Does the electricity consumption and economic growth nexus alter during COVID-19 pandemic? Evidence from European countries

Basit Öğe Kaydı
dc.contributor.authorGüler, Hünkar
dc.contributor.authorHaykır, Özkan
dc.contributor.authorÖz, Selçuk
dc.date.accessioned2024-11-07T10:39:46Z
dc.date.available2024-11-07T10:39:46Z
dc.date.issued2022
dc.departmentNiğde Ömer Halisdemir Üniversitesi
dc.description.abstractThis paper examines the impact of the COVID-19 pandemic on the electricity consumption and economic growth nexus using 30 European countries' quarterly data between 2015Q1 and 2021Q3. We employ the panel unit root, panel causality, and dynamic panel estimation tests and find that there is bi-directional causality between electricity consumption and economic growth. The findings of this study provide new insights into understanding the electricity consumption and economic growth nexus by suggesting that an increase in electricity consumption during the COVID-19 pandemic decreases economic growth. We also investigate the strict confinement period of the COVID-19 pandemic as a robustness test. The results of robustness analysis reveal that there is an even stronger negative impact of electricity consumption on economic growth due to the pandemic influenza mitigation strategies such as lockdowns and business’ shutdowns that cause people to intensely consume residential electricity. © 2022 Elsevier Inc.
dc.identifier.doi10.1016/j.tej.2022.107144
dc.identifier.issn1040-6190
dc.identifier.issue6
dc.identifier.scopus2-s2.0-85130844081
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1016/j.tej.2022.107144
dc.identifier.urihttps://hdl.handle.net/11480/11191
dc.identifier.volume35
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherElsevier Inc.
dc.relation.ispartofElectricity Journal
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_20241106
dc.subjectCOVID-19 pandemic
dc.subjectEconomic growth
dc.subjectElectricity consumption
dc.subjectPanel causality test
dc.titleDoes the electricity consumption and economic growth nexus alter during COVID-19 pandemic? Evidence from European countries
dc.typeArticle

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