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 used an augmented Dickey-Fuller unit root test with and without structural breaks and Carrion-i-Silvestre et al. this article generalized least squares based test to examine the stationary properties of the variables.
216 citations
TL;DR: In this article, the authors investigated the long-run equilibrium relationships, temporal dynamic relationships and causal relationships between energy consumption structure, economic structure and energy intensity in China Time series variables over the periods from 1980 to 2006 are employed in empirical tests.
216 citations
TL;DR: In this article, the role of trade in CO2 emissions was investigated using a panel of nine oil exporting countries, and the impacts of exports and imports separately, and they considered two measures of CO 2 emissions-those based on consumption, and thus, adjusted for trade, and those based on territory (i.e., the typical approach in the literature).
216 citations
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TL;DR: In this article, the authors provided new empirical evidence on the relationship between energy consumption and economic growth for 21 African countries over the period from 1970 to 2006, using recently developed panel cointegration and causality tests.
Abstract: The aim of this paper is to provide new empirical evidence on the relationship between energy consumption and economic growth for 21 African countries over the period from 1970 to 2006, using recently developed panel cointegration and causality tests. The countries are divided into two groups: net energy importers and net energy exporters. It is found that there exists a long-run equilibrium relationship between energy consumption, real GDP, prices, labor and capital for each group of countries as well as for the whole set of countries. This result is robust to possible cross-country dependence and still holds when allowing for multiple endogenous structural breaks, which can differ among countries. Furthermore, we find that decreasing energy consumption decreases growth and vice versa, and that increasing energy consumption increases growth, and vice versa, and that this applies for both energy exporters and importers. Finally, there is a marked difference in the cointegration relationship when country groups are considered.
214 citations
TL;DR: In this paper, consistent cointegration tests, and estimators of a basis of the space of cointegrating vectors, that do not used specification of the data-generating process, apart from some mild regularity conditions, or estimation of structural and/or nuisance parameters, are proposed.
214 citations