Energy Consumption and Economic Growth：Evidence from 5 Asian Countries

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This paper investigates the causal relationship between nuclear energy consumption, renewable energy and oil consumption, natural gas consumption, coal consumption and economic growth for 5 Asian countries: China, India, Japan, Pakistan and Korea. We observe that oil is the substitute energy for both coal and renewable energy; renewable energy is the substitute energy for coal. Moreover, no energy can act as a substitute for nuclear energy. There is bidirectional causality between renewable energy consumption and economic growth, oil consumption and economic growth, and coal consumption and economic growth.

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  • 経済科学

    経済科学 61 (2), 1-13, 2013-09-30

    名古屋大学大学院経済学研究科

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