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1、本科畢業(yè)論文外文翻譯外文題目：EnergyConsumptionAndEcomomicGrowthInSouthAsianCountries:ACo-integratedPanelAnalysis出處：InternationalJournalofBusinessandEconomicSciences2010（4）:245-250作者：S.NoorandM.WSiddiqiEnergyConsumptionandEconomicGrowthinSouthAsianCountries:ACo-integratedPanelAnalysisS.NoorandM.W.SiddiqiAbst
2、ractThisstudyexaminescausallinkbetweenenergyuseandeconomicgrowthforfiveSouthAsiancountriesoverperiod1971-2006.Panelcointegration,ECMandFMOLSareappliedforshortandlongrunestimates.InshortrununidirectionalcausalityfrompercapitaGDPtopercapitaenergyconsumptionisfound,butnotviceversa.Inlongrunoneper
3、centincreaseinpercapitaenergyconsumptiontendtodecrease0.13percentpercapitaGDP.I.e.Energyusediscourageeconomicgrowth.ThisshortandlongrunrelationshipindicateenergyshortagecrisisinSouthAsiaduetoincreasedenergyusecoupledwithinsufficientenergysupply.Besidethislongrunestimatedcoefficientoferrorterms
4、uggestthatshorttermadjustmenttoequilibriumaredrivenbyadjustmentbacktolongrunequilibrium.Moreover,percapitaenergyconsumptionisresponsivetoadjustmentbacktoequilibriumandittakes59yearsapproximately.Itspecifieslongrunfeedbackbetweenbothvariables.1.IntroductionEnergyistheengineofeconomicgrowth,asma
5、nyproductionandconsumptionactivitiesinvolveenergyasbasicinput.Onproductionside,conventionallyeconomistssinceAdamSmithhavetalkedaboutland,labor,andcapitalasmajorinputsforeconomicactivity.Theseinputsweresignificantingredientsofagrarianeconomiesof17thand18thcenturies.However,in19thcentury,thegrow
6、thofindustrialnationshasobservedafourthmajorinputthatisenergy.Onconsumptionside,intheKeynesianframeworkwhereconsumptionandincomearesignificantlycorrelated,similarlyenergyconsumptioninallformsdriveseconomicproductivity.Itleadstoeconomicgrowthandprosperitywhichensuresexpansionoftheeconomyinterms
7、ofhigherGDPandGDPpercapita.Thepreeminentcaseoftheprimaryroleofenergythatitplaysanimportantroleintheeconomywasfoundin1970senergycrisis.In1stoilcrisisOAPECrestrainedoilconsignmenttoUSandothercountriesastheysupportedIsraelinconflict.Restri
