인도의 에너지 소비와 경제성장 및 도시화 간의 인과관계 분석

This paper analyzes the causal relationship between energy consumption and economic growth and urbanization in India using time series data for 1970 to 2016 with VECM and VAR. In long - term causality analysis, coal consumption supports growth hypothesis and feedback hypothesis, and gas is analyzed as a unidirectional causality of economic growth. Primary energy consumption, oil, and hydro power are analyzed as causes of economic growth, and India 's energy consumption supports the growth hypothesis. In the VAR analysis, urbanization is a causality of economic growth, and primary energy, oil, and hydroelectric power are the causality of urbanization. In this paper, as the growth hypothesis of energy consumption is supported, it is concluded that conservation policy for energy consumption should be carried out very carefully and the policy of adequate energy supply is very important. As the urbanization progresses, consumption of primary energy consumption, oil, and hydroelectric power generation is expected to increase, suggesting that the policy for energy supply and demand due to rapid urbanization is very urgent, and this area will be practical one for the bilateral cooperation between India and Korea.