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Nuclear energy consumption and economic growth in Korea

โœ Scribed by Seung-Hoon Yoo; Kun-Oh Jung

Publisher
Elsevier Science
Year
2005
Tongue
English
Weight
671 KB
Volume
46
Category
Article
ISSN
0149-1970

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โœฆ Synopsis

This paper investigates the short-and long-run causality issues between nuclear energy consumption and economic growth in Korea by applying modem time-series techniques. It employs annual data covering the period 1977-2002. Tests for unit roots, co-integration, and Granger-causality based on errorcorrection 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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