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Despite a bourgeoning literature on the existence of a long-run relationship between energy consumption and economic growth, the findings have failed to establish clearly the direction of causation. A growing economy needs more energy, which is exacerbated by growing population. Evidence...
Persistent link: https://www.econbiz.de/10012959944
This paper provides empirical evidence of an environmental Kuznets curve (EKC) hypothesis for Portugal by applying autoregressive distributed lag bounds testing approach from 1971 to 2008. In order to capture Portugal’s historical experience, demographic changes and international trade on...
Persistent link: https://www.econbiz.de/10011268840
Despite a bourgeoning literature on the existence of a long-run relationship between energy consumption and economic growth, the findings have failed to establish clearly the direction of causation. A growing economy needs more energy, which is exacerbated by growing population. Evidence...
Persistent link: https://www.econbiz.de/10008805450
The aim of present paper is to re-investigate the long-run and causal relationship between electricity consumption, income, financial development, population and foreign trade in Portugal using the bounds testing approach to cointegration within the unrestricted error-correction model (UECM)....
Persistent link: https://www.econbiz.de/10008805471
Using data for SAARC region, we found real GDP per capita is nonlinear stationary implying that shocks to economy by … economic policies (external or internal) have permanent effects on real per capita GDP of SAARC countries. This finding reveals …
Persistent link: https://www.econbiz.de/10008855813
This study investigates the existence of environmental Kuznets curve (EKC) for carbon dioxide (CO2) emissions and its relationship with economic growth, energy consumption and globalization over the period of 1990-2010. We apply a dynamic panel data (GMM-system estimator) using the data of...
Persistent link: https://www.econbiz.de/10010709712
Persistent link: https://www.econbiz.de/10009501083
vulnerable to oil prices shocks in terms of their adverse effects on GDP, inflation and balance of trade. The dependence of …
Persistent link: https://www.econbiz.de/10012901767
This paper examines the relationships between economic growth , energy consumption, trade openness and carbon dioxide emissions for the period 1970-2009 in case of Portugal. In doing so, we use a time series (OLS estimator, the regression with Newey -West standard errors, and ARMA model). We...
Persistent link: https://www.econbiz.de/10010902130
This study investigates the energy-growth-trade nexus in Pakistan by using the annual time series data for the period of 1973-2011. Our main results show: i) the presence of long-run link between energy consumption and trade performance; ii) positive impact of gross domestic product, exports, and...
Persistent link: https://www.econbiz.de/10010929414