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Pregled bibliografske jedinice broj: 1112049

Cointegration of electricity consumption and GDP in the presence of smooth structural changes


Arčabić, Vladimir; Gelo, Tomislav; Sonora, Robert J.; Šimurina, Jurica
Cointegration of electricity consumption and GDP in the presence of smooth structural changes // Energy economics, 97 (2021), 105196, 6 doi:10.1016/j.eneco.2021.105196 (međunarodna recenzija, članak, znanstveni)


CROSBI ID: 1112049 Za ispravke kontaktirajte CROSBI podršku putem web obrasca

Naslov
Cointegration of electricity consumption and GDP in the presence of smooth structural changes

Autori
Arčabić, Vladimir ; Gelo, Tomislav ; Sonora, Robert J. ; Šimurina, Jurica

Izvornik
Energy economics (0140-9883) 97 (2021); 105196, 6

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
electricity consumption ; cointegration ; structural breaks ; nonlinear models

Sažetak
This paper analyzes the cointegration of electricity consumption, prices, and GDP as well as the long-run price and income elasticities for a sample of European Union (EU) countries. We control for smooth structural changes in the data using recently developed unit root and autoregressive distributed lag (ADL) cointegration tests, which approximate an unknown number of smooth breaks with a flexible Fourier function. Structural breaks in electricity consumption may exist in EU countries because of activities associated with the European Energy Union and country-specific idiosyncracies. Our results indicate that the Fourier cointegration test rejects the null hypothesis of no cointegration more often in comparison to the standard ADL test. Elasticity estimates show clear differences between old and new member states when structural breaks are ignored, but less so when using structural breaks methods.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Projekti:
UIP-2017-05-6785 - Osnivanje i razvoj Centra za strukturno i nelinearno makroekonomsko modeliranje (MacroHub) (MACROHUB) (Globan, Tomislav, HRZZ - 2017-05) ( POIROT)
IP-2019-04-4500 - Analiza strukturnih čimbenika konvergencije Republike Hrvatske tijekom tranzicijskog procesa (CONVRH) (Tica, Josip, HRZZ - 2019-04) ( POIROT)

Ustanove:
Ekonomski fakultet, Zagreb

Profili:

Avatar Url Vladimir Arčabić (autor)

Avatar Url Jurica Šimurina (autor)

Avatar Url Tomislav Gelo (autor)

Citiraj ovu publikaciju

Arčabić, Vladimir; Gelo, Tomislav; Sonora, Robert J.; Šimurina, Jurica
Cointegration of electricity consumption and GDP in the presence of smooth structural changes // Energy economics, 97 (2021), 105196, 6 doi:10.1016/j.eneco.2021.105196 (međunarodna recenzija, članak, znanstveni)
Arčabić, V., Gelo, T., Sonora, R. & Šimurina, J. (2021) Cointegration of electricity consumption and GDP in the presence of smooth structural changes. Energy economics, 97, 105196, 6 doi:10.1016/j.eneco.2021.105196.
@article{article, year = {2021}, pages = {6}, DOI = {10.1016/j.eneco.2021.105196}, chapter = {105196}, keywords = {electricity consumption, cointegration, structural breaks, nonlinear models}, journal = {Energy economics}, doi = {10.1016/j.eneco.2021.105196}, volume = {97}, issn = {0140-9883}, title = {Cointegration of electricity consumption and GDP in the presence of smooth structural changes}, keyword = {electricity consumption, cointegration, structural breaks, nonlinear models}, chapternumber = {105196} }
@article{article, year = {2021}, pages = {6}, DOI = {10.1016/j.eneco.2021.105196}, chapter = {105196}, keywords = {electricity consumption, cointegration, structural breaks, nonlinear models}, journal = {Energy economics}, doi = {10.1016/j.eneco.2021.105196}, volume = {97}, issn = {0140-9883}, title = {Cointegration of electricity consumption and GDP in the presence of smooth structural changes}, keyword = {electricity consumption, cointegration, structural breaks, nonlinear models}, chapternumber = {105196} }

Časopis indeksira:


  • Current Contents Connect (CCC)
  • Web of Science Core Collection (WoSCC)
    • Social Science Citation Index (SSCI)
    • SCI-EXP, SSCI i/ili A&HCI
  • Scopus


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