Abstract
Energy is a crucial component to economic growth and plays a vital role in economic development. This study inquires the causal relationships between energy consumption (EC) and the economic growth (EG) within a multivariate framework that includes capital stock and labor input for the panel of three SAARC countries by using modern panel unit root technique, residual based panel cointegration and panel based error correction models .The empirical results fully support a cointegration relationship between EC and EG in the long run. But from the causal point of view there is long run unidirectional causality running from EC to EG and no causality was found in the short run.
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