한국의 CO₂배출량, 에너지소비, 전력소비 그리고 경제성장CO₂Emissions, Energy Consumption, Electricity Consumption and Economic Growth in Korea
- Other Titles
- CO₂Emissions, Energy Consumption, Electricity Consumption and Economic Growth in Korea
- Authors
- 김수이; 이성훈
- Issue Date
- Jun-2017
- Publisher
- 한국응용경제학회
- Keywords
- Energy use; Electricity use; CO₂emissions; VECM; Cointegration; 에너지소비; 전력소비; CO₂배출량; VECM; 공적분
- Citation
- 응용경제, v.19, no.2, pp.125 - 151
- Journal Title
- 응용경제
- Volume
- 19
- Number
- 2
- Start Page
- 125
- End Page
- 151
- URI
- https://scholarworks.bwise.kr/hongik/handle/2020.sw.hongik/6593
- ISSN
- 1229-5426
- Abstract
- We examine dynamic relationships among CO₂emissions, energy consumption, electricity consumption and economic growth in Korea employing a cointegration technique including ARDL bounds test and VECM with exogenous variable for the time period 1971-2010. We consider the share of nuclear energy as an exogenous variable. Cointegration tests demonstrate the existence of long-run relationships among the variables. Our empirical findings show causal relationships from energy (or electricity) consumption to CO₂emissions, and from economic growth to CO₂emissions in the long run with a confirmation of the Environmental Kuznets Curve hypothesis, suggesting the importance of technology development policy to reduce CO₂emissions in energy (or electricity) consumption. Bidirectional short-run causal relationships are found between energy consumption and economic growth, and between CO₂emissions and economic growth, implying the importance of energy saving policy to enhance economic growth. Synthesized results of a unidirectional long-run causality running from economic growth to CO₂emissions indicate that policies restricting CO₂emissions could be implemented without having negative effects on economic growth.
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