期刊名称：International Journal of Energy Economics and Policy
电子版ISSN：2146-4553
出版年度：2019
卷号：9
期号：5
页码：142-147
DOI：10.32479/ijeep.8030
出版社：EconJournals
摘要：The oil price shock of the 1970s and its disruptive impact on the economic activities all over the world dragged the attention of researchers to study
the interaction between energy and real output. However, no conclusive evidence could be submitted about the direction of causality between the two.
The present study has been an attempt to understand such relationship in the case of India. The paper has used the data from 1971 to 2014 and has
found long run stable relationship between energy use and real output. The study also reveals that in the short run, there is unidirectional relationship
between the two and energy Granger causes economic activities in India. In the long run, we find bidirectional relationship between energy and
economic prosperity of India.
关键词：Energy Consumption; Logarithmic Mean Divisia Index; Decoupling
