Abstract
This paper applies the most recently developed panel unit root, heterogeneous panel cointegration and panel-based error correction models to investigate the causal relationship between energy consumption and economic growth for three industries in Beijing during the period of 1980-2008. The empirical results indicate that there is bidirectional Granger causality in the short run, but unidirectional Granger causality running from energy consumption to economic growth in the long run.
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© 2011 Springer-Verlag Berlin Heidelberg
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Zhang, X., Wang, C., Tan, Y., Zhang, F. (2011). Causality between Energy Consumption and Economic Growth in Beijing: Evidence from Cross-Industry Panel Data. In: Lin, S., Huang, X. (eds) Advances in Computer Science, Environment, Ecoinformatics, and Education. CSEE 2011. Communications in Computer and Information Science, vol 217. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-23339-5_42
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DOI: https://doi.org/10.1007/978-3-642-23339-5_42
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-23338-8
Online ISBN: 978-3-642-23339-5
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