The causal dynamics between coal consumption and growth: Evidence from emerging market economies

被引:69
作者
Apergis, Nicholas [2 ]
Payne, James E. [1 ]
机构
[1] Illinois State Univ, Coll Arts & Sci, Normal, IL 61790 USA
[2] Univ Piraeus Karaoli & Dimitriou, Dept Banking & Financial Management, Athens 18534, Greece
关键词
Coal consumption; Growth; Panel; Granger-causality; DISAGGREGATE ENERGY-CONSUMPTION; PANEL-DATA; INDUSTRIAL-PRODUCTION; ERROR-CORRECTION; UNIT ROOTS; GDP; COINTEGRATION; TESTS; OUTPUT;
D O I
10.1016/j.apenergy.2009.11.035
中图分类号
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号
0807 ; 0820 ;
摘要
This study examines the relationship between coal consumption and economic growth for 15 emerging market economies within a multivariate panel framework over the period 1980-2006. The heterogeneous panel cointegration results indicate there is a long-run equilibrium relationship between real GDP, coal consumption, real gross fixed capital formation, and the labor force. While in the long-run both real gross fixed capital formation and the labor force have a significant positive impact on real GDP, coal consumption has a significant negative impact. The panel causality tests show bidirectional causality between coal consumption and economic growth in both the short- and long-run. (C) 2009 Elsevier Ltd. All rights reserved.
引用
收藏
页码:1972 / 1977
页数:6
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