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    A Panel Study of Nuclear Energy Consumption and Economic Growth

    Access Status
    Fulltext not available
    Authors
    Apergis, Nicholas
    Payne, J.
    Date
    2010
    Type
    Journal Article
    
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    Citation
    Apergis, Nicholas and Payne, James E. 2010. A Panel Study of Nuclear Energy Consumption and Economic Growth. Energy Economics. 31 (3): pp. 545-549.
    Source Title
    Energy Economics
    DOI
    10.1016/j.eneco.2009.09.015
    ISSN
    0140-9883
    URI
    http://hdl.handle.net/20.500.11937/29721
    Collection
    • Curtin Research Publications
    Abstract

    This study examines the relationship between nuclear energy consumption and economic growth for sixteen countries within a multivariate panel framework over the period 1980–2005. Pedroni's (1999, 2004) heterogeneous panel cointegration test reveals there is a long-run equilibrium relationship between real GDP, nuclear energy consumption, real gross fixed capital formation, and the labor force with the respective coefficients positive and statistically significant. The results of the panel vector error correction model finds bidirectional causality between nuclear energy consumption and economic growth in the short-run while unidirectional causality from nuclear energy consumption to economic growth in the long-run. Thus, the results provide support for the feedback hypothesis associated with the relationship between nuclear energy consumption and economic growth.

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