Aluminum Consumption and Economic Growth: Evidence from Rich Countries
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-se...
| Main Author: | |
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| Format: | Journal Article |
| Published: |
Springer
2012
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| Online Access: | http://hdl.handle.net/20.500.11937/51124 |
| _version_ | 1848758621068853248 |
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| author | Jaunky, Vishal |
| author_facet | Jaunky, Vishal |
| author_sort | Jaunky, Vishal |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T09:46:54Z |
| format | Journal Article |
| id | curtin-20.500.11937-51124 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T09:46:54Z |
| publishDate | 2012 |
| publisher | Springer |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-511242017-09-13T15:34:26Z Aluminum Consumption and Economic Growth: Evidence from Rich Countries Jaunky, Vishal 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. 2012 Journal Article http://hdl.handle.net/20.500.11937/51124 10.1007/s11053-012-9171-7 Springer restricted |
| spellingShingle | Jaunky, Vishal Aluminum Consumption and Economic Growth: Evidence from Rich Countries |
| title | Aluminum Consumption and Economic Growth: Evidence from Rich Countries |
| title_full | Aluminum Consumption and Economic Growth: Evidence from Rich Countries |
| title_fullStr | Aluminum Consumption and Economic Growth: Evidence from Rich Countries |
| title_full_unstemmed | Aluminum Consumption and Economic Growth: Evidence from Rich Countries |
| title_short | Aluminum Consumption and Economic Growth: Evidence from Rich Countries |
| title_sort | aluminum consumption and economic growth: evidence from rich countries |
| url | http://hdl.handle.net/20.500.11937/51124 |