Coal consumption and economic growth: Evidence from a panel of OECD countries

By N. Apergis, James E. Payne. 2010

151 citations recorded by the source corpus.

This study examines the relationship between coal consumption and economic growth for 25 OECD countries within a multivariate panel framework over period 1980-2005. The Larsson et al. (2001) panel cointegration test indicates there is a long-run equilibrium relationship between real GDP, coal consumption, real gross fixed capital formation, and the labor force. The respective coefficients for real gross fixed capital formation and the labor force are positive and statistically significant whereas the coefficient for coal consumption is negative and statistically significant. The results of the panel vector error correction model reveal bidirectional causality between coal consumption and economic growth in both the short- and long-run; however, the bidirectional causality in the short-run is negative.

Subfields: Economics and Econometrics, Environmental Engineering

View Paper: https://www.semanticscholar.org/paper/03b6d4a92cffd6a0c3b4099ae3273349cd0fa09f

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Ilhan Ozturk
2. Mahamat Hamit-haggar
3. C. Tugcu
4. Alper Aslan
5. Muhammad Shahbaz
6. Kostas Bithas
7. P. Kalimeris
8. Clive Richardson

In Environmental Engineering

1. Ilhan Ozturk
2. Mahamat Hamit-haggar
3. Alper Aslan
4. C. Tugcu
5. Kostas Bithas
6. Y. Z. Abdullahi
7. Yelwa Mohammed
8. P. Kalimeris

Citations in the corpus

• Greenhouse gas emissions, energy consumption and economic growth: A panel cointegration analysis from Canadian industrial sector perspective (2012, background): “Representative studies in this regards are Ghali and El-Sakka (2004), Lee (2005), Lee and Chang (2008), Lee et al. (2008), Payne (2009), Soytas and Sari (2009), Apergis and Payne (2009b, 2010b), Chandran et al. (2010), tomention only a few.”
• A meta-analysis investigation of the direction of the energy-GDP causal relationship: implications for the growth-degrowth dialogue (2014, methodology): “Countries may be classified according to their economic development status (Acaravci and Ozturk, 2010; Apergis and Payne, 2010a; Belke et al., 2011; Chiou-Wei et al., 2008; Costantini and Martini, 2010; Huang et al., 2008; Jinke et al., 2008; Lee and Chang, 2007a; Ozturk et al., 2010; Soytas and…”