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This paper empirically examines the dynamic causal relationships between electricity consumption and economic growth for five different panels (namely high income, upper middle income, lower middle income, low income based on World Bank income classification and global) using time series data...
Persistent link: https://www.econbiz.de/10009690044
The literature that tests for U-shaped relationships using panel data, such as those between pollution and income or inequality and growth, reports widely divergent (parametric and non-parametric) empirical findings. We explain why lack of identification lies at the root of these differences. To...
Persistent link: https://www.econbiz.de/10005137196
This discussion paper resulted in a publication in the <I>Journal of Environmental Economics & Management</I>, 2009, 58, 27-42.<P> The literature that tests for U-shaped relationships using panel data, such as those between pollution and income or inequality and growth, reports widely divergent...</p></i>
Persistent link: https://www.econbiz.de/10011256480
relatively homogeneous sample, we find that the inverted-U-shaped curve is quite sensitive to the degree of heterogeneity … allowing for enough heterogeneity is essential to prevent spurious correlation from reduced-form panel estimations. Moreover …
Persistent link: https://www.econbiz.de/10014066388
make use of estimators that likely suffer less from heterogeneity, cross-sectional dependence, and other common factor …
Persistent link: https://www.econbiz.de/10011447524
estimation methods, allowing for heterogeneity and cross-sectional dependence. However, to check robustness of our panel results …
Persistent link: https://www.econbiz.de/10011635193
make use of estimators that likely suffer less from heterogeneity, cross-sectional dependence, and other common factor …
Persistent link: https://www.econbiz.de/10012993697
relatively homogeneous sample, we find that the inverted-U-shaped curve is quite sensitive to the degree of heterogeneity … allowing for enough heterogeneity is essential to prevent spurious correlation from reduced-form panel estimations …
Persistent link: https://www.econbiz.de/10011090701
Persistent link: https://www.econbiz.de/10014428258
This paper examines the impact on the environment of economic growth and trade openness in 261 cities in the People's Republic of China (PRC) over the period 2004-2013, using a recently developed, continuously updated, fully modified method that allows for cross-sectional dependence and...
Persistent link: https://www.econbiz.de/10011921522