Energy consumption and output: Evidence from a panel of 14 oil-exporting countries
Energy consumption and output: Evidence from a panel of 14 oil-exporting countries
复制标题
DOI：
10.1016/j.eneco.2013.11.002
复制
发表时间：
2014
期刊：
影响因子：
12.8
通讯作者：
H. Mohammadi;Shahrokh Parvaresh
中科院分区：
文献类型：
--
作者：
H. Mohammadi;Shahrokh Parvaresh
我们考察了1980-2007年间14个石油出口国的能源消耗和产出之间的长期关系和短期动态。面板单位根检验，其中包括常见的横截面因素，未能拒绝非平稳性在这两个变量。因此，我们使用三种可选择的面板估计技术-动态固定效应，池和平均组估计器，在考虑共同横截面因素之前和之后，探索它们的长期关系和短期动态。这些估计器允许在长期参数和短期动态中存在不同程度的异质性。基于具有共相关效应的平均群估计的结果表明：(a)能源消耗与产量之间存在稳定的关系；(b)长期和短期的双向因果关系；(c)长期因果关系结果的稳健性对附加变量的包含。因此，旨在削减能源的环境政策可能会对经济增长产生重大的长期影响，而旨在促进经济增长的政策可能会产生不利的环境后果。
We examine the long-run relation and short-run dynamics between energy consumption and output in a panel of 14 oil-exporting countries over 1980–2007. Panel unit root tests, which account for common cross-sectional factors, fail to reject non-stationarity in both variables. Thus, we explore their long-run relation and short-run dynamics using three alternative panel estimation techniques — dynamic fixed effect, pooled and mean-group estimators before and after accounting for common cross-sectional factors. These estimators allow for various degrees of heterogeneity in long-run parameters and short-run dynamics. The results based on the mean group estimator with common correlated effects suggest (a) a stable relation between energy consumption and output; (b) bi-directional causality in both long- and short-run; and (c) the robustness of the long-run causality results to the inclusion of additional variables. As such, environmental policies designed to curtail energy may have significant long-run ramifications for economic growth, and policies designed to promote economic growth may have adverse environmental consequences.