Showing 1 - 10 of 1,748
This paper evaluates the convergence of energy intensities for a group of 97 countries in the period 1971 …–2003. Convergence is tested using a recent method proposed by Pesaran (2007) [Pesaran, M.H., 2007. A pair-wise approach to testing for … output and growth convergence. Journal of Econometrics 138, 312–355] based on the stochastic convergence criterion. An …
Persistent link: https://www.econbiz.de/10009189920
electricity-intensity convergence across the Chinese provinces. Unlike previous work, this paper highlights the relevance of the … convergence. We perform several unit root tests that introduce structural breaks, nonlinearities and time variation, with the aim … over time. However, this convergence pattern occurs within groups of regions, according with club convergence test. Indeed …
Persistent link: https://www.econbiz.de/10010616830
aggregate energy intensity dynamics. A convergence analysis reveals that only after 1995 cross-country variation in aggregate … convergence in Services. Moreover, we find evidence for the hypothesis that across sectors lagging countries are catching-up with … leading countries, with rates of convergence on average being higher in Services than in Manufacturing. Aggregate convergence …
Persistent link: https://www.econbiz.de/10011256243
We present a detailed analysis of energy intensity developments across 23 service sectors in 18 OECD countries over the period 1980–2005. We find that the shift towards a service economy has contributed to lower overall energy intensity levels in the OECD, but this contribution would have been...
Persistent link: https://www.econbiz.de/10010753182
. A convergence analysis reveals that only after 1995 cross-country variation in aggregate energy intensity levels clearly … tends to decrease, driven by a strong and robust trend break in Manufacturing and enhanced convergence in Services. Moreover … rates of convergence that are on average higher in Services than in Manufacturing. Aggregate convergence patterns are almost …
Persistent link: https://www.econbiz.de/10010587996
aggregate energy intensity dynamics. A convergence analysis reveals that only after 1995 cross-country variation in aggregate … convergence in Services. Moreover, we find evidence for the hypothesis that across sectors lagging countries are catching-up with … leading countries, with rates of convergence on average being higher in Services than in Manufacturing. Aggregate convergence …
Persistent link: https://www.econbiz.de/10010326376
Persistent link: https://www.econbiz.de/10009722687
We investigate the efficiency of the Dickey-Fuller (DF) test as a tool to examine the convergence hypothesis. In doing … deterministic and stochastic trends. This issue may explain the lack of support for the convergence hypothesis in the aforementioned …
Persistent link: https://www.econbiz.de/10011107709
and improve citizens’ living standards. This study evaluates the convergence in real GDP per-capita, as a suitable proxy … definitions of convergence and common trends, the presented evidence supports the existence of common long-run trends driving … output in South America, meaning that the region is involved in a dynamic process of convergence in living standards. …
Persistent link: https://www.econbiz.de/10010930314
countries. Economists have used the disequilibrium adjustment property of growth models to justify the view that convergence … parameters of a growth model that has the conditional convergence property and then computing the speed of convergence implied by … a stochastic neoclassical growth model and compute the speed of conditional convergence in the non-stochastic model from …
Persistent link: https://www.econbiz.de/10004990451