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Energy and economic growth: causality anaysis using decomposed energy consumption

Title
Energy and economic growth: causality anaysis using decomposed energy consumption
Author
김진수
Keywords
energy consumption; economic growth; decomposition; causality analysis; LMDI
Issue Date
2012-09
Publisher
Taylor and Francis Ltd.
Citation
Geosystem Engineering, 2012, 15(3), P.171~178
Abstract
To investigate a decoupling issue on economic growth and energy consumption, a new approach using decomposed time series of energy consumption is applied in this study. To capture the actual growth effect on energy consumption, an index decomposition analysis is performed first. From the decomposition results, the decomposed energy consumption data could be obtained. With those data, a causality analysis to figure out the relationship between economic growth and actual energy consumption is conducted. The results show that a bidirectional causal relationship was observed in the US, which could not be derived from the conventional approach. In other words, a hidden causal relationship between economic growth and actual energy consumption was revealed through the approach proposed in this paper. These efforts can help explain the coupling?decoupling controversies on energy and economic growth.
URI
https://www.tandfonline.com/doi/abs/10.1080/12269328.2012.702094?journalCode=tges20http://hdl.handle.net/20.500.11754/50130
ISSN
1226-9328; 2166-3394
DOI
10.1080/12269328.2012.702094
Appears in Collections:
COLLEGE OF ENGINEERING[S](공과대학) > EARTH RESOURCES AND ENVIRONMENTAL ENGINEERING(자원환경공학과) > Articles
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