Showing 1 - 10 of 1,594
(GDP) for Pakistan using annual data covering the period 1971–72 to 2007–08. Augmented Dickey-Fuller test reveals that both …
Persistent link: https://www.econbiz.de/10013099372
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
Though there is a very large literature examining whether energy use Granger causes economic output or vice versa this literature is fairly inconclusive. Almost all existing studies use relatively short time series or panels with a relatively small time dimension. Additionally, many recent...
Persistent link: https://www.econbiz.de/10013063467
In this era of intensive electricity utilization for economic development, the role of urbanization remains inconclusive, especially in developing economies. Here, this study examined the electricity consumption and economic growth nexus in a trivariate framework by incorporating urbanization as...
Persistent link: https://www.econbiz.de/10012171561
This paper has explored the role of electricity consumption financial development and trade openness on the CO2 emissions. The study utilizes annual data from 1972 to 2014 and employs various robust econometric techniques. Our analysis reveals that there is no long-term relationship financial...
Persistent link: https://www.econbiz.de/10012845838
This study examines the Granger causality between electricity consumption and Gross Domestic Product (GDP) for Pakistan …
Persistent link: https://www.econbiz.de/10014197040
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
Using the aggregate number of oil rigs as a proxy of oil investment, I evaluate the bidirectional relationship between oil prices and oil investment in OPEC and Non-OPEC countries. We take advantage of Bayesian estimation techniques and innovation accounting to incorporate the long run dynamics...
Persistent link: https://www.econbiz.de/10012720960
. Although neither of the two series (oil price and GDP growth rates) presents structural breaks in mean, we identify different … changes in oil prices and GDP growth when considering the full period. However, we find a significant relationship in some … framework. Finally, we obtain evidence, by means of a time-varying VAR, that the impact of the oil price shock on GDP growth has …
Persistent link: https://www.econbiz.de/10011649469
In this work, we test the price sensitivity of sector indices to changes in the oil price over the period 2001 to 2021 using the kernel method and the non-linear autoregressive method with distributed lags (NARDL) proposed by Shin et al., (2014). We capture both short-term and long-term...
Persistent link: https://www.econbiz.de/10014348440