Journal
APPLIED ENERGY
Volume 87, Issue 6, Pages 1972-1977Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.apenergy.2009.11.035
Keywords
Coal consumption; Growth; Panel; Granger-causality
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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.
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