Co-Movement Among Electricity Consumption, Economic Growth and Financial Development in Portugal, Italy, Greece, and Spain: A Wavelet Analysis
Journal: Energies
Year: 2024

The aim of this paper is to examine the connections among time-frequency dependencies associated with electrical power consumption (EPC), economic growth, and financial development (FD) in Portugal, Italy, Greece, and Spain during the period 1970–2014. Using monthly data collected from the World Bank (WB) and Federal Reserve Bank of St. Louis (FRED), the wavelet analysis is applied, which allows for assessing the co-movement between these variables. As a first step, a classical time-domain appro