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results indicate that all variables are integrated of order one and cointegration analysis reports that cointegrating …
Persistent link: https://www.econbiz.de/10010578201
in Turkey by using the co-integration and vector error-correction models with structural breaks. It employs annual data …
Persistent link: https://www.econbiz.de/10008492977
In this paper, we describe our investigation of the cointegration and causal relationships between energy consumption … energy, capital and labour as separate inputs of production. The empirical evidence points to a cointegration relationship … between energy and output and implies that energy is an important variable in the cointegration space, as are conventional …
Persistent link: https://www.econbiz.de/10010588000
The main purpose of this paper is to show evidence about the negative impact of oil price shocks in the economy of Spain. Since oil demand is continuously increasing all around the world and OPEC countries use to act having certain power to raise them, it is necessary to study how these price...
Persistent link: https://www.econbiz.de/10008578252
The present paper considers an Italian dataset with an annual frequency from 1861 to 2000. It implements Granger non-causality tests between energy consumption and output contrasting methods allowing for structural change with those imposing parameter stability throughout the sample. Though some...
Persistent link: https://www.econbiz.de/10008764922
annual data from 1970 to 2009. We applied cointegration, Granger causality and impulse response functions to capture the …
Persistent link: https://www.econbiz.de/10010674828
Using monthly data, this paper studies the cointegration between the real price of oil and the real effective exchange … that the cointegration between the oil price and the value of US dollar does not significantly exist unless the effects of …
Persistent link: https://www.econbiz.de/10010701188
This paper studies the nonlinear adjustment between industrial production and carbon prices – coined as ‘the carbon-macroeconomy relationship’ – in the EU 27. We model carbon price returns and industrial production as nonlinear and state-dependent, with dynamics depending on the sign and...
Persistent link: https://www.econbiz.de/10010706442
Granger Cointegration test exhibits the absence of long-run relationship among the variables. Two tests of causality, standard …
Persistent link: https://www.econbiz.de/10014197040
testing for cointegration in a multivariate framework. The error correction mechanism is employed to detect causal … relationship in the presence of cointegration among three variables. Empirical results for Thailand during 2001Q1 and 2014Q2 …
Persistent link: https://www.econbiz.de/10014139783