首页|Natural Gas Consumption and Economic Growth in Korea: A Causality Analysis
Natural Gas Consumption and Economic Growth in Korea: A Causality Analysis
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NETL
NSTL
Taylor & Francis
This article investigates the short- and long-run causality issues between natural gas consumption and economic growth in Korea by applying time-series techniques. It employs quarterly data covering the period 1991-2008. Tests for unit roots, co-integration, and Granger-causality based on the multivariate vector error-correction models are presented. The results show that there is bidirectional causality between natural gas consumption and economic growth in Korea. This means that an increase in natural gas consumption directly affects economic growth and that economic growth also stimulates further natural gas consumption.
causalityeconomic growthkoreanatural gas consumptionvector error-correction model
H.-J. LIM、S.-H. YOO
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Technology Policy Research Institute, Korea Institute of Science and Technology, Seoul, Korea
Department of Energy Policy, Graduate School of Energy & Environment, Seoul National University of Science & Technology, 172 Gongreung-2-Dong, Nowon-Ku, Seoul 139-743 Korea
NETL
NSTL
Taylor & Francis
