A VAR Based Study on Energy Consumption and Economic Growth
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Keywords:Energy, VAR, Economic growth, UAE, Energy economics
AbstractEconomic growth and energy consumption are interrelated for an economy and these variables are expected to indicate a positive correlation. This relationship has been probed in the study in the context of the United Arab Emirates for the time period 1996-2020. The study uses basic regression and Vector Auto Regression techniques for analysis. The study found that energy consumption and non-renewable energy consumption are positively correlated, are dependent on the country’s economic growth and this relationship is optimum at a lag of 7 years.
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How to Cite
Alshami, M. (2023). A VAR Based Study on Energy Consumption and Economic Growth. International Journal of Energy Economics and Policy, 13(1), 317–321. https://doi.org/10.32479/ijeep.13767