COINTEGRATION TESTS OF ENERGY-CONSUMPTION, INCOME, AND EMPLOYMENT

被引:192
作者
YU, ESH
JIN, JC
机构
[1] CHINESE UNIV HONG KONG,SHA TIN,HONG KONG
[2] KYUNGNAM UNIV,KYUNGNAM,SOUTH KOREA
来源
RESOURCES AND ENERGY | 1992年 / 14卷 / 03期
关键词
D O I
10.1016/0165-0572(92)90010-E
中图分类号
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号
0807 ; 0820 ;
摘要
A recently developed methodology of the cointegration test is employed to determine whether energy consumption has a long-run equilibrium 'relationship with the level of income or employment. It is found that the long-run equilibrium relationship fails to exist in either case. The finding implies a long-run neutrality of energy consumption, which is consistent with the short-run neutrality found in the literature. The results are further confirmed by splitting the sample into two sub-periods.
引用
收藏
页码:259 / 266
页数:8
相关论文
共 21 条
[1]  
AKARCA AT, 1980, J ENERGY DEV, V4, P326
[2]  
[Anonymous], 1979, RES ENERGY, DOI DOI 10.1016/0165-0572(79)90027-6
[3]   CO-INTEGRATION, ERROR CORRECTION AND THE FISHER EFFECT [J].
ATKINS, FJ .
APPLIED ECONOMICS, 1989, 21 (12) :1611-1620
[4]  
DARRAT AF, 1990, SO EC J, V57, P752
[6]   FORECASTING AND TESTING IN CO-INTEGRATED SYSTEMS [J].
ENGLE, RF ;
YOO, BS .
JOURNAL OF ECONOMETRICS, 1987, 35 (01) :143-159
[7]   COINTEGRATION AND ERROR CORRECTION - REPRESENTATION, ESTIMATION, AND TESTING [J].
ENGLE, RF ;
GRANGER, CWJ .
ECONOMETRICA, 1987, 55 (02) :251-276
[8]   TIME-SERIES ANALYSIS OF THE CAUSAL RELATIONSHIPS BETWEEN UNITED-STATES ENERGY AND EMPLOYMENT [J].
EROL, U ;
YU, ESH .
RESOURCES AND ENERGY, 1987, 9 (01) :75-89
[9]  
Erol U., 1987, J ENERGY DEV, V13, P113
[10]  
EROL U, 1908, RESOUR ENERG, V11, P395