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This study uses panel cointegration regression techniques to examine the relationship between energy consumption, output and trade in a sample of 7 South American countries covering the period 1980 to 2007. Panel cointegration tests show a long-run relationship between 1) output, capital, labor,...
Persistent link: https://www.econbiz.de/10010571725
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
Departing from previous literature, using bootstrapped autoregressive metric causality approach which is more robust …
Persistent link: https://www.econbiz.de/10011100093
In this analysis we more accurately capture the cointegrating relationship between natural gas and crude oil prices by endogenously incorporating shifts in the cointegrating vector into the estimation of the cointegrating equation. Specifically, we allow the cointegrating equation to switch...
Persistent link: https://www.econbiz.de/10011100134
panel cointegration and Granger causality framework, the major sectors in China are studied using data collected from July … run. The Granger causality tests demonstrate a unidirectional, short-run Granger causality relationship running from oil … causality running from sectoral stocks to the interest rate for 2001/07–2005/10 and 2005/12–2007/06. However, the long …
Persistent link: https://www.econbiz.de/10010868757
-run unidirectional causality from energy consumption to economic growth, whereas in the long-run, it is the economic process that …
Persistent link: https://www.econbiz.de/10010868798
Granger causality methods for a panel of twenty four agricultural products based on monthly prices ranging from January 1980 …
Persistent link: https://www.econbiz.de/10010571710
energy. Using Fully modified ordinary least square (FMOLS), Dynamic ordinary least square (DOLS), and Granger causality …
Persistent link: https://www.econbiz.de/10010571726
This article analyzes the demand for electricity and provides out-of-sample forecasting at the sectoral level using a …
Persistent link: https://www.econbiz.de/10010718767
This paper examines the short-run and long-run dynamic relationship between the U.S. imported crude oil prices and exchange rates. The monthly data of the U.S. crude oil imports from five source countries during January 1996 and December 2009 are examined. Empirical results indicate that the...
Persistent link: https://www.econbiz.de/10011100126