This paper uses an innovative method through combining autoregressive distributed lag model and a quantile regression, called a quantile autoregressive distributed lag model, to examine the dynamic long-run equilibrium and short-run causal relationship between the stock price of China and the RMB/USD exchange rate from January 1994 to June 2016. The results indicate that there is long-run coint...

during the last recent decades, restructuring in the electricity industry has been considered as an economical policy. consequently, it was able to increase private investment, competition, efficiency, and productivity. the purpose of restructuring electricity industry is to change electricity industry organization, in order to omit monopoly and increase competition. recognition of restructurin...

population in all countries plays a fundamental role in economic growth and economic development. but besides absolute size and growth rate of population, the more important factor will be “age structure” or “age distribution” of population, because it can be as source of many economical, social, and political challenges. in this research, we investigate effect of changes in population shares i...

the purpose of this study is to investigate the role of oil, natural gas and coal consumption in iran’s economic growth during the periods from 1980 to 2012. the stationary analysis is performed by using adf and phillips-perron unit root test and auto-regressive distributed lag (ardl) approach was used to test for co-integration between the variables. the findings show that the variables are co...

In this paper we investigate natural gas producer’s reactions to changes in market prices. We estimate price elasticities of aggregated supply in the most competitive market for natural gas: the United States. Using monthly time series data form 1987 to 2012 our analysis is based on an Autoregressive Distributed Lag (ARDL) Bound Cointegration approach to obtain short and long-run elasticities o...