The research paper “The Relationship between Energy Consumption and Economic Growth: Evidence from Azerbaijan” by Dr. Shahriyar Mukhtarov, vice dean of the Faculty of Economics and Management at Khazar University, was published in International Journal of Energy Economics and Policy, No 6, Vol 7, 2017. The journal is indexed by SCOPUS, the prestigious abstract and citation database of peer-reviewed literature.

The study investigates the causal relationship between energy consumption and economic growth in Azerbaijan using annual data covering the period from 1990 to 2015. Toda-Yamamoto causality test framework of vector autoregressive (VAR) model was used to test causal relationship between the variables. The results of this test show that there is bidirectional causality between energy consumption and economic growth.

The paper is available at:

http://www.econjournals.com/index.php/ijeep/article/view/5644.