Energy Consumption and Economic Growth in Jordan: An ARDL Bounds Testing Approach

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Tamara F., A. (2015). Energy Consumption and Economic Growth in Jordan: An ARDL Bounds Testing Approach. Journal of Business Management and Economics, 3(11), 27–32. https://doi.org/10.15520/jbme.2015.vol3.iss11.156.pp27-32
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Abstract

The paper aimsat investigating the nexus relationship between energy consumption and economic growth in Jordan using annual data over the period 1976-2013 by employingAutoregressive Distributed Lagged (ARDL) model.  The cointegration results provide evidence on the existence of long-run equilibrium relationship among model variables.  The ARDL long-run estimation results revealed a significant positive impact of energy consumption on economic growth.  The negative and significant signs of error-correction termsindicatelong-run bidirectional causality between energy consumption and economic growth.  The Granger-Causality test within VECM framework (Wald F-test) indicates bidirectional strong and weak short-run causality between all variables.

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