The Causal Dynamics Between Coal Consumption and Growth: Evidence from Emerging Market Economies
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Authors
Apergis, Nicholas
Payne, J.
Date
2010Type
Journal Article
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Apergis, Nicholas and Payne, James E. 2010. The Causal Dynamics Between Coal Consumption and Growth: Evidence from Emerging Market Economies. Applied Energy. 87 (6): pp. 1972-1977.
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Applied Energy
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Abstract
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.
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