کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
993129 936022 2011 10 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Oil prices, nuclear energy consumption, and economic growth: New evidence using a heterogeneous panel analysis
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی مهندسی انرژی و فناوری های برق
پیش نمایش صفحه اول مقاله
Oil prices, nuclear energy consumption, and economic growth: New evidence using a heterogeneous panel analysis
چکیده انگلیسی

This paper applies panel data analysis to examine the short-run dynamics and long-run equilibrium relationships among nuclear energy consumption, oil prices, oil consumption, and economic growth for developed countries covering the period 1971–2006. The panel cointegration results show that in the long run, oil prices have a positive impact on nuclear energy consumption, suggesting the existence of the substitution relationship between nuclear energy and oil. The long-run elasticity of nuclear energy with respect to real income is approximately 0.89, and real income has a greater impact on nuclear energy than do oil prices in the long run. Furthermore, the panel causality results find evidence of unidirectional causality running from oil prices and economic growth to nuclear energy consumption in the long run, while there is no causality between nuclear energy consumption and economic growth in the short run.

Research highlights
► We examine the relationship among nuclear energy consumption, oil prices, oil consumption, and economic growth for developed countries.
► The existence of the substitution relationship between nuclear energy and oil.
► Real income has a greater impact on nuclear energy than do oil prices in the long run.
► An unidirectional causality running from oil prices and economic growth to nuclear energy consumption in the long run.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Energy Policy - Volume 39, Issue 4, April 2011, Pages 2111–2120
نویسندگان
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