Cointegration, error-correction, and the relationship between GDP and energy:
Year: 1998
Type: article
Abstract: 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.
Source: Resource and Energy Economics
Authors: Yong U. Glasure, Aie-Rie Lee
Institutions: Wayland Baptist University, Texas Tech University
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1605978886