Omay, Tolga; Hasanov, Mübariz; Uçar, Nuri - In: Applied Econometrics 34 (2014) 2, pp. 36-55
In this paper, we examine nonlinear interrelationship between energy consumption and output level for a panel of G7 … countries. For this purpose, we propose a nonlinear cointegration test in heterogeneous panels for testing the presence of a co … presence of a long-run relationship between these two variables whereas adjustment to the equilibrium is inherently nonlinear …