The causal dynamics between coal consumption and growth: Evidence from emerging market economies

Nicholas Apergis () and James Payne

Applied Energy, 2010, vol. 87, issue 6, 1972-1977

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.

Keywords: Coal; consumption; Growth; Panel; Granger-causality (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (41)

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