Cointegration and the Demand for Energy in Fiji

Electricity Demand in MENA Countries: A Panel Cointegration Analysis

Abstract In this study, we applied recently developed panel unit root and cointegration techniques to examine the long-run real income per capita and price elasticities for demand of electricity in selected Middle East and North African (MENA) countries using an annual data series from 1990 to 2011.Our main finding from the panel analysis is that the demand for electricity is highly price ela...

Estimating And Forecasting Demand For Broad Money In Iran Through Cointegration Analysis And Stochastic Simulation

Exploring the Trade Openness, Energy Consumption and Economic Growth Relationship in Iran by Bayer and Hanck Combined Cointegration and Causality Analysis

This paper aims to investigate the direction of causality between economic growth, energy consumption and trade openness in case of Iran for the period 1967–2012. We apply the newly developed combined cointegration test proposed by Bayer and Hanck (2013). Vector Error Correction Model (VECM) is applied to determine the direction of causality between these three variables. The result of Bayer-Ha...

Iranian Tourism Demand for Malaysia: A Bound Test Approach

This paper investigate Iranian tourism demand to Malaysia using the recently developed autoregressive distributed lag (ARDL) ‘Bound test’ approach to cointegration for 2000:Q1 to 2013:Q4. The demand for tourism has been explained by macroeconomic variables, including income in Iran, tourism prices in Malaysia, tourism price substitute, travel cost and trade value between Iran and Malaysia. In a...

An Empirical Analysis of China’s International Reserves Demand Function

The study aims to estimate an international reserves demand model for China using economic growth, propensity to import, real effective exchange rate and trade openness variables for quarterly period spanning from 1985Q1 to 2014Q4.The bounds testing technique to cointegration is used to test for a long run relationship, while the autoregressive distributed lag approach is used to estimate short...