Aluminum Consumption and Economic Growth
Evidence from Rich Countries
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Author / Creator
Date
2012-06
Publication Type
Journal Article
ETH Bibliography
yes
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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. © 2012 International Association for Mathematical Geology.
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Publication status
published
External links
Editor
Book title
Journal / series
Volume
21 (2)
Pages / Article No.
265 - 278
Publisher
Springer
Event
Edition / version
Methods
Geographic location
Date collected
Date created
Subject
Aluminum consumption; Economic growth; Panel causality; Panel DOLS; C33; O40; Q54
Organisational unit
03797 - Rutherford, Thomas (ehemalig)
02651 - Center for Energy Policy and Economics / Centre for Energy Policy and Economics
Notes
Received 4 September 2011, Accepted 7 February 2012, Published online 9 March 2012. It was possible to publish this article open access thanks to a Swiss National Licence with the publisher