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International Journal of Academic Research in Economics and Management Sciences

Open Access Journal

ISSN: 2226-3624

Energy Consumption and Economic Growth: Kalman Filter Approach

Mohsen Mehrara, Fatemeh Rafiei

http://dx.doi.org/10.6007/IJAREMS/v3-i3/1005

Open access

This paper studies the relationship between energy consumption and economic growth for Iran during 1967-2008.we use time varying parameter (TVP) Approach to estimate effect of energy consumption on GDP over time. Our main finding is theenergy consumptionhas a positive sign and it is statistically significant .the final coefficient is 0.037. This parameter varies trivially over time and fluctuations are rather stable.

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(Mehrara & Rafiei, 2014)
Mehrara, M., & Rafiei, F. (2014). Energy Consumption and Economic Growth: Kalman Filter Approach. International Journal of Academic Research in Economics and Management Sciences, 3(3), 174–180.