دانلود مقاله ISI انگلیسی شماره 11099
عنوان فارسی مقاله

مصرف انرژی هسته ای و رشد اقتصادی در نه کشور توسعه یافته

کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
11099 2010 7 صفحه PDF سفارش دهید محاسبه نشده
خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.
عنوان انگلیسی
Nuclear energy consumption and economic growth in nine developed countries
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Energy Economics, Volume 32, Issue 3, May 2010, Pages 550–556

کلمات کلیدی
مصرف انرژی هسته ای - رشد اقتصادی - علیت - تجزیه واریانس
پیش نمایش مقاله
پیش نمایش مقاله مصرف انرژی هسته ای و رشد اقتصادی در نه کشور توسعه یافته

چکیده انگلیسی

This article attempts to test the causal relationship between nuclear energy consumption and real GDP for nine developed countries for the period 1971-2005 by including capital and labour as additional variables. Using a modified version of the Granger causality test developed by Toda and Yamamoto (1995), we found a unidirectional causality running from nuclear energy consumption to economic growth in Japan, Netherlands and Switzerland; the opposite uni-directional causality running from economic growth to nuclear energy consumption in Canada and Sweden; and a bi-directional causality running between economic growth and nuclear energy consumption in France, Spain, the United Kingdom and the United States. In Spain, the United Kingdom and the USA, increases in nuclear energy consumption caused increases in economic growth implying that conservation measures taken that reduce nuclear energy consumption may negatively affect economic growth. In France, Japan, Netherlands and Switzerland increases in nuclear energy consumption caused decreases in economic growth, suggesting that energy conservation measure taken that reduce nuclear energy consumption may help to mitigate the adverse effects of nuclear energy consumption on economic growth. In Canada and Sweden energy conservation measures affecting nuclear energy consumption may not harm economic growth.

مقدمه انگلیسی

The high degree of concentration of energy supply sources where over 68% of oil is concentrated in the volatile region of the Middle East, and where 67% of gas reserves are concentrated in Russia, clearly involves risks in terms of the reliability of the supply of energy needs for many energy-importing countries (World Coal Institute, 2006, Fiore, 2006, Toth and Rogner, 2006, Elliot, 2007, Ferguson, 2007, World Energy Council, 2007, Gnansounou, 2008, Squassoni, 2009 and Tol et al., 2009). Since the 1973 oil crisis, supply security has become a primary concern for many oil-importing countries and this insecurity has made the search for alternative sources of cheap domestic energy supply one of the main deriving forces behind the energy policy of many energy importing countries (Toth and Rogner, 2006). Diversifying the sources of energy and finding a stable, safe and clean energy supply have become one of the main priorities of energy policy for many countries (see, Fiore, 2006, Toth and Rogner, 2006, Elliot, 2007 and Ferguson, 2007). As part of their strategy of increasing energy security, many countries have built nuclear power plants not only to reduce dependence on imported oil but also to increase the supply of secured energy and also to minimize the price volatility associated with oil imports (Toth and Rogner, 2006 and Vaillancourt et al., 2008). The advantage of nuclear energy has also become even more pressing as a result of the Kyoto Agreement that requires signatories to cut back substantially on their emissions of CO2 in order to reduce global warming (Becker and Posner, 2005). Many believe that nuclear energy, as a virtually carbon free source of energy, is one of the solutions to global warming and energy security (Elliot, 2007 and Ferguson, 2007). Hence, serious concerns over rising fossil fuel prices, energy security, and greenhouse gas emissions have brought the importance of nuclear energy to the forefront of the wider issue of the energy debate. As the IEA notes, nuclear energy is attracting new interest for increasing the diversity of energy supplies, for improving energy security, and for providing a low-carbon alternative to fossil fuels (International Energy Agency, IEA, 2008). Thus, the importance of nuclear energy as a potential source of energy security and as a virtually carbon free source of energy necessitates not only further research but also the use of alternative testing methodologies to examine the causal relationship between nuclear energy consumption and economic growth. In a recent bivariate study on the causal relationship between nuclear energy consumption and economic growth, Yoo and Ku (2009) suggest that future research should investigate causal relationships using a more generalized multivariate system. In this paper, we do exactly that. Specifically, we examine the casual relationship between nuclear energy consumption and real GDP in nine developed countries for the period 1971-2005 which also includes capital and labor as additional variables. We include capital and labor as additional variables because nuclear energy alone might not be strong enough to spur economic growth. Further, exclusion of a relevant variable(s) makes the estimates not only biased as well as inconsistent but also no-causality in a bivariate system can result from neglected variables (Lütkepohl, 1982). It is possible that the introduction of a third or a fourth variable in the causality framework may not only alter the direction of causality but also the magnitude of the estimates (Loizides and Vamvoukas, 2005). In addition, since a four-variable case incorporates more information than a bivariate case, the causal inference drawn may be more reliable (Loizides and Vamvoukas, 2005). Thus, the previous bivariate causality tests between energy consumption and economic growth may be invalid due to the omission of important variables affecting both energy consumption and economic growth. In this paper the empirical evidence is carried out using the procedure developed by Toda and Yamamoto (1995, hereafter TY) which is valid regardless of whether a series is I(0), I(1) or I(2), non-cointegrated or cointegrated of any arbitrary order. Secondly, unlike previous studies, this paper attempts to quantify how much feedback exists from one series to the other using the recently developed generalized forecast error variance decomposition technique proposed by Pesaran and Shin (1998) which is invariant to the ordering of the variables (see Payne, 2002). The rest of the paper is structured as follows. In Section 2 we give a brief account of the role of nuclear energy followed in Section 3 by a short summary of the empirical literature. In Section 4 we present a short description of the methodology used, while the empirical evidence is discussed in Section 5. The summary and the concluding remarks are presented in Section 6.

نتیجه گیری انگلیسی

The aim of this paper was to test the causal relationship between nuclear energy consumption and real GDP for nine developed countries for the period 1971-2005 within a vector autoregressive (VAR) framework by including capital and labour as additional variables to the nuclear energy-economic growth nexus. To do so, we applied two methodologies. First, we used a modified version of the Granger causality test, which is valid regardless of whether a series is I(0), I(1) or I(2), non-cointegrated or cointegrated of any arbitrary order. Secondly, we used the generalized variance decomposition analysis that is invariant to the ordering of the variables in the VAR system. The paper found a unidirectional causality running from nuclear energy consumption to economic growth in Japan, Netherlands and Switzerland while we found the opposite causality running from economic growth to nuclear energy consumption in Canada and Sweden. Unlike Canada, in Sweden nuclear energy consumption was negatively associated with economic growth hence there is a need to make the nuclear energy sector more efficient. In Spain, the UK and the USA, increases in nuclear energy consumption caused an increase in economic growth implying that energy conservation measures taken may negatively affect economic growth. In France, Japan, Netherlands and Switzerland, since increases in nuclear energy consumption caused a fall in economic growth, energy conservation measures may help to mitigate the adverse effects of nuclear energy consumption on economic growth. In Canada and Sweden energy conservation measures taken to reduce nuclear energy consumption may not harm economic growth. In many countries there is a keen interest in developing nuclear energy as a means of ensuring energy security and stabilising and/or reducing greenhouse gas (GHG) emissions; but economic necessity should not outweigh the risks involved. Nuclear safety is a global concern that needs a global solution. The right balance should be struck between the quest for economic growth, nuclear safety, clean energy and the drive towards making these countries relatively energy independent.

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