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The causal dynamics between coal consumption and growth: Evidence from emerging market economies

  • Apergis, Nicholas
  • Payne, James E.

This study examines the relationship between coal consumption and economic growth for 15 emerging market economies within a multivariate panel framework over the period 1980-2006. The heterogeneous panel cointegration results indicate there is a long-run equilibrium relationship between real GDP, coal consumption, real gross fixed capital formation, and the labor force. While in the long-run both real gross fixed capital formation and the labor force have a significant positive impact on real GDP, coal consumption has a significant negative impact. The panel causality tests show bidirectional causality between coal consumption and economic growth in both the short- and long-run.

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Article provided by Elsevier in its journal Applied Energy.

Volume (Year): 87 (2010)
Issue (Month): 6 (June)
Pages: 1972-1977

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Handle: RePEc:eee:appene:v:87:y:2010:i:6:p:1972-1977
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