Energy use–GDP deterministic cointegration: progress towards EU-15 Kyoto targets
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http://dx.doi.org/10.1080/13504851.2015.1037433 |
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Title
Energy use–GDP deterministic cointegration: progress towards EU-15 Kyoto targetsDate
2015Publisher
Taylor & FrancisBibliographic citation
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. 1439-1442Type
info:eu-repo/semantics/articlePublisher version
http://www.tandfonline.com/doi/full/10.1080/13504851.2015.1037433Subject
Abstract
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. [-]
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Applied Economics Letters (2015), v. 22, Issue 18Rights
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- IEI_Articles [116]
- ECO_Articles [693]