Natural gas consumption and economic growth: Evidence from selected natural gas vehicle markets in Europe

被引：42

作者：

Fadiran, Gideon ^{[1
,2
,3
]}

Adebusuyi, Adebisi T. ^{[4
]}

Fadiran, David ^{[5
,6
]}

机构：

[1] Univ Coll Cork, Environm Res Inst, Energy Policy & Modelling Grp, Cork, Ireland

[2] Univ Coll Cork, Sch Engn, Cork, Cork, Ireland

[3] SFI MaREI, Ctr Marine & Renewable Energy, Cork, Ireland

[4] Kingston Univ, Sch Econ & Polit, Kingston Upon Thames KT1 2EE, Surrey, England

[5] Univ Cape Town, Sch Econ, Cape Town, South Africa

[6] PEERC, Johannesburg, South Africa

来源：

ENERGY | 2019年 / 169卷

关键词：

Natural gas consumption; Economic growth; Panel data analysis; Natural gas vehicle markets; UNIT-ROOT TESTS; PANEL-DATA; ENERGY-CONSUMPTION; REGRESSION;

D O I：

10.1016/j.energy.2018.12.040

中图分类号：

O414.1 [热力学];

学科分类号：

摘要：

In this study, the relationship between natural gas consumption (NGC) and economic growth is examined. Twelve (12) countries in Europe are considered, 10 of which make up the top natural gas vehicle (NGV) markets in Europe. The study considers four main variables in this exercise, namely; gross fixed capital formation, labour force, trade openness, and real GDP. It makes use of panel cointegration analysis and long-run vector error correction model analysis in assessing both the short-run and the long-run relationship dynamics between NGC and economic growth. The results show that a long-run impact of NGC on economic growth does indeed exist. In the short run, however, this does not seem to be the case. The results also suggest the existence of the growth hypothesis in Austria, Bulgaria and Switzerland, while the United Kingdom (UK) and Italy support the conservation hypothesis. (C) 2018 Elsevier Ltd. All rights reserved.

引用

页码：467 / 477

页数：11

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