Journal ArticleDOI
Energy consumption and economic activity in industrialized countries: The dynamic aggregate time series relationship
Michael Beenstock,P. Willcocks +1 more
Reads0
Chats0
TLDR
In this article, it was shown that the long-run income elasticity of demand for energy is substantially higher than unity in terms of a CES energy demand function for the developed market economies over the period 1950-1978.About:
This article is published in Energy Economics.The article was published on 1981-10-01. It has received 87 citations till now. The article focuses on the topics: Income elasticity of demand & Distributed lag.read more
Citations
More filters
Journal ArticleDOI
Electricity consumption and economic growth in India
TL;DR: The authors examined the Granger causality between electricity consumption per capita and Gross Domestic Product (GDP) per capita for India using annual data covering the period 1950-51 to 1996-97.
Journal ArticleDOI
An investigation of co-integration and causality between energy consumption and economic activity in Taiwan
Benjamin S. Cheng,Tin Wei Lai +1 more
TL;DR: This article examined the causality between energy and GNP and energy and employment by applying recently developed techniques of co-integration and Hsiao's version of the Granger causality to Taiwanese data for the 1955-1993 period.
Journal ArticleDOI
Trade and energy consumption in the Middle East
TL;DR: In this paper, the authors used panel cointegration data estimation techniques to examine the impact of trade on energy consumption in a sample of 8 Middle Eastern countries covering the period 1980 to 2007.
Journal ArticleDOI
Underlying trends and seasonality in UK energy demand: a sectoral analysis
TL;DR: In this article, the importance for energy demand modelling of allowing for trends and seasonal effects that are stochastic in form has been demonstrated, and it is shown that unless energy demand models are formulated so as to allow for stochastically trends and seasonals, estimates of price and income elasticities could be seriously biased.
Journal ArticleDOI
The demand for electricity in Israel
TL;DR: In this article, the authors compare and contrast three dynamic econometric methodologies for estimating the demand for electricity by households and industrial companies, and conclude that the scale elasticities are similar in all three approaches but the OLS price elasticity is considerably lower.
References
More filters
Journal ArticleDOI
The Lagrange Multiplier Test and its Applications to Model Specification in Econometrics
Trevor Breusch,Adrian Pagan +1 more
TL;DR: The Lagrange multiplier (LM) statistic as mentioned in this paper is based on the maximum likelihood ratio (LR) procedure and is used to test the effect on the first order conditions for a maximum of the likelihood of imposing the hypothesis.
Journal ArticleDOI
Testing for Higher Order Serial Correlation in Regression Equations when the Regressors Include Lagged Dependent Variables
Posted Content
Engineering and econometric interpretations of energy-capital complementarity
Ernst R. Berndt,David O. Wood +1 more
TL;DR: In this article, an analytical and empirical interpretation of E-K complementarity consistent with basic microeconomics and with the manufacturing process engineering evidence of energy and capital substitutability is presented.
Posted Content
Engineering and Econometric Interpretations of Energy-Capital Complementarity: Reply and Further Results
Ernst R. Berndt,David O. Wood +1 more
Journal ArticleDOI
An Empirical Application and Monte Carlo Analysis of Tests of Dynamic Specification
Grayham E. Mizon,David F. Hendry +1 more
TL;DR: In this article, the authors argue that the econometrician's search for an acceptable representation of the process generating the data being analysed is made easier by the use of both economic theory and the methods of time series analysis.