Energy-output linkages in Australia: Implications for emissions reduction policies
Article
Article Title | Energy-output linkages in Australia: Implications for emissions reduction policies |
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ERA Journal ID | 18562 |
Article Category | Article |
Authors | Shahiduzzaman, Md. (Author) and Alam, Khorshed (Author) |
Journal Title | Journal of Applied Business and Economics |
Journal Citation | 12 (3), pp. 48-60 |
Number of Pages | 13 |
Year | 2011 |
Place of Publication | West Palm Beach, FL, USA |
ISSN | 1499-691X |
Web Address (URL) | http://www.na-businesspress.com/jabeopen.html |
Abstract | 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. |
Keywords | energy consumption, gross domestic product, cointegration, causality |
ANZSRC Field of Research 2020 | 440499. Development studies not elsewhere classified |
380199. Applied economics not elsewhere classified | |
380205. Time-series analysis | |
Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | School of Accounting, Economics and Finance |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q0yy6/energy-output-linkages-in-australia-implications-for-emissions-reduction-policies
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