88 0

Relationship between coal consumption and economic growth for OECD and non-OECD countries

Title
Relationship between coal consumption and economic growth for OECD and non-OECD countries
Author
김진수
Keywords
Coal consumption; economic growth; panel unit root; panel cointegration
Issue Date
2016-02
Publisher
Taylor & Francis
Citation
Geosystem Engineering, v. 19, NO 1, Page. 48-56
Abstract
This study uses panel cointegration tests to examine the relationship between coal consumption and economic growth for OECD and non-OECD countries. We formulate a hypothesis that developing countries have a more powerful relationship since coal is generally used in the early stage of economic development. To prove this hypothesis, we analyse 58 countries for the period 1971–2010 and those 58 countries into two groups: OECD and non-OECD. We use three-panel unit root tests for robustness of the test results. The results indicate that all panel data are non-stationary. Then, we apply two cointegration tests to confirm the long-run equilibrium between coal consumption and economic growth. One is based on an error correction model and the other on residuals. The cointegration test results indicate that coal consumption and economic growth have long-run equilibrium in OECD countries. In contrast, coal consumption and economic growth have no long-run relationship in non-OECD countries. In addition, we investigate the coal consumption of the iron and electricity generation sectors. The results are same as with the total coal consumption case. Consequently, only OECD countries have a long-run equilibrium relationship in coal consumption of the iron and electricity generation sectors. © 2015 The Korean Society of Mineral and Energy Resources Engineers (KSMER).
URI
http://www.tandfonline.com/doi/full/10.1080/12269328.2015.1087348http://hdl.handle.net/20.500.11754/31798
ISSN
1226-9328; 2166-3394
DOI
10.1080/12269328.2015.1087348
Appears in Collections:
COLLEGE OF ENGINEERING[S](공과대학) > EARTH RESOURCES AND ENVIRONMENTAL ENGINEERING(자원환경공학과) > Articles
Files in This Item:
There are no files associated with this item.
Export
RIS (EndNote)
XLS (Excel)
XML


qrcode

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.

BROWSE