期刊
ENERGY ECONOMICS
卷 30, 期 6, 页码 3063-3076出版社
ELSEVIER
DOI: 10.1016/j.eneco.2008.02.002
关键词
Nonlinear causality test; Neutrality hypothesis; Energy consumption; Economic growth
类别
The relationship between energy consumption and economic growth is considered as an imperative issue in energy economics. Previous studies have ignored the nonlinear behavior which could be caused by structural breaks. In this study, both linear and nonlinear Granger causality tests are applied to examine the causal relationship between energy consumption and economic growth for a sample of Asian newly industrialized countries as well as the U.S. This study finds evidence supporting a neutrality hypothesis for the United States, Thailand, and South Korea. However, empirical evidence on Philippines and Singapore reveals a unidirectional causality running from economic growth to energy consumption while energy consumption may have affected economic growth for Taiwan, Hong Kong, Malaysia and Indonesia. Policy implications are also discussed. (c) 2008 Elsevier B.V. All rights reserved.
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