Energy use–GDP deterministic cointegration: progress towards EU-15 Kyoto targets
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http://dx.doi.org/10.1080/13504851.2015.1037433 |
Metadades
Títol
Energy use–GDP deterministic cointegration: progress towards EU-15 Kyoto targetsData de publicació
2015Editor
Taylor & FrancisCita bibliogràfica
CAMARERO, Mariam; MENDOZA, Yurena; ORDÓÑEZ MONFORT, Javier. Energy use–GDP deterministic cointegration: progress towards EU-15 Kyoto targets. Applied Economics Letters (2015), v. 22, Issue 18, pp. 1439-1442Tipus de document
info:eu-repo/semantics/articleVersió de l'editorial
http://www.tandfonline.com/doi/full/10.1080/13504851.2015.1037433Paraules clau / Matèries
Resum
This article examines whether the energy consumption–GDP relationship is in long-term equilibrium for EU-15 countries. Unlike many previous works, we apply a nonlinear unit root test introduced by Kapetanios et al. ... [+]
This article examines whether the energy consumption–GDP relationship is in long-term equilibrium for EU-15 countries. Unlike many previous works, we apply a nonlinear unit root test introduced by Kapetanios et al. (2003a) and extended by Chong et al. (2008) that identifies not only deterministic cointegration, but also the stronger concept of stochastic cointegration. The results yield a clear pattern: Austria, Denmark, Italy, the Netherlands, Portugal and Spain must achieve greater emissions reductions between 2009 and 2012 to reach their respective Kyoto targets. [-]
Publicat a
Applied Economics Letters (2015), v. 22, Issue 18Drets d'accés
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/restrictedAccess
info:eu-repo/semantics/restrictedAccess
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