Coal consumption and industrial production nexus in USA: Cointegration with two unknown structural breaks and causality approaches
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Dosyalar
Tarih
2012
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
PERGAMON-ELSEVIER SCIENCE LTD
Erişim Hakkı
info:eu-repo/semantics/closeAccess
Özet
The paper investigates the causality relationships among industrial production index, coal consumption and employment in industrial sector for the period of 1973:1-2011:10 in USA. After noticing that there are breaks in the regression model, the Hatemi-J test for cointegration is employed to the cases that take into account two possible regime shifts. It is concluded that there is a long run relationship between industrial production and industrial coal consumption with the breaks at 1983:4 and 1998:4. We found a negative relationship between coal consumption and industrial production for the period of 1973:1-1983:4 and positive relationship for 1983:5-1998:4 period. For the last period that covers 1983:5-2011:10, the cointegration relationship turned to negative. In addition, the results show that causal relationship between coal consumption and industrial production changes over time.
Açıklama
WOS: 000311184800053
Anahtar Kelimeler
Industrial Production, Energy Consumption, Coal Consumption, Cointegration with Two Breaks
Kaynak
Renewable & Sustaınable Energy Revıews
WoS Q Değeri
Q1
Scopus Q Değeri
Q1
Cilt
16
Sayı
8
