Causality Between Energy Consumption and Output Growth in Indian Cement Industry: An Application of Panel Vector Error Correction Model
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Working Paper
Book: 238Author
Edition
1st ed.
Publisher
ISBN
8177911945
Length
11p., 30cm.
Subjects
The aim of this paper is to examine the existence and direction of the causal relationship between energy consumption and output growth for Indian cement industry for the period 1979-80 to 2004-05. The most recently developed panel unit root, heterogeneous panel cointegration and panel-based error correction models have been applied in a multivariate framework including capital stock, labor, and material other than energy and output. The empirical results confirm ...
