Jaunky,V.C.(2012): Aluminum consumption and economic growth: Evidence from rich countries. Natural Resources Research, 21(2), 265-278.

『アルミニウム消費と経済成長:富裕国からの証拠』


(Abstract)
 The article attempts to test the aluminum consumption-economic growth nexus for 20 rich economies for the period 1970-2009. Various panel data unit root and cointegration tests are applied. The series are found to be integrated of order one and cointegrated, especially after controlling for cross-sectional dependence. Moreover, the Blundell-Bond system generalized methods-of-moments is employed to conduct a panel causality test in a vector error-correction mechanism setting. Unidirectional causality running from aluminum consumption to real GDP is uncovered in the short-run, while real GDP is found to Granger-cause aluminum consumption in the long-run. Moreover, a 1% increase in real GDP generates an increase of 0.44% in aluminum consumption in the long-run for the whole panel.

Key words: aluminum consumption; economic growth; panel causality; panel DOLS.』

Introduction
Review of literature
The testing framework
 Panel unit root and cointegration tests
 Panel VECM-based causality test
 Long-run elasticities
Conclusion and policy implications
Acknowledgments
References


戻る