@article{article_350658, title={Energy-Growth Causality: Asian Countries Revisited}, journal={International Journal of Energy Economics and Policy}, volume={1}, pages={140–149}, year={2011}, author={Lau, Evan and Chye, Xiao-hui and Choong, Chee-Keong}, keywords={Energy consumption, Panel analysis, Economic growth, Asian countries}, abstract={Understanding the impact of energy consumption on economic growth is an important consideration in the formulation of both energy and environmental policies. Motivated by this development, this paper empirically re-examines the direction of causality and the sign (in the panel sense) between energy consumption (EC) and the gross-domestic product (GDP) for seventeen selected Asian countries. Results reveal long-run stable equilibriums in these countries, while the EC brings about a positive impact on GDP. Causality runs from EC to GDP in the short-run, while the long-run causal linkage exists from GDP to EC. This indicates that energy is a force for economic growth in the short-run, but in the long-run, the EC is fundamentally driven by economic growth. Efficient coordination and cooperation towards the implementation of energy conservation policies to support sustainable economic development should be in the regional agenda.}, number={4}, publisher={İlhan ÖZTÜRK}