Please use this identifier to cite or link to this item: http://hdl.handle.net/11455/45526
標題: Energy consumption and GDP in developing countries: A cointegrated panel analysis
作者: Lee, C.C.
李建強
關鍵字: energy consumption
income
panel cointegration
causality
economic-growth
causal relationship
temporal causality
real income
unit-root
prices
india
tests
期刊/報告no:: Energy Economics, Volume 27, Issue 3, Page(s) 415-427.
摘要: In this paper we re-investigate the co-movement and the causality relationship between energy consumption and GDP in 18 developing countries, using data for the period 1975 to 2001. Recently developed tests for the panel unit root, heterogeneous panel cointegration, and panel-based error correction models are employed. The empirical results provide clear support of a long-run cointegration relationship after allowing for the heterogeneous country effect. The long-ran relationship is estimated using a full-modified OLS. The evidence shows that long-run and short-run causalities run from energy consumption to GDP, but not vice versa. This result indicates that energy conservation may harm economic growth in developing countries regardless of being transitory or permanent. (c) 2005 Elsevier B.V All rights reserved.
URI: http://hdl.handle.net/11455/45526
ISSN: 0140-9883
文章連結: http://dx.doi.org/10.1016/j.eneco.2005.03.003
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