Natural Gas Consumption and Economic Growth in Korea: A Causality Analysis

被引：37
|
作者：
Lim, H. -J. [2 ]
Yoo, S. -H. [1 ]
机构：
[1] Seoul Natl Univ Sci & Technol, Dept Energy Policy, Grad Sch Energy & Environm, Seoul 139743, South Korea
[2] Korea Inst Sci & Technol, Technol Policy Res Inst, Seoul, South Korea
来源：
ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY | 2012年 / 7卷 / 02期
关键词：
causality; economic growth; Korea; natural gas consumption; vector error-correction model; TIME-SERIES; UNIT-ROOT; ENERGY-CONSUMPTION; COINTEGRATION; MONEY;
D O I：
10.1080/15567240902882864
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 article investigates the short- and long-run causality issues between natural gas consumption and economic growth in Korea by applying time-series techniques. It employs quarterly data covering the period 1991-2008. Tests for unit roots, co-integration, and Granger-causality based on the multivariate vector error-correction models are presented. The results show that there is bidirectional causality between natural gas consumption and economic growth in Korea. This means that an increase in natural gas consumption directly affects economic growth and that economic growth also stimulates further natural gas consumption.
引用
收藏
页码：169 / 176
页数：8
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