consumption, as captured by the long-run marginal propensity to consume from financial wealth (mpcw). The international evidence … changes in both consumption and wealth. Using a suitable panel technique, it is found that the hypothesis of a common long …

This paper disaggregates energy consumption and GDP data according to end-use to analyze a broad number of developed … both the industry and service/commercial sectors, where aggregate energy consumption is expected to cause aggregate output … consumption and per capita gasoline consumption. We uncover for 12 different panels a set of super-consistent causality findings …

residuals of our pooled estimated modelare stationary. This indicates that on a pooled time series levelthere is cointegration …

the aggregate consumption to income ratio. By standard intertemporal budget constraint logic, this ratio is linked to … expectations of future income and consumption growth rates. We investigate whether these expectations suffice to explain the shifts … in the consumption-income ratio that occur during disaster periods or whether, on the other hand, consumers become more …

The objective of this paper is to find out whether there is a long-term relationship or in other words cointegration …

cointegration techniques. The EKC literature has failed to acknowledge that such regressions involve unit root nonstationary …-sample KPSS type cointegration test. We present simulation results illustrating the performance of the estimators and tests. In … modified estimation ; nonlinear cointegration analysis ; environmental Kuznets curve …