Hatemi-J, Abdulnasser; Uddin, Gazi Salah - In: Economic Systems 36 (2012) 3, pp. 461-469
This paper re-examines the causal nexus of energy utilization and GDP per capita in the US. The novelty of the paper is to allow for asymmetry in causality by using a new test introduced by Hatemi-J (forthcoming). A bootstrap procedure is used with leveraged corrections that perform more...