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-run relationship. Indeed, cointegration between the common components of the underlying variables indicates that international … energy consumption and economic growth. -- Energy consumption ; panel unit roots ; panel cointegration ; vector error …
Persistent link: https://www.econbiz.de/10003974670
-run relationship. Indeed, cointegration between the common components of the underlying variables indicates that international … energy consumption and economic growth. -- Energy consumption ; panel unit roots ; panel cointegration ; vector … Langfristbeziehung differenziert werden. In der Tat deutet Kointegration zwischen den gemeinsamen Faktoren der zugrundeliegenden …
Persistent link: https://www.econbiz.de/10003975447
The present paper shows how cointegration analysis within a multivariate framework may be applied for the estimation of …
Persistent link: https://www.econbiz.de/10010291064
The present paper shows how cointegration analysis within a multivariate framework may be applied for the estimation of …
Persistent link: https://www.econbiz.de/10005823244
Understanding the income/GDP and price elasticities of electricity demand is important for forecasting demand and evaluation of the potential impact of policies. Yet, there has been little work on this topic that focuses on countries outside the OECD. We employ a new database of cross-country...
Persistent link: https://www.econbiz.de/10013294822
low price elasticities. Furthermore, estimation results strongly depend on the observation period. Minor variations in the … estimation period typically lead to insignificant price terms often displaying the wrong sign. Based on an extensive econometric …. We find that imports, exports, investment, and a relative import price form highly stable cointegration relationships …
Persistent link: https://www.econbiz.de/10003747642
estimation method that estimates the trend and coefficient functions in a highly non-linear way. We find that the price …
Persistent link: https://www.econbiz.de/10012848796
In this paper we use multivariate cointegration analysis to estimate electricity demand elasticities at the subsectoral … structural breaks we find cointegration relationships for five of the eight subsectors studied. The long-run elasticities range …
Persistent link: https://www.econbiz.de/10013068848
This paper analyzes the determinants of German exports to the euro area, which is by far the biggest market for German products. Four conditional error-correction models based on regionally disaggregated data are developed. One specification includes EMU industrial production and a real external...
Persistent link: https://www.econbiz.de/10003744525
This study revisits the import demand function for Turkey using the newly defined national income data and examines the evolution of the income and price elasticities over time. In this respect, demand functions are estimated for the total imports and its subcomponents separately, and the...
Persistent link: https://www.econbiz.de/10012000879