화학공학소재연구정보센터
Applied Energy, Vol.87, No.6, 1972-1977, 2010
The causal dynamics between coal consumption and growth: Evidence from emerging market economies
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.