This paper examines the causal relationship between real GDP and energy consumption for 23 OECD countries from 1971 to 2009. Using recently developed panel econometric techniques the present paper takes into account structural breaks and cross-section dependence when analysing the energy...

This paper examines the causal relationship between real GDP and energy consumption for 23 OECD countries from 1971 to 2009. Using recently developed panel econometric techniques the present paper takes into account structural breaks and cross-section dependence when analysing the energy...

This note focusses on key issues - both conceptual and practical - with regard to the measurement of inflation such as the tradeoff between different measures and the incorporation of prices not fully determined by market forces of supply and demand. It also draws on a recent survey of emerging...

We examine economic activity in a large virtual economy which was designed to allow decentralized barter as the sole exchange institution. We find that a small subset of goods emerges endogenously which act of media of exchange. Our analysis includes estimation of spot exchange rates between...

The objective of the study is to test experimentally the Kuznets curve of energy intensity in selected developing countries (Iran, Turkey, Malaysia, Pakistan, Egypt, Bangladesh, Indonesