Article Dans Une Revue Data Science in Finance and Economics Année : 2023

Revisiting the Energy-Growth nexus with debt channel. A wavelet time-frequency analysis for a panel of Eurozone-OECD countries

Résumé

In this paper, continuous wavelet decompositions regarding the notions of coherence and phase are used to analyze the time-frequency dynamics of the existing relationships between energy supply and economic growth for a group of European countries. The objective is to identify both the intensity and the direction of the relationship over time and across frequencies. We also study the existence of a debt channel implying an indirect relationship between energy and growth. Our results show the complexity of the energy supply-growth relationship composed by direct effect at the short run and indirect effects through debt channel at the mid and long run. The countries with the highest debt/GDP ratio are more subject to such direct and indirect effects than others where only short run direct effect is noted.

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hal-05097857 , version 1 (04-06-2025)

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Mohamed Awada, Roman Mestre. Revisiting the Energy-Growth nexus with debt channel. A wavelet time-frequency analysis for a panel of Eurozone-OECD countries. Data Science in Finance and Economics, 2023, 3 (2), pp.133-151. ⟨10.3934/DSFE.2023008⟩. ⟨hal-05097857⟩
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