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Impact of hard coal usage for metal production on economic growth of Poland

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  • Lukasz Lach

    (AGH University of Science and Technology in Cracow, Department of Applications of Mathematics in Economics)

Abstract

This study provides an analysis of causal links between GDP and usage of hard coal in production of metals in Poland. In order to assure the correctness of computations a third variable - employment - was included in the dataset. Linear and nonlinear dynamic interactions were investigated for the period 2000-2009 on a quarterly basis. The results suggest that in examined period there was a short-run unidirectional causality from GDP to coal usage. On the other hand, the usage of hard coal in production of metals was found to cause GDP and employment in the long-run. Moreover, the impulse response analysis confirmed that the impact of coal usage on GDP and employment was generally negative. All these findings lead to conclusion that in recent decade the usage of hard coal in production of metals did not have a positive impact on economic growth and employment in Poland.

Suggested Citation

  • Lukasz Lach, 2011. "Impact of hard coal usage for metal production on economic growth of Poland," Managerial Economics, AGH University of Science and Technology, Faculty of Management, vol. 9, pages 103-120.
    • Handle: RePEc:agh:journl:v:9:y:2011:p:103-120
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    File URL: http://www.managerial.zarz.agh.edu.pl/old/Managerial%20Economics%20%209%20%282011%29.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    economic growth; hard coal usage; linear Granger causality; nonlinear Granger causality; impulse response analysis;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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