The relationship between disaggregate energy consumption and industrial production in the United States: An ARDL approach
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Dosyalar
Tarih
2008
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Elsevier B.V. All
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
We re-examine the relationship between disaggregate energy consumption and industrial output, as well as employment, in the United States using the autoregressive distributed lag (ARDL) approach developed by Pesaran and Pesaran [Pesaran, M.H., Pesaran, B., 1997. Working with Microfit 4.0. Camfit Data Ltd, Cambridge] and Pesaran, Shin and Smith [Pesaran, M.H., Shin, Y., Smith, R.J., 2001. Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics 16; 289-326] In particular, we focus attention on the following energy consumption variables: coal, fossil fuels, conventional hydroelectric power, solar energy, wind energy, natural gas, wood, and waste. The sample period covers 2001:1-2005:6. Our results imply that real output and employment are long run forcing variables for nearly all measures of disaggregate energy consumption. (C) 2007 Elsevier B.V All rights reserved.
Açıklama
Anahtar Kelimeler
Disaggregate Energy Consumption, Industrial Output, Autoregressive Distributed Lag
Kaynak
Energy Economics
WoS Q Değeri
Q1
Scopus Q Değeri
Q1
Cilt
30
Sayı
5
