Energy-GDP Nexus for Oil-Exporting Country: The Case of Bahrain

Authors

  • Mohamed Sayed Abou Elseoud College of Business Administration, University of Bahrain, Bahrain , and Sadat Academy for Management Sciences, Egypt http://orcid.org/0000-0003-3877-4784
  • Fuad M. Kreishan Faculty of Business Administration and Economics, Al-Hussein Bin Talal University, Jordan

Abstract

The main objective of this paper is to investigate the relationships between electricity consumption and economic growth in Bahrain between 1980 and 2019, utilizing the Autoregressive Distributed Lag (ARDL) model. Estimates revealed the existence of a long run equilibrium relationship between the electricity consumptions per capita and GDP per capita. The Pairwise Granger Causality Test results indicated a unidirectional causality running from electricity consumption to economic growth. The estimation results provide a strong support for the Growth hypothesis in Bahrain, suggesting that Bahrain economy is Energy-dependent. Therefore, it should be taken into consideration that energy consumption has effect on economic growth rates by policy makers.Keywords: Economic growth, Energy, ARDL, Granger Causality, BahrainJEL Classifications: O13; Q43; C33DOI: https://doi.org/10.32479/ijeep.9883

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Author Biographies

Mohamed Sayed Abou Elseoud, College of Business Administration, University of Bahrain, Bahrain , and Sadat Academy for Management Sciences, Egypt

Department of Economics & Finance Associate Professor of Economics

Fuad M. Kreishan, Faculty of Business Administration and Economics, Al-Hussein Bin Talal University, Jordan

Faculty of Business Administration and Economics, Associate Professor of Economics

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Published

2020-10-10

How to Cite

Abou Elseoud, M. S., & Kreishan, F. M. (2020). Energy-GDP Nexus for Oil-Exporting Country: The Case of Bahrain. International Journal of Energy Economics and Policy, 10(6), 80–86. Retrieved from https://mail.econjournals.com/index.php/ijeep/article/view/9883

Issue

Vol. 10 No. 6 (2020)

Section

Articles

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