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in techniques. We find that the results of the cointegration tests could be affected by the structural break(s) in the … an ultimate conclusion on the cointegration and causal direction between energy and output. When alternative frameworks …
Persistent link: https://www.econbiz.de/10009647268
-Hansen cointegration test and subsequently estimate our model using the Granger non-causality test (proposed by Toda and Yomamoto). Our …
Persistent link: https://www.econbiz.de/10010836289
This paper studied the cointegration and causality relations between China's energy consumption and economic growth. It … concludes that there is bi-directional causality, but no cointegration, between them; therefore, China may have underestimated …
Persistent link: https://www.econbiz.de/10010670043
In this paper, we describe our investigation of the cointegration and causal relationships between energy consumption … energy, capital and labour as separate inputs of production. The empirical evidence points to a cointegration relationship … between energy and output and implies that energy is an important variable in the cointegration space, as are conventional …
Persistent link: https://www.econbiz.de/10010588000
This paper's aim is to examine the relationship between energy consumption by fuel end economic growth in a comparative analysis for Spain, Romania and European Union. Applying a methodology in three steps on data for the 1990–2010 period, long-run and short-run relationships are revealed. On...
Persistent link: https://www.econbiz.de/10010580695
in techniques. We find that the results of the cointegration tests could be affected by the structural break(s) in the … an ultimate conclusion on the cointegration and causal direction between energy and output. When alternative frameworks …
Persistent link: https://www.econbiz.de/10010847139
challenges in the South Asian region. In this paper the authors investigate the presence of cointegration and causality …
Persistent link: https://www.econbiz.de/10011213151
Cointegration Test, Granger Causality Test tests based on VAR for the period of 1995-2011. Unidirectional causality relationship is …
Persistent link: https://www.econbiz.de/10010699665
This short paper investigates the cointegration and causality link between energy consumption and agricultural, non …. Empirical results suggest that there is only unidirectional causality running from agricultural and non-agricultural sectors to … energy consumption as well as from overall GDP growth to energy consumption. This unidirectional causality signifies a less …
Persistent link: https://www.econbiz.de/10005804845
. Stationarity tests reveal that both series are non-stationary, or I(1). Moreover, we found a cointegration relationship between the … two variables. The short-run dynamics of the variables show that the flow of causality runs from energy use to GDP, and …
Persistent link: https://www.econbiz.de/10008833269