An investigation of cointegration between energy consumption and economic growth: Dynamic evidence from East Asian countries


Aslan A. , Kum H.

GLOBAL ECONOMIC REVIEW, cilt.39, ss.431-439, 2010 (SSCI İndekslerine Giren Dergi) identifier identifier

  • Cilt numarası: 39 Konu: 4
  • Basım Tarihi: 2010
  • Doi Numarası: 10.1080/1226508x.2010.533852
  • Dergi Adı: GLOBAL ECONOMIC REVIEW
  • Sayfa Sayıları: ss.431-439

Özet

This paper aims to investigate the relationship between energy consumption and economic growth for 11 East Asian countries over the period 1971-2005 by taking into account their strong relationships. Based on fully modified ordinary least squares (FMOLS) and dynamic OLS (DOLS) approaches, while there exists a strong relation running from economic growth to energy consumption, it is observed that the strong relationship which runs from energy consumption to economic growth is overwhelmingly rejected for all cases except Indonesia and the Philippines. Moreover the inverse relation between two variables is observed for these two countries.