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- W3122282141 abstract "We carry out a meta-analysis of the very large literature on testing for Granger causality between energy use and economic output to determine if there is a genuine effect in this literature or whether the large number of apparently significant results is due to publication or misspecification bias. Our model extends the standard meta-regression model for detecting genuine effects in the presence of publication biases using the statistical power trace by controlling for the tendency to over-fit vector autoregression models in small samples. Granger causality tests in these over-fitted models have inflated type I errors. We cannot find a genuine causal effect in the literature as a whole. However, there is a robust genuine effect from output to energy use when energy prices are controlled for." @default.
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- W3122282141 date "2014-10-01" @default.
- W3122282141 modified "2023-10-18" @default.
- W3122282141 title "Is There Really Granger Causality Between Energy Use and Output?" @default.
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- W3122282141 doi "https://doi.org/10.5547/01956574.35.4.5" @default.
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