Cointegration and the demand for energy in Fiji

This paper applies alternative time series techniques such as general to specific (GETS) and Johansen maximum likelihood (JML) to estimate the long-run income and price elasticities of demand for energy for Fiji. We also test for the causal relationship between energy consumption, GDP and energy prices using the Granger causality tests. Our results imply that there is a uni-directional causality running from GDP to energy consumption.

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Year of publication:	2011
Authors:	Kumar, Saten
Published in:	International Journal of Global Energy Issues. - Inderscience Enterprises Ltd, ISSN 0954-7118. - Vol. 35.2011, 1, p. 85-97
Publisher:	Inderscience Enterprises Ltd
Subject:	energy consumption \| income elasticity \| energy prices \| price elasticity \| Fiji \| cointegration \| energy demand \| GDP \| gross domestic product

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009360035