkages between energy and macroeconomic variables are investigated using trivariate demand-side and multivariate production models. Long run and short run relationships are estimated for the period 1960–2004. The estima...
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| Veröffentlicht in: | Energy policy 2010-07, Vol.38 (7), p.3508-3517 |
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| creator | Bartleet, Matthew Gounder, Rukmani |
| description | This study examines the energy consumption–growth nexus in New Zealand. Causal linkages between energy and macroeconomic variables are investigated using trivariate demand-side and multivariate production models. Long run and short run relationships are estimated for the period 1960–2004. The estimated results of demand model reveal a long run relationship between energy consumption, real GDP and energy prices. The short run results indicate that real GDP Granger-causes energy consumption without feedback, consistent with the proposition that energy demand is a derived demand. Energy prices are found to be significant for energy consumption outcomes. Production model results indicate a long run relationship between real GDP, energy consumption and employment. The Granger-causality is found from real GDP to energy consumption, providing additional evidence to support the neoclassical proposition that energy consumption in New Zealand is fundamentally driven by economic activities. Inclusion of capital in the multivariate production model shows short run causality from capital to energy consumption. Also, changes in real GDP and employment have significant predictive power for changes in real capital. |
| doi_str_mv | 10.1016/j.enpol.2010.02.025 |
| format | Article |
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Causal linkages between energy and macroeconomic variables are investigated using trivariate demand-side and multivariate production models. Long run and short run relationships are estimated for the period 1960–2004. The estimated results of demand model reveal a long run relationship between energy consumption, real GDP and energy prices. The short run results indicate that real GDP Granger-causes energy consumption without feedback, consistent with the proposition that energy demand is a derived demand. Energy prices are found to be significant for energy consumption outcomes. Production model results indicate a long run relationship between real GDP, energy consumption and employment. The Granger-causality is found from real GDP to energy consumption, providing additional evidence to support the neoclassical proposition that energy consumption in New Zealand is fundamentally driven by economic activities. Inclusion of capital in the multivariate production model shows short run causality from capital to energy consumption. Also, changes in real GDP and employment have significant predictive power for changes in real capital.</description><identifier>ISSN: 0301-4215</identifier><identifier>EISSN: 1873-6777</identifier><identifier>DOI: 10.1016/j.enpol.2010.02.025</identifier><identifier>CODEN: ENPYAC</identifier><language>eng</language><publisher>Kidlington: Elsevier Ltd</publisher><subject>Applied sciences ; Causality ; Demand ; Economic activity ; Economic data ; Economic growth ; Economic models ; Economics ; Economics growth ; Employment ; Energy ; Energy consumption ; Energy consumption Economics growth Trivariate and Multivariate Models ; Energy economics ; Energy policy ; Energy prices ; Energy use ; Exact sciences and technology ; GDP ; General, economic and professional studies ; Gross Domestic Product ; Marketing ; Mathematical models ; Methodology. Modelling ; Multivariate analysis ; New Zealand ; Nexus ; Studies ; Trivariate and Multivariate Models</subject><ispartof>Energy policy, 2010-07, Vol.38 (7), p.3508-3517</ispartof><rights>2010 Elsevier Ltd</rights><rights>2015 INIST-CNRS</rights><rights>Copyright Elsevier Science Ltd. Jul 2010</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c654t-b5059cc901dbaad1ec3883b35ba562bfb8b4916d0145d05c667dc80974073d093</citedby><cites>FETCH-LOGICAL-c654t-b5059cc901dbaad1ec3883b35ba562bfb8b4916d0145d05c667dc80974073d093</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://dx.doi.org/10.1016/j.enpol.2010.02.025$$EHTML$$P50$$Gelsevier$$H</linktohtml><link.rule.ids>314,780,784,3550,4008,27866,27924,27925,45995</link.rule.ids><backlink>$$Uhttp://pascal-francis.inist.fr/vibad/index.php?action=getRecordDetail&idt=22823354$$DView record in Pascal Francis$$Hfree_for_read</backlink><backlink>$$Uhttp://econpapers.repec.org/article/eeeenepol/v_3a38_3ay_3a2010_3ai_3a7_3ap_3a3508-3517.htm$$DView record in