Maslyuk, Svetlana; Smyth, Russell - In: Energy Economics 31 (2009) 1, pp. 109-118
While there is good reason to expect crude oil production to be non-linear, previous studies that have examined the … stochastic properties of crude oil production have assumed that crude oil production follows a linear process. If crude oil … unit roots in crude oil production. To realize our objective, this study applies a threshold autoregressive model with an …