@article{2017,title={ENERGY CONSUMPTION AND ECONOMIC GROWTH: THRESHOLD COINTEGRATION AND CAUSALITY ANALYSIS ON DEVELOPED COUNTRIES},abstractNode={Many studies have implemented to tests for cointegration no taking into consideration the presence of breaks between energy consumption and economic growth. The occurrence of certain events could have evolved over time and affected the trend behaviour of the energy consumption and economic growth. Regarding the existing literature, there is few studies that has focused to test on how the energy consumption–growth relationship evolves over time. Therefore, this study aims to constribute to fill the gap. We employ the Gregory and Hansen testing (1996a, 1996b) approach to cointegration in structural breaks and the Toda and Yamamoto (1995) causality for 11 developed countries. We find that energy consumption is cointegrated with economic growth in 7 countries. Moreover, this test suggests that energy consumption has a significant positive long-run impact on economic growth in these countries. Furthermore, causality tests suggest bidirectional causality between energy consumption and real GDP in Austria and Iceland, unidirectional causality running from real GDP to energy consumption in the case of Portugal and USA, neutrality in Great Britain, Australia, France, Denmark, Sweden, Portugal.},author={Halil ALTINTAŞ-- Özgür KOÇBULUT},year={2017},journal={The Journal of Academic Social Science}}