Cointegration, error-correction, and the relationship between GDP and energy: The case of South Korea and Singapore

被引：178

作者：

Glasure, YU

Lee, AR

机构：

[1] Wayland Baptist Univ, Div Business, Lubbock, TX 79424 USA

[2] Texas Tech Univ, Dept Polit Sci, Lubbock, TX 79409 USA

来源：

RESOURCE AND ENERGY ECONOMICS | 1998年 / 20卷 / 01期

关键词：

vector error correction model (VECM); cointegration; unit roots; causality between GDP and energy;

D O I：

10.1016/S0928-7655(96)00016-4

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines the causality issue between energy consumption and GDP for South Korea and Singapore, with the aid of cointegration and error-correction modeling. Results of the cointegration and error-correction models indicate bidirectional causality between GDP and energy consumption for both South Korea and Singapore. However, results of the standard Granger causality tests show no causal relationship between GDP and energy consumption for South Korea and unidirectional causal relationship from energy consumption to GDP for Singapore. (C) 1997 Elsevier Science B.V.

引用

页码：17 / 25

页数：9

共 18 条

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