ENERGY CONSUMPTION AND ECONOMIC GROWTH NEXUS: A COMPARATIVE ANALYSIS OF US, CHINA AND JAPAN

Abstract

This study has chosen top three economies of the world to explore the relationship between energy consumption and economic growth by using annual data from 1985-2020. The results of ARDL approach shows that energy has a positive and significant impact on the economic growth of USA, China and Japan. Japan is the largest beneficiary in the short run as well in the long run, followed by USA and China.