Cointegration Tests

Cointegration Tests

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This paper attempts to analyze the short-and long-run causal dynamic interactions between energy consumption, CO2 emissions and economic growth in Greece, using time-series techniques. To this end, annual data covering the period 1980-2012 are employed and tests for unit roots, the ARDL-bounds approach of cointegration, and Granger-causality based...

Context in source publication

Context 1
... Table 2 above, we present the results of cointegration tests for all the examined relationships. We observe that the inference is inconclusive when the dependent variable is the income or the energy consumption. ...

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Citations

... Also note that they exist the short-and long-run causal dynamic interactions between energy consumption, CO2 emissions and economic growth. The example of Greece proved that a continuing degradation of the environment can create negative externalities for the economy by reducing the health of human capital and therefore the long-term productivity (Katrakilidis, Kyritsis, and Patsika, 2014). ...