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Nexus between electricity consumption and economic growth: a study of Gibraltar

Kumar, Ronald R. and Stauvermann, P.J. and Patel, Arvind (2015) Nexus between electricity consumption and economic growth: a study of Gibraltar. Economic Change and Restructuring, 48 (2). pp. 119-135. ISSN 1573-9414

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    Abstract

    In this paper, we examine the long-run cointegration relationship between electricity consumption and GDP per capita in Gibraltar over the period 1996–2012. We examine the short-run and long-run and the causality nexus. The results show electricity consumption has a long run association with the output per capita at levels. Moreover, we note a statistically significant coefficient of electricity consumption the short run (0.53) and in the long-run (1.46). Moreover, a unidirectional causality running form electricity consumption to GDP per capita is noted. Hence, electricity consumption causes income growth in the economy and therefore we recommend efficient use of electricity consumption in key productive sectors of the economy as a way forward to spur growth in the small semi-sovereign economy of Gibraltar.

    Item Type: Journal Article
    Additional Information: Online Publication
    Subjects: H Social Sciences > HA Statistics
    H Social Sciences > HB Economic Theory
    Divisions: Faculty of Business and Economics (FBE) > School of Accounting and Finance
    Faculty of Business and Economics (FBE)
    Depositing User: Ronald Kumar
    Date Deposited: 11 Jan 2016 16:05
    Last Modified: 27 Apr 2016 16:50
    URI: http://repository.usp.ac.fj/id/eprint/8653

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