Electricity Consumption and Economic Growth : Evidence from 17 Taiwanese Industries

  title={Electricity Consumption and Economic Growth : Evidence from 17 Taiwanese Industries},
  author={Wen-Cheng Lu},
The current paper investigates the existence and nature of the Granger causality between electricity consumption and economic growth for 17 industries in Taiwan. Empirical results over the period 1998–2014 suggest that a panel cointegration test shows a long-run equilibrium relationship and a bi-directional Granger causality between electricity and economic growth has been found. The result indicates that a 1% increase in electricity consumption boosts the real GDP by 1.72%. The government can… CONTINUE READING

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