Lee, Chien-Chiang; Chang, Chun-Ping; Chen, Pei-Fen - In: Energy Economics 30 (2008) 5, pp. 2359-2373
This paper applies a recent advance in panel analysis to estimate the panel cointegration and panel vector error correction models for a set of 22 OECD countries using annual data covering the period 1960-2001. We investigate the relationship between energy consumption and income using an...