The causal relationship between energy consumption and economic growth in Lebanon
This paper investigates the dynamic causal relationship between energy consumption and economic growth in Lebanon over the period 1980–2009. Within a bivariate framework, imposed on us due to data limitations, and in an effort to increase the robustness of our results, we employ a variety of causali...
محفوظ في:
| المؤلف الرئيسي: | |
|---|---|
| مؤلفون آخرون: | |
| التنسيق: | article |
| منشور في: |
2012
|
| الوصول للمادة أونلاين: | http://hdl.handle.net/10725/17882 https://doi.org/10.1016/j.enpol.2012.08.034 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.sciencedirect.com/science/article/abs/pii/S0301421512007161 |
| الوسوم: |
إضافة وسم
لا توجد وسوم, كن أول من يضع وسما على هذه التسجيلة!
|
| _version_ | 1864513476269965312 |
|---|---|
| author | Dagher, Leila |
| author2 | Yacoubian, Talar |
| author2_role | author |
| author_facet | Dagher, Leila Yacoubian, Talar |
| author_role | author |
| dc.creator.none.fl_str_mv | Dagher, Leila Yacoubian, Talar |
| dc.date.none.fl_str_mv | 2012 2012-11 2026-04-07T09:54:38Z 2026-04-07T09:54:38Z |
| dc.identifier.none.fl_str_mv | 0301-4215 http://hdl.handle.net/10725/17882 https://doi.org/10.1016/j.enpol.2012.08.034 Dagher, L., & Yacoubian, T. (2012). The causal relationship between energy consumption and economic growth in Lebanon. Energy policy, 50, 795-801. http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.sciencedirect.com/science/article/abs/pii/S0301421512007161 |
| dc.language.none.fl_str_mv | en |
| dc.relation.none.fl_str_mv | Energy Policy |
| dc.rights.*.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.title.none.fl_str_mv | The causal relationship between energy consumption and economic growth in Lebanon |
| dc.type.none.fl_str_mv | Article info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/article |
| description | This paper investigates the dynamic causal relationship between energy consumption and economic growth in Lebanon over the period 1980–2009. Within a bivariate framework, imposed on us due to data limitations, and in an effort to increase the robustness of our results, we employ a variety of causality tests, namely, Hsiao, Toda-Yamamoto, and vector error correction based Granger causality tests. We find strong evidence of a bidirectional relationship both in the short-run and in the long-run, indicating that energy is a limiting factor to economic growth in Lebanon. From a policy perspective, the confirmation of the feedback hypothesis warns against the use of policy instruments geared towards restricting energy consumption, as these may lead to adverse effects on economic growth. Consequently, there is a pressing need to revise the current national energy policy that calls for a 5% energy conservation target. Also, to shield the country from external supply shocks, given its substantial dependence on energy imports, policymakers should emphasize the development of domestic energy resources. Further, the most pertinent implication is that relaxing the present electric capacity shortages should be made a national priority, in view of its potential positive effect on the economy. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | LAURepo_c5a57223cd6f9c6ee2f4fb344e110121 |
| identifier_str_mv | 0301-4215 Dagher, L., & Yacoubian, T. (2012). The causal relationship between energy consumption and economic growth in Lebanon. Energy policy, 50, 795-801. |
| language_invalid_str_mv | en |
| network_acronym_str | LAURepo |
| network_name_str | Lebanese American University repository |
| oai_identifier_str | oai:laur.lau.edu.lb:10725/17882 |
| publishDate | 2012 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| spelling | The causal relationship between energy consumption and economic growth in LebanonDagher, LeilaYacoubian, TalarThis paper investigates the dynamic causal relationship between energy consumption and economic growth in Lebanon over the period 1980–2009. Within a bivariate framework, imposed on us due to data limitations, and in an effort to increase the robustness of our results, we employ a variety of causality tests, namely, Hsiao, Toda-Yamamoto, and vector error correction based Granger causality tests. We find strong evidence of a bidirectional relationship both in the short-run and in the long-run, indicating that energy is a limiting factor to economic growth in Lebanon. From a policy perspective, the confirmation of the feedback hypothesis warns against the use of policy instruments geared towards restricting energy consumption, as these may lead to adverse effects on economic growth. Consequently, there is a pressing need to revise the current national energy policy that calls for a 5% energy conservation target. Also, to shield the country from external supply shocks, given its substantial dependence on energy imports, policymakers should emphasize the development of domestic energy resources. Further, the most pertinent implication is that relaxing the present electric capacity shortages should be made a national priority, in view of its potential positive effect on the economy.Published2026-04-07T09:54:38Z2026-04-07T09:54:38Z20122012-11Articleinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article0301-4215http://hdl.handle.net/10725/17882https://doi.org/10.1016/j.enpol.2012.08.034Dagher, L., & Yacoubian, T. (2012). The causal relationship between energy consumption and economic growth in Lebanon. Energy policy, 50, 795-801.http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.phphttps://www.sciencedirect.com/science/article/abs/pii/S0301421512007161enEnergy Policyinfo:eu-repo/semantics/openAccessoai:laur.lau.edu.lb:10725/178822026-04-07T09:54:38Z |
| spellingShingle | The causal relationship between energy consumption and economic growth in Lebanon Dagher, Leila |
| status_str | publishedVersion |
| title | The causal relationship between energy consumption and economic growth in Lebanon |
| title_full | The causal relationship between energy consumption and economic growth in Lebanon |
| title_fullStr | The causal relationship between energy consumption and economic growth in Lebanon |
| title_full_unstemmed | The causal relationship between energy consumption and economic growth in Lebanon |
| title_short | The causal relationship between energy consumption and economic growth in Lebanon |
| title_sort | The causal relationship between energy consumption and economic growth in Lebanon |
| url | http://hdl.handle.net/10725/17882 https://doi.org/10.1016/j.enpol.2012.08.034 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.sciencedirect.com/science/article/abs/pii/S0301421512007161 |