Omay, Tolga; Hasanov, Mübariz; Uçar, Nuri - In: Applied Econometrics 34 (2014) 2, pp. 36-55
In this paper, we examine nonlinear interrelationship between energy consumption and output level for a panel of G7 countries. For this purpose, we propose a nonlinear cointegration test in heterogeneous panels for testing the presence of a co-integrating relationship that follows a globally...