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It is investigated the cointegration and causality relationship of the biomass energy consumption and economic growth … in the transition countries by the Panel ARDL method and Pedroni cointegration analysis. Analyzed countries are gathered … under two group. For Group 1, Pedroni panel cointegration test and ARDL bound test results show that biomass energy …
Persistent link: https://www.econbiz.de/10013089490
This paper disaggregates energy consumption and GDP data according to end-use to analyze a broad number of developed and developing countries grouped in panels by similar characteristics. Panel long-run causality is assessed with a relatively under-utilized approach recommend by Canning and...
Persistent link: https://www.econbiz.de/10014159365
This paper disaggregates energy consumption and GDP data according to end-use to analyze a broad number of developed and developing countries grouped in panels by similar characteristics. Panel long-run causality is assessed with a relatively under-utilized approach recommend by Canning and...
Persistent link: https://www.econbiz.de/10013030525
This study is different from previous energy-GDP cointegration/causality ones by examining whether total energy …
Persistent link: https://www.econbiz.de/10011108080
This study investigates changes in the relationship between oil prices and the US economy from a long-term perspective. Although neither of the two series (oil price and GDP growth rates) presents structural breaks in mean, we identify different volatility periods in both of them, separately....
Persistent link: https://www.econbiz.de/10011649469
Trade, economic development, and climate change issues are closely linked and this has significant implications for the design of climate change policies especially for developing countries. Developing countries regard the objective of economic development and growth as being as important as the...
Persistent link: https://www.econbiz.de/10010287910
Demand for industrial raw materials from emerging economies, particularly emerging Asia, is widely believed to have fueled the surge in oil and industrial commodity prices during 2002-2008. The paper first presents a simple storage model in which commodity prices respond to market participant's...
Persistent link: https://www.econbiz.de/10009504649
We examine the causal relationship between electricity consumption and sectoral output growth in Uganda. First, we use vector error correction techniques to estimate the long-run relationship between electricity consumption and GDP growth. Second, we apply Granger causality tests to determine...
Persistent link: https://www.econbiz.de/10011535522
One of the main reasons for the drop in oil prices that began in 2014 was a rapid increase in U.S. oil production—it reached the level of the other two biggest producers, Russia and Saudi Arabia, that same year. That, in turn, decreased U.S. demand for imported petroleum and hence put downward...
Persistent link: https://www.econbiz.de/10012962823
This study examines the relationship between economic development and environmental degradation for a global panel of 120 countries over the period 1990- 2016. We apply the Fixed Effect Model (FEM) to evaluate the environmental impact of economic development. This study makes an attempt to bring...
Persistent link: https://www.econbiz.de/10012912101