Основной контент книги Energy consumption and economic growth: Evidence from nonlinear panel cointegration and causality tests
Tekst PDF

Maht 20 lehekülgi

2014 aasta

12+

Energy consumption and economic growth: Evidence from nonlinear panel cointegration and causality tests

Pole müügil

Raamatust

In this paper, we examine nonlinear interrelationship between energy consumption and output level for a panel of G7 countries. For this purpose, we propose a nonlinear cointegration test in heterogeneous panels for testing the presence of a cointegrating relationship that follows a globally stationary exponential smooth transition (ESTR) process, and apply our test for investigating long-run relationship between energy use and economic growth in the case of the G7 countries. Our results suggest the presence of a long-run relationship between these two variables whereas adjustment to the equilibrium is inherently nonlinear. After establishing long-run relationship between energy consumption and output, we estimate a Panel Smooth Transition Vector Error Correction Model and apply nonlinear Granger causality tests in order to analyze the direction of the causality between these variables. We find that the causality between energy consumption and output level is dependent on the phases of business cycle.

Our results highlight importance of taking account of possible nonlinearities in analysing output-energy causality nexus and designing energy policies.

Teised versioonid

1 raamat alates 1,85 €
Logi sisse, et hinnata raamatut ja jätta arvustus
Raamat «Energy consumption and economic growth: Evidence from nonlinear panel cointegration and causality tests» — laadi alla pdf formaadis või loe veebis. Jäta kommentaare ja arvustusi, hääleta lemmikute poolt.
Vanusepiirang:
12+
Ilmumiskuupäev Litres'is:
22 september 2014
Kirjutamise kuupäev:
2014
Objętość:
20 lk
Üldsuurus:
611 КБ
Lehekülgede koguarv:
20
Õiguste omanik:
Синергия
Allalaadimise formaat:
Tekst, helivorming on saadaval
Keskmine hinnang 4,7, põhineb 253 hinnangul
Audio
Keskmine hinnang 4,2, põhineb 736 hinnangul
Tekst, helivorming on saadaval
Keskmine hinnang 4,9, põhineb 54 hinnangul
Audio
Keskmine hinnang 4,6, põhineb 876 hinnangul
Audio
Keskmine hinnang 4,7, põhineb 1724 hinnangul
Tekst
Keskmine hinnang 4,9, põhineb 2619 hinnangul
Audio
Keskmine hinnang 4,8, põhineb 67 hinnangul
Tekst, helivorming on saadaval
Keskmine hinnang 4,7, põhineb 791 hinnangul