Nuclear energy consumption and economic growth in Korea

Seung Hoon Yoo; Kun Oh Jung

doi:10.1016/j.pnucene.2005.01.001

Nuclear energy consumption and economic growth in Korea

Seung Hoon Yoo, Kun Oh Jung

Dept. of Future Energy Convergence

Hoseo University

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

80 Scopus citations

Abstract

This paper investigates the short- and long-run causality issues between nuclear energy consumption and economic growth in Korea by applying modern time-series techniques. It employs annual data covering the period 1977-2002. Tests for unit roots, co-integration, and Granger-causality based on error-correction model are presented. The results show that unidirectional causality runs from nuclear energy consumption to economic growth in Korea without any feedback effect. This means that in order not to adversely affect economic growth, the Korean government should endeavor to overcome the constraints on nuclear energy consumption.

Original language	English
Pages (from-to)	101-109
Number of pages	9
Journal	Progress in Nuclear Energy
Volume	46
Issue number	2
DOIs	https://doi.org/10.1016/j.pnucene.2005.01.001
State	Published - 2005

Keywords

Causality
Co-Integration
Economic Growth
Error-Correction Model
Nuclear Energy Consumption
Unit Root

UN SDGs

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

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10.1016/j.pnucene.2005.01.001

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title = "Nuclear energy consumption and economic growth in Korea",

abstract = "This paper investigates the short- and long-run causality issues between nuclear energy consumption and economic growth in Korea by applying modern time-series techniques. It employs annual data covering the period 1977-2002. Tests for unit roots, co-integration, and Granger-causality based on error-correction model are presented. The results show that unidirectional causality runs from nuclear energy consumption to economic growth in Korea without any feedback effect. This means that in order not to adversely affect economic growth, the Korean government should endeavor to overcome the constraints on nuclear energy consumption.",

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AU - Yoo, Seung Hoon

AU - Jung, Kun Oh

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AB - This paper investigates the short- and long-run causality issues between nuclear energy consumption and economic growth in Korea by applying modern time-series techniques. It employs annual data covering the period 1977-2002. Tests for unit roots, co-integration, and Granger-causality based on error-correction model are presented. The results show that unidirectional causality runs from nuclear energy consumption to economic growth in Korea without any feedback effect. This means that in order not to adversely affect economic growth, the Korean government should endeavor to overcome the constraints on nuclear energy consumption.

KW - Causality

KW - Co-Integration

KW - Economic Growth

KW - Error-Correction Model

KW - Nuclear Energy Consumption

KW - Unit Root

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SP - 101

EP - 109

JO - Progress in Nuclear Energy

JF - Progress in Nuclear Energy

IS - 2

ER -

Nuclear energy consumption and economic growth in Korea

Abstract

Keywords

UN SDGs

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