Topic
Cointegration
About: Cointegration is a research topic. Over the lifetime, 17130 publications have been published within this topic receiving 506215 citations.
Papers published on a yearly basis
Papers
More filters
TL;DR: In this paper, a panel model that represents the environmental degradation utilizing ecological footprint as a better indicator is constructed taken the period 1996-2012 investigating 14 MENA countries and the results from the Pedroni cointegration test revealed that ecological footprint, energy consumption, urbanization, trade openness, industrial development and political stability are cointegrated.
473 citations
TL;DR: In this paper, the causal links between trade, economic growth and inward foreign direct investment (FDI) in China at the aggregate level were investigated and the integration and cointegration properties of quarterly data were analyzed.
Abstract: This study investigates the causal links between trade, economic growth and inward foreign direct investment (FDI) in China at the aggregate level. The integration and cointegration properties of quarterly data are analysed. Long-run relationships between growth, exports, imports and FDI are identified in a cointegration framework, in which this paper finds bi-directional causality between economic growth, FDI and exports. Economic development, exports and FDI appear to be mutually reinforcing under the open-door policy.
473 citations
TL;DR: In this article, the authors examined the different direction of causal relation between energy consumption and economic growth in India and found that bi-directional causality exists between consumption and growth.
473 citations
TL;DR: The analysis of causal relationship between CO2 emissions, real GDP, energy consumption, financial development, trade openness, and urbanization in Tunisia over the period of 1971–2012 concludes that financial development plays a vital role in the Tunisian economy.
Abstract: The aim of this paper is to examine the causal relationship between CO2 emissions, real GDP, energy consumption, financial development, trade openness, and urbanization in Tunisia over the period of 1971-2012. The long-run relationship is investigated by the auto-regressive distributed lag (ARDL) bounds testing approach to cointegration and error correction method (ECM). The results of the analysis reveal a positive sign for the coefficient of financial development, suggesting that the financial development in Tunisia has taken place at the expense of environmental pollution. The Tunisian case also shows a positive monotonic relationship between real GDP and CO2 emissions. This means that the results do not support the validity of environmental Kuznets curve (EKC) hypothesis. In addition, the paper explores causal relationship between the variables by using Granger causality models and it concludes that financial development plays a vital role in the Tunisian economy.
469 citations
Book•
13 Feb 2001
TL;DR: A survey of the nonstationary panel literature including panel unit root tests, spurious panel regressions and panel cointegration tests is provided in this paper, where the authors also provide developments in the estimation of dynamic panel data models using generalized method of moments.
Abstract: Includes a survey of the nonstationary panel literature including panel unit root tests, spurious panel regressions and panel cointegration tests. This book also provides developments in the estimation of dynamic panel data models using generalized method of moments. It is useful for practitioners and researchers working with panel data.
469 citations