Shahiduzzaman, Md. and Alam, Khorshed (2011) Energy-output linkages in Australia: Implications for emissions reduction policies. Journal of Applied Business and Economics, 12 (3). pp. 48-60. ISSN 1499-691X
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The study investigates the long-run and dynamic relationships between energy consumption and output in Australia using a multivariate cointegration and causality framework. Using both Engle-Granger and Johansen cointegration approaches, the study finds that energy consumption and real Gross Domestic Product are cointegrated. The Granger causality tests suggest bidirectional Granger causality between energy consumption and real GDP, and Granger endogeineity in the system. Since the energy sector largely contributes to carbon emissions in Australia, we suggest that direct measures to reduce carbon by putting constraints on the energy consumption would pose significant economic costs for the Australian economy.
|Item Type:||Article (Commonwealth Reporting Category C)|
|Additional Information:||Permanent restricted access to Published Version due to published copyright policy.|
|Uncontrolled Keywords:||energy consumption, gross domestic product, cointegration, causality|
|Fields of Research (FOR2008):||14 Economics > 1402 Applied Economics > 140202 Economic Development and Growth|
14 Economics > 1402 Applied Economics > 140299 Applied Economics not elsewhere classified
14 Economics > 1403 Econometrics > 140305 Time-Series Analysis
|Socio-Economic Objective (SEO2008):||B Ecomonic Development > 85 Energy > 8599 Other Energy > 859999 Energy not elsewhere classified|
|Deposited On:||09 Jan 2012 12:53|
|Last Modified:||26 Jul 2012 15:41|
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