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found an existence of long-run cointegration equation with electricity consumption inversely related to economic development …The study seeks to investigate the relationship between electricity consumption and economic development using an … controlling for the role of institutions, technology, emissions, and economic structure in the electricity consumption …
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This paper provides empirical evidence that there is no absolute convergence between the GDP per capita of the developing countries since 1950. Relying upon recent econometric methodologies (nonstationary long-memory models, wavelet models and time-varying factor representation models), we show...
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