Rashid, Abdul; Kocaaslan, Ozge Kandemir - Volkswirtschaftliche Fakultät, … - 2013
gross domestic product (GDP) in the UK. Estimating the Markov switching ARCH model we find a significant regime switching in … the behavior of both energy consumption and GDP volatility. The results from the Markov regime-switching model show that … the variability of energy consumption has a significant role to play in determining the behavior of GDP volatilities …