RePEc$$Hfree_for_read</backlink></links><search><creatorcontrib>Bartleet, Matthew</creatorcontrib><creatorcontrib>Gounder, Rukmani</creatorcontrib><title>Energy consumption and economic growth in New Zealand: Results of trivariate and multivariate models</title><title>Energy policy</title><description>This study examines the energy consumption–growth nexus in New Zealand. Causal linkages between energy and macroeconomic variables are investigated using trivariate demand-side and multivariate production models. Long run and short run relationships are estimated for the period 1960–2004. The estimated results of demand model reveal a long run relationship between energy consumption, real GDP and energy prices. The short run results indicate that real GDP Granger-causes energy consumption without feedback, consistent with the proposition that energy demand is a derived demand. Energy prices are found to be significant for energy consumption outcomes. Production model results indicate a long run relationship between real GDP, energy consumption and employment. The Granger-causality is found from real GDP to energy consumption, providing additional evidence to support the neoclassical proposition that energy consumption in New Zealand is fundamentally driven by economic activities. Inclusion of capital in the multivariate production model shows short run causality from capital to energy consumption. Also, changes in real GDP and employment have significant predictive power for changes in real capital.</description><subject>Applied sciences</subject><subject>Causality</subject><subject>Demand</subject><subject>Economic activity</subject><subject>Economic data</subject><subject>Economic growth</subject><subject>Economic models</subject><subject>Economics</subject><subject>Economics growth</subject><subject>Employment</subject><subject>Energy</subject><subject>Energy consumption</subject><subject>Energy consumption Economics growth Trivariate and Multivariate Models</subject><subject>Energy economics</subject><subject>Energy policy</subject><subject>Energy prices</subject><subject>Energy use</subject><subject>Exact sciences and technology</subject><subject>GDP</subject><subject>General, economic and professional studies</subject><subject>Gross Domestic Product</subject><subject>Marketing</subject><subject>Mathematical models</subject><subject>Methodology. Modelling</subject><subject>Multivariate analysis</subject><subject>New Zealand</subject><subject>Nexus</subject><subject>Studies</subject><subject>Trivariate and Multivariate Models</subject><issn>0301-4215</issn><issn>1873-6777</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2010</creationdate><recordtype>article</recordtype><sourceid>X2L</sourceid><sourceid>7TQ</sourceid><recordid>eNqFkk2LFDEQhhtRcFz9BV4aQfQyY6WTdNKCh2VZP2BQEL14CemkZjdDd6dNemaZf2_1zDIHD7uhKoGq560USRXFawYrBqz-sF3hMMZuVQFFoCKTT4oF04ova6XU02IBHNhSVEw-L17kvAUAoRuxKPz1gOnmULo45F0_TiEOpR18iRSIfXDlTYp3020ZhvI73pV_0HaU_lj-xLzrplzGTTmlsLcp2AmPyp7i50AfPXb5ZfFsY7uMr-7Pi-L35-tfV1-X6x9fvl1drpeulmJathJk41wDzLfWeoaOa81bLlsr66rdtLoVDas9MCE9SFfXyjsNjRKguIeGXxTvTnXHFP_uME-mD9lhRy1j3GXTMA1cS109SirJdSW5ZI-TQihQDZtvf_8gyegnGOcg68fReiYZF5LQN_-h27hLAz2jkaC0ZqA5QfwEuRRzTrgxYwq9TQfDwMwTYrbmOCFmnhADFdlcen1SJRzRnSVIa8AZ3htuuabtQH5UchvIFfk45yRQVjJlbqeeyr2979RmZ7tNsoML-Vy2qujduRTEfTpxNBm4D5hMdgEHhz4kdJPxMTzY9j95PeoK</recordid><startdate>20100701</startdate><enddate>20100701</enddate><creator>Bartleet, Matthew</creator><creator>Gounder, Rukmani</creator><general>Elsevier Ltd</general><general>Elsevier</general><general>Elsevier Science Ltd</general><scope>IQODW</scope><scope>DKI</scope><scope>X2L</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>7SP</scope><scope>7TA</scope><scope>7TB</scope><scope>7TQ</scope><scope>8BJ</scope><scope>8FD</scope><scope>DHY</scope><scope>DON</scope><scope>F28</scope><scope>FQK</scope><scope>FR3</scope><scope>H8D</scope><scope>JBE</scope><scope>JG9</scope><scope>KR7</scope><scope>L7M</scope><scope>7SU</scope><scope>C1K</scope><scope>7ST</scope><scope>7U6</scope><scope>SOI</scope></search><sort><creationdate>20100701</creationdate><title>Energy consumption and economic growth in New Zealand: Results of trivariate and multivariate models</title><author>Bartleet, Matthew ; Gounder, Rukmani</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c654t-b5059cc901dbaad1ec3883b35ba562bfb8b4916d0145d05c667dc80974073d093</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2010</creationdate><topic>Applied sciences</topic><topic>Causality</topic><topic>Demand</topic><topic>Economic activity</topic><topic>Economic data</topic><topic>Economic growth</topic><topic>Economic models</topic><topic>Economics</topic><topic>Economics growth</topic><topic>Employment</topic><topic>Energy</topic><topic>Energy consumption</topic><topic>Energy consumption Economics growth Trivariate and Multivariate Models</topic><topic>Energy economics</topic><topic>Energy policy</topic><topic>Energy prices</topic><topic>Energy use</topic><topic>Exact sciences and technology</topic><topic>GDP</topic><topic>General, economic and professional studies</topic><topic>Gross Domestic Product</topic><topic>Marketing</topic><topic>Mathematical models</topic><topic>Methodology. Modelling</topic><topic>Multivariate analysis</topic><topic>New Zealand</topic><topic>Nexus</topic><topic>Studies</topic><topic>Trivariate and Multivariate Models</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Bartleet, Matthew</creatorcontrib><creatorcontrib>Gounder, Rukmani</creatorcontrib><collection>Pascal-Francis</collection><collection>RePEc IDEAS</collection><collection>RePEc</collection><collection>CrossRef</collection><collection>Electronics & Communications Abstracts</collection><collection>Materials Business File</collection><collection>Mechanical & Transportation Engineering Abstracts</collection><collection>PAIS Index</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>Technology Research Database</collection><collection>PAIS International</collection><collection>PAIS International (Ovid)</collection><collection>ANTE: Abstracts in New Technology & Engineering</collection><collection>International Bibliography of the Social Sciences</collection><collection>Engineering Research Database</collection><collection>Aerospace Database</collection><collection>International Bibliography of the Social Sciences</collection><collection>Materials Research Database</collection><collection>Civil Engineering Abstracts</collection><collection>Advanced Technologies Database with Aerospace</collection><collection>Environmental Engineering Abstracts</collection><collection>Environmental Sciences and Pollution Management</collection><collection>Environment Abstracts</collection><collection>Sustainability Science Abstracts</collection><collection>Environment Abstracts</collection><jtitle>Energy policy</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Bartleet, Matthew</au><au>Gounder, Rukmani</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Energy consumption and economic growth in New Zealand: Results of trivariate and multivariate models</atitle><jtitle>Energy policy</jtitle><date>2010-07-01</date><risdate>2010</risdate><volume>38</volume><issue>7</issue><spage>3508</spage><epage>3517</epage><pages>3508-3517</pages><issn>0301-4215</issn><eissn>1873-6777</eissn><coden>ENPYAC</coden><abstract>This study examines the energy consumption–growth nexus in New Zealand. Causal linkages between energy and macroeconomic variables are investigated using trivariate demand-side and multivariate production models. Long run and short run relationships are estimated for the period 1960–2004. The estimated results of demand model reveal a long run relationship between energy consumption, real GDP and energy prices. The short run results indicate that real GDP Granger-causes energy consumption without feedback, consistent with the proposition that energy demand is a derived demand. Energy prices are found to be significant for energy consumption outcomes. Production model results indicate a long run relationship between real GDP, energy consumption and employment. The Granger-causality is found from real GDP to energy consumption, providing additional evidence to support the neoclassical proposition that energy consumption in New Zealand is fundamentally driven by economic activities. Inclusion of capital in the multivariate production model shows short run causality from capital to energy consumption. Also, changes in real GDP and employment have significant predictive power for changes in real capital.</abstract><cop>Kidlington</cop><pub>Elsevier Ltd</pub><doi>10.1016/j.enpol.2010.02.025</doi><tpages>10</tpages></addata></record> |
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| source | RePEc; Elsevier ScienceDirect Journals Complete; PAIS Index |
| subjects | Applied sciences Causality Demand Economic activity Economic data Economic growth Economic models Economics Economics growth Employment Energy Energy consumption Energy consumption Economics growth Trivariate and Multivariate Models Energy economics Energy policy Energy prices Energy use Exact sciences and technology GDP General, economic and professional studies Gross Domestic Product Marketing Mathematical models Methodology. Modelling Multivariate analysis New Zealand Nexus Studies Trivariate and Multivariate Models |
| title | Energy consumption and economic growth in New Zealand: Results of trivariate and multivariate models |
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