The Relationship between Electricity Consumption and GDP in Albania, Bulgaria and Slovenia
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Pages: | 55 : 62 |
Abstract: |
This paper investigates the causal relationship between electricity consumption and GDP in Slovenia, for the time period 1990-2010 and in Albania and Bulgaria for the time period 1980-2010. The causality is tested with the Granger causality test. But first we check whether or not the time series of GDP and electricity consumption are stationary. The augmented Dickey-Fuller (ADF) test and Phillips-Perron test are used to evaluate whether these two series have unit root. |
JEL classification: | C32, Q43 |