Vlahinic, Nela; Jakovac, Pavle - In: Contemporary economics 8 (2014) 4, pp. 435-452
This paper applies the most recently developed autoregressive distributed lag (ARDL) co-integration procedure to re …-investigate co-integration and the causal relationship between energy consumption and real GDP within a multivariate framework that … positive long-run co-integrated relationship between production inputs and real GDP and the important role of energy in …