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The Relationship between Hydropower Energy Consumption and Economic Growth
Procedia Economics and Finance
This paper will analyse the relationship between economic growth and hydropower energy consumption. According to the results of the short run causality, there is evidence to support the growth hypothesis in OECD countries with high incomes. There is evidence to support the conservation hypothesis for Brazil, Finland, France, Mexico, the U.S. and Turkey. The unidirectional causality goes from economic growth to energy consumption and suggests that the policy of conserving hydropower energydoi:10.1016/s2212-5671(16)30198-8 fatcat:y3s4gmf3e5bqbo6godwmq7cwxm