Kumar, Saten (2008): Cointegration and the Demand for Energy in Fiji.
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This paper applies alternative time series techniques such as General to Specific (GETS) and Johansen Maximum Likelihood (JML) to estimate the long run income and price elasticities of demand for energy for Fiji. We also test for the causal relationship between energy consumption, GDP and energy prices using the Granger causality tests. Our results imply that there is a uni-directional causality running from GDP to energy consumption.
|Item Type:||MPRA Paper|
|Original Title:||Cointegration and the Demand for Energy in Fiji|
|English Title:||Cointegration and the Demand for Energy in Fiji|
|Keywords:||Energy consumption; GDP; income elasticity; energy price elasticity|
|Subjects:||Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q4 - Energy > Q41 - Demand and Supply
C - Mathematical and Quantitative Methods > C2 - Single Equation Models; Single Variables > C22 - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models
|Depositing User:||Saten Kumar|
|Date Deposited:||18. Nov 2009 10:34|
|Last Modified:||17. Feb 2013 21:51|
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