UK regional data on GDP and the GDP deflator are analysed to extract information on underlying demand and supply shocks as well as aggregate demand and supply shocks. Identification is achieved using long run restrictions, based on a theoretical model. The main results are that the supply shocks...

There are many real-world situations in which complex interacting forces are best described by a series of equations. Traditional regression approaches to these situations involve modeling and estimating each individual equation (producing estimates of "partial derivatives") and then solving the...

Global temperature rise due to climate change has become a major concern for the policy makers. Since rising temperature has significant impact on electricity demand, the expansion of the electricity network and related augmentation plan of power industries will be affected due to the change in...