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consumption. Applying this insight to the huge literature on energy-GDP causality explains that the results of total energy-GDP … causality tests frequently coincide with the results of energy type-GDP tests. Using the test by Toda–Yamamoto in combination …
Persistent link: https://www.econbiz.de/10010868712
The paper examines whether energy use drives economic growth or vice versa in the Indian context during 1970–71 to 2004–05. Utilizing Granger causality test, the study suggests that it is the economic growth that fuels more demand for both crude oil and electricity consumption and it is the...
Persistent link: https://www.econbiz.de/10011213069
GDP and capital stock in G-7 countries. These methods, the Dufour et al. [2006, Journal of Econometrics, 132 … interaction among energy consumption, real GDP and capital stock, while structural breaks do exist and appear to be critical for … causality inference. In regard to causality direction, we find that real GDP dominates in anticipating energy consumption in G-7 …
Persistent link: https://www.econbiz.de/10010681733
This paper examines the long-run equilibrium and the existence and direction of a causal relationship between carbon emissions, financial development, economic growth, energy consumption and trade openness for India. Our main contribution to the literature on Indian studies lies in the...
Persistent link: https://www.econbiz.de/10010781954
inputs capital and labour. We also find some evidence of bidirectional causality between GDP and energy use. Although the … evidence of causality from energy use to GDP was relatively weak when using the thermal aggregate of energy use, once energy … consumption was adjusted for energy quality, we found strong evidence of Granger causality from energy use to GDP in Australia …
Persistent link: https://www.econbiz.de/10010588000
growth and energy consumption in the Next 11 countries. Estimating a trivariate model consisting of GDP per capita, energy …
Persistent link: https://www.econbiz.de/10011100093
trade to GDP ratio results an increase in per capita carbon emissions and financial development variable has no significant …
Persistent link: https://www.econbiz.de/10011039670
We study the identification of oil shocks in a structural vector autoregressive (SVAR) model of the oil market. First, we show that the cross-equation restrictions of a SVAR impose a nonlinear relation between the short-run price elasticities of oil supply and oil demand. This relation implies...
Persistent link: https://www.econbiz.de/10011563138
In questo lavoro stimiamo gli effetti attesi dalle politiche a favore dell’efficienza energetica in Italia. A questo fine impieghiamo un modello vettoriale autoregressivo (VAR), e interpretiamo l’evoluzione delle variabili economiche e ambientali come il risultato della somma di shock di...
Persistent link: https://www.econbiz.de/10010875933
This paper aims to examine the asymmetric effect of oil price shocks on real economic activity in the U.S. within the context of a nonlinear Factor-Augmented Vector Autoregressive (FAVAR) model. By employing simulation methods, we trace the effects of positive and negative oil price shocks on...
Persistent link: https://www.econbiz.de/10010939436