Oil Market, Nuclear Energy Consumption and Economic Growth: Evidence from Emerging Economies

Volume: 4 Number: 2 June 1, 2014
  • Hanan Naser
EN

Oil Market, Nuclear Energy Consumption and Economic Growth: Evidence from Emerging Economies

Abstract

This paper empirically examines the relationship between oil consumption, nuclear energy consumption, oil price and economic growth in four emerging economies (Russia, China, South Korea, and India) over the period from 1965 to 2010. Applying a modified version of the granger causality test developed by Toda and Yamamoto, we find that the level of world crude oil prices (WTI) plays a crucial role in determining the economic growth in the investigated countries. The results suggest that there is a unidirectional causality running from real GDP to oil consumption in China and South Korea, while bidirectional relationship between oil consumption and real GDP growth appears in India. Furthermore, the results propose that while nuclear energy stimulates economic growth in both South Korea and India, the rapid increase in China economic growth requires additional usage of nuclear energy.

Keywords

Details

Primary Language

English

Subjects

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Journal Section

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Authors

Hanan Naser This is me

Publication Date

June 1, 2014

Submission Date

June 1, 2014

Acceptance Date

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Published in Issue

Year 2014 Volume: 4 Number: 2

APA
Naser, H. (2014). Oil Market, Nuclear Energy Consumption and Economic Growth: Evidence from Emerging Economies. International Journal of Energy Economics and Policy, 4(2), 288-296. https://izlik.org/JA38DC39HP
AMA
1.Naser H. Oil Market, Nuclear Energy Consumption and Economic Growth: Evidence from Emerging Economies. IJEEP. 2014;4(2):288-296. https://izlik.org/JA38DC39HP
Chicago
Naser, Hanan. 2014. “Oil Market, Nuclear Energy Consumption and Economic Growth: Evidence from Emerging Economies”. International Journal of Energy Economics and Policy 4 (2): 288-96. https://izlik.org/JA38DC39HP.
EndNote
Naser H (June 1, 2014) Oil Market, Nuclear Energy Consumption and Economic Growth: Evidence from Emerging Economies. International Journal of Energy Economics and Policy 4 2 288–296.
IEEE
[1]H. Naser, “Oil Market, Nuclear Energy Consumption and Economic Growth: Evidence from Emerging Economies”, IJEEP, vol. 4, no. 2, pp. 288–296, June 2014, [Online]. Available: https://izlik.org/JA38DC39HP
ISNAD
Naser, Hanan. “Oil Market, Nuclear Energy Consumption and Economic Growth: Evidence from Emerging Economies”. International Journal of Energy Economics and Policy 4/2 (June 1, 2014): 288-296. https://izlik.org/JA38DC39HP.
JAMA
1.Naser H. Oil Market, Nuclear Energy Consumption and Economic Growth: Evidence from Emerging Economies. IJEEP. 2014;4:288–296.
MLA
Naser, Hanan. “Oil Market, Nuclear Energy Consumption and Economic Growth: Evidence from Emerging Economies”. International Journal of Energy Economics and Policy, vol. 4, no. 2, June 2014, pp. 288-96, https://izlik.org/JA38DC39HP.
Vancouver
1.Hanan Naser. Oil Market, Nuclear Energy Consumption and Economic Growth: Evidence from Emerging Economies. IJEEP [Internet]. 2014 Jun. 1;4(2):288-96. Available from: https://izlik.org/JA38DC39HP