The aim of this paper is to reexamine aggregate energy demand in the United Kingdom using the relatively recent procedure of cointegration. It shows energy consumption, the real price of energy, and real GDP cointegrate, which implies the existence of a long-run equilibrium. The associated...

This paper analyses the properties of Dickey-Fuller (1979) (DF) unit root tests in the presence of trend mis-specification. It is shown that while the performance of the DF coefficient test is as expected, the DF test in its t-ratio form exhibits unusual behaviour. In particular it is found that...

This paper analyses the properties of Dickey-Fuller (1979) (DF) unit root tests in the presence of trend mis-specification. It is shown that while the performance of the DF coefficient test is as expected, the DF test in its t-ratio form exhibits unusual behaviour. In particular it is found that...

This paper demonstrates the significance of age and duration effects in the relationship between earnings and unemployment using two-step GMM estimation and UK county level data for 1984-1993. Copyright 1996 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research

This paper utilizes data collected at the county level over the period 1983-92 to reconsider the roles of short-run and long-run unemployment in earnings determination. The results of estimating a dynamic model of earnings determination using the generalized methods of moments approach of M....

This paper considers a simple relationship between male earnings and unemployment and analyzes British data collected at the county level over the period 1976-92. The estimates of a dynamic model on a balanced panel of county data suggest that the elasticity of earnings with respect to...