Economic growth and energy consumption for OECD countries

Abstract

Following the nineteenth century, energy became an important and indispensable input to production and consumption activities in all over the world. In the meantime, energy has become a very determinant factor for growth for national economies. In this study, we aim to examine the relationship between energy consumption and economic growth for OECD countries. Panel data method and co-integration tests will be employed to analyze OECD member countries over the period 1960-2014. GDP per capita will be the proxy for the energy consumption and economic growth capita will be taken for energy consumption on an annual basis.