TY - JOUR
T1 - Natural gas consumption and economic growth in Korea
T2 - A causality analysis
AU - Lim, H. J.
AU - Yoo, S. H.
PY - 2012/1/1
Y1 - 2012/1/1
N2 - 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.
AB - 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.
KW - causality
KW - economic growth
KW - Korea
KW - natural gas consumption
KW - vector error-correction model
UR - http://www.scopus.com/inward/record.url?scp=84856929806&partnerID=8YFLogxK
U2 - 10.1080/15567240902882864
DO - 10.1080/15567240902882864
M3 - Article
AN - SCOPUS:84856929806
SN - 1556-7249
VL - 7
SP - 169
EP - 176
JO - Energy Sources, Part B: Economics, Planning and Policy
JF - Energy Sources, Part B: Economics, Planning and Policy
IS - 2
ER -
