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In this article we apply univariate and panel Lagrange Multiplier (LM) unit root tests with one and twostructural breaks proposed by Lee and Strazicich (2003, 2004) and Im <italic>et al</italic>. (2005) to examine housing prices for five different housing price indices (all housing, detached housing,...
Persistent link: https://www.econbiz.de/10010971207
We use an augmented production function approach to examine the relationship between disaggregated energy consumption by fuel type and economic growth in Malaysia. The main finding is that diesel is the major contributor to economic growth in the long run in Malaysia. The long run elasticity for...
Persistent link: https://www.econbiz.de/10010930631
Previous studies that have tested for a unit root in aggregate energy consumption have potentially reached misleading conclusions because they fail to allow for the possibility that energy consumption might be fractionally integrated and do not distinguish between different types of energy...
Persistent link: https://www.econbiz.de/10005022766
This paper employs annual data for Malaysia from 1970 to 2008 to examine the causal relationship between economic growth, electricity generation, exports and prices in a multivariate model. We find that there is unidirectional Granger causality running from economic growth to electricity...
Persistent link: https://www.econbiz.de/10010811732
The objective of this paper is to examine whether energy consumption in Malaysia, disaggregated by sector and type, is stationary or contains a unit root. To realize our objective we apply the Lagrange multiplier (LM) family of unit root tests with up to two structural breaks. Depending on the...
Persistent link: https://www.econbiz.de/10010667367
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In this article we apply univariate and panel Lagrange Multiplier (LM) unit root tests with one and twostructural breaks proposed by Lee and Strazicich (2003, 2004) and Im et�al . (2005) to examine housing prices for five different housing price indices (all housing, detached housing,...
Persistent link: https://www.econbiz.de/10010692452