Topic
Cointegration
About: Cointegration is a research topic. Over the lifetime, 17130 publications have been published within this topic receiving 506215 citations.
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TL;DR: In this article, the authors investigated the relationship between energy consumption and economic growth using the ARDL bounds testing and Gregory and Hansen (1990) structural break cointegration approaches for long run while stationarity properties of the variables have been tested applying the Clemente-Montanes-Reyes (1998), structural break unit root test.
275 citations
01 Jan 2001
TL;DR: In this paper, the authors examined the relationship between inflation and GDP growth for four South Asian countries (Bangladesh, India, Pakistan and Sri Lanka) and found evidence of a long-run positive relationship between GDP growth rate and inflation for all four countries.
Abstract: This paper seeks to examine the relationship between inflation and GDP growth for four South Asian countries (Bangladesh, India, Pakistan and Sri Lanka). A comparison of empirical evidence is obtained from the cointegration and error correction models using annual data collected from the IMF International Financial Statistics. The authors find evidence of a long-run positive relationship between GDP growth rate and inflation for all four countries. There are also significant feedbacks between inflation and economic growth. These results have important policy implications. Moderate inflation is helpful to growth, but faster economic growth feeds back into inflation. Thus, these countries are on a knife-edge.
275 citations
TL;DR: In this paper, the authors investigated the dynamic relationship between carbon dioxide (CO2) emissions, output (GDP), energy consumption, and trade using the bounds testing approach to cointegration and the ARDL methodology for Tunisia over the period 1971-2008.
275 citations
TL;DR: In this article, the authors investigated the short-run and long-run causality issues between electricity consumption and economic growth in the selected 11 Middle East and North Africa (MENA) countries by using ARDL bounds testing approach of cointegration and vector error-correction models.
274 citations
TL;DR: In this paper, the authors investigated the validity of the pollution haven hypothesis in the Gulf Cooperation Council (GCC) countries using a multivariate framework, and the results indicated that energy consumption and GDP growth are the source of pollution in the GCC countries and not the foreign direct investment inflows.
274 citations