recent developed panel cointegration techniques. In contrast to previous studies, the analysis accounts for the fact that … cointegration relationship can be established among the variables. The income elasticity is not different from unity, implying that … evidence is unchanged, if alternative estimators of the cointegration vector are used. Controlling for cross section dependency …

energy consumption and economic growth. -- Energy consumption ; panel unit roots ; panel cointegration ; vector error …-run relationship. Indeed, cointegration between the common components of the underlying variables indicates that international … energy consumption is price-inelastic. Causality tests indicate the presence of a bi-directional causal relationship between …

energy consumption and economic growth. -- Energy consumption ; panel unit roots ; panel cointegration ; vector …-run relationship. Indeed, cointegration between the common components of the underlying variables indicates that international … energy consumption is price-inelastic. Causality tests indicate the presence of a bi-directional causal relationship between …

-run relationship. Indeed, cointegration between the common components of the underlying variables indicates that international … energy consumption is price-inelastic. Causality tests indicate the presence of a bi-directional …

system and the current managed float. Panel integration techniques are applied to increase the power of the tests, where …

system and the current managed float. Panel integration techniques are applied to increase the power of the tests, where …