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Causal Linkages between Electricity Consumption and GDP in Thailand : Evidence from the Bounds Test

Jiranyakul, Komain - 2016

This paper investigates the causal relationship between electricity consumption and real GDP by applying the bounds … suggest that there is long-run unidirectional causality between electricity consumption and real GDP. The source of causation …

Persistent link: https://www.econbiz.de/10014139783

Is Per Capita Energy Use Stationary? Time Series Evidence for the EMU Countries

Magazzino, Cosimo - 2017

This study examines the stationary properties of per capita energy use in the 19 Eurozone member countries by using annual data over 1960–2013 period. We utilize the Clemente et al. unit root test that determines structural breaks. Empirical results show that most of the country series does...

Persistent link: https://www.econbiz.de/10012966582

The electricity consumption and economic growth nexus in Pakistan : a new evidence

Atif, Syed Muhammad; Siddiqib, Muhammad Wasif - 2010

This study examines the Granger causality between electricity consumption and Gross Domestic Product (GDP) for Pakistan …

Persistent link: https://www.econbiz.de/10009656496

Estimating the economy-wide rebound effect using empirically identified structural vector autoregressions

Bruns, Stephan B.; Moneta, Alessio; Stern, David I. - 2019

The size of the economy-wide rebound effect is crucial for estimating the contribution that energy efficiency improvements can make to reducing greenhouse gas emissions and for understanding the drivers of energy use. Existing estimates, which vary widely, are based on computable general...

Persistent link: https://www.econbiz.de/10012053107

Is There Really Granger Causality between Energy Use and Output?

Bruns, Stephan B.; Gross, Christian; Stern, David I. - 2013

We carry out a meta-analysis of the very large literature on testing for Granger causality between energy use and economic output to determine if there is a genuine effect in this literature or whether the large number of apparently significant results is due to publication or misspecification...

Persistent link: https://www.econbiz.de/10014153366

Is There Really Granger Causality between Energy Use and Output?

Bruns, Stephan B.; Gross, Christian; Stern, David I. - 2013

We carry out a meta-analysis of the very large literature on Granger causality tests between energy use and economic output to determine if there is a genuine effect in this literature or whether the large number of apparently significant results is due to publication and misspecification bias....

Persistent link: https://www.econbiz.de/10014159943

The U.S. Oil Supply Revolution and the Global Economy

Mohaddes, Kamiar - 2017

-driven oil price shock, with real GDP increasing in both advanced and emerging market oil-importing economies, output declining …

Persistent link: https://www.econbiz.de/10012970152

Do Oil Prices Help Forecast U.S. Real GDP? The Role of Nonlinearities and Asymmetries

Kilian, Lutz - 2012

There is a long tradition of using oil prices to forecast U.S. real GDP. It has been suggested that the predictive … relationship between the price of oil and one-quarter ahead U.S. real GDP is nonlinear in that (1) oil price increases matter only … price of oil is not helpful for out-of-sample forecasting; more robust and more accurate real GDP forecasts are obtained …

Persistent link: https://www.econbiz.de/10013100207

On the Macroeconomic Determinants of Long-Term Volatilities and Correlations in U.S. Stock and Crude Oil Markets

Conrad, Christian - 2014

Using a modified DCC-MIDAS specification, we endogenize the long-term correlation between crude oil and stock price returns with respect to the stance of the U.S. macroeconomy. We find that variables that contain information on current and future economic activity are helpful predictors of...

Persistent link: https://www.econbiz.de/10013066427

Pitfalls in Estimating Asymmetric Effects of Energy Price Shocks

Kilian, Lutz - 2009

A common view in the literature is that the effect of energy price shocks on macroeconomic aggregates is asymmetric in energy price increases and decreases. We show that widely used asymmetric vector autoregressive models of the transmission of energy price shocks are misspecified, resulting in...

Persistent link: https://www.econbiz.de/10013158882