Electricity consumption and economic growth: Evidence from Korea

Seung Hoon Yoo

doi:10.1016/j.enpol.2004.02.002

Electricity consumption and economic growth: Evidence from Korea

Seung Hoon Yoo

Dept. of Future Energy Convergence

Research output: Contribution to journal › Article › peer-review

255 Scopus citations

Abstract

This paper investigates the short- and long-run causality issues between electricity consumption and economic growth in Korea by using the co-integration and error-correction models. It employs annual data covering the period 1970-2002. The overall results show that there exists bi-directional causality between electricity consumption and economic growth. This means that an increase in electricity consumption directly affects economic growth and that economic growth also stimulates further electricity consumption.

Original language	English
Pages (from-to)	1627-1632
Number of pages	6
Journal	Energy Policy
Volume	33
Issue number	12
DOIs	https://doi.org/10.1016/j.enpol.2004.02.002
State	Published - Aug 2005

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Keywords

Causality
Co-integration
Economic growth
Electricity consumption
Error correction model
Unit root

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10.1016/j.enpol.2004.02.002

Cite this

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title = "Electricity consumption and economic growth: Evidence from Korea",

abstract = "This paper investigates the short- and long-run causality issues between electricity consumption and economic growth in Korea by using the co-integration and error-correction models. It employs annual data covering the period 1970-2002. The overall results show that there exists bi-directional causality between electricity consumption and economic growth. This means that an increase in electricity consumption directly affects economic growth and that economic growth also stimulates further electricity consumption.",

keywords = "Causality, Co-integration, Economic growth, Electricity consumption, Error correction model, Unit root",

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AB - This paper investigates the short- and long-run causality issues between electricity consumption and economic growth in Korea by using the co-integration and error-correction models. It employs annual data covering the period 1970-2002. The overall results show that there exists bi-directional causality between electricity consumption and economic growth. This means that an increase in electricity consumption directly affects economic growth and that economic growth also stimulates further electricity consumption.

KW - Causality

KW - Co-integration

KW - Economic growth

KW - Electricity consumption

KW - Error correction model

KW - Unit root

UR - https://www.scopus.com/pages/publications/12144264116

U2 - 10.1016/j.enpol.2004.02.002

DO - 10.1016/j.enpol.2004.02.002

M3 - Article

AN - SCOPUS:12144264116

SN - 0301-4215

VL - 33

SP - 1627

EP - 1632

JO - Energy Policy

JF - Energy Policy

IS - 12

ER -

Electricity consumption and economic growth: Evidence from Korea

Abstract

UN SDGs

Keywords

Access to Document

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