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dc.contributor.authorRipollés Piqueras, Jordi
dc.contributor.authorBalaguer, Jacint
dc.date.accessioned2016-11-10T15:16:53Z
dc.date.available2016-11-10T15:16:53Z
dc.date.issued2016
dc.identifier.issn1556-7249
dc.identifier.issn1556-7257
dc.identifier.urihttp://hdl.handle.net/10234/164376
dc.description.abstractIn this paper we examine the extent to which the relationship between energy consumption and real GDP can be affected by an effective economic development policy based on industrialization. The Spanish Stabilization and Liberalization Plan of 1959 is regarded as a “natural experiment” that is especially interesting for our purposes. To explore long-run causality and possible changes in its direction, we have exploited statistical information for a long period (1900-2008). We applied a movingwindow regression procedure based on the augmented vector autoregressive methodology of Toda and Yamamoto (1995). Causality results are highly sensitive to the industrialization process. For the sub-period preceding the development policy we consistently found greater support for the “conservation hypothesis”. This contrasts sharply with the set of results from the data belonging to the subsequent sub-period, where evidence is in favor of the “growth hypothesis”.ca_CA
dc.description.sponsorShipFinancial support from the Spanish Ministry of Economy and Competitiveness (ECO2011-28155) and the Generalitat Valenciana (VALI+D, ACIF/2010) are gratefully acknowledged.ca_CA
dc.format.extent17 p.ca_CA
dc.format.mimetypeapplication/pdfca_CA
dc.language.isoengca_CA
dc.publisherTaylor & Francisca_CA
dc.relation.isPartOfEnergy Sources, Part B: Economics, Planning, and Policy Volume 11, 2016 - Issue 8ca_CA
dc.subjectCausalityca_CA
dc.subjectenergy consumptionca_CA
dc.subjectGDPca_CA
dc.subjectindustrializationca_CA
dc.subjectSpainca_CA
dc.titleExamining the stability of the long-run relationship between energy and GDP in the presence of an industrialization processca_CA
dc.typeinfo:eu-repo/semantics/articleca_CA
dc.identifier.doihttp://dx.doi.org/10.1080/15567249.2012.749961
dc.rights.accessRightsinfo:eu-repo/semantics/openAccessca_CA
dc.relation.publisherVersionhttp://www.tandfonline.com/doi/full/10.1080/15567249.2012.749961ca_CA


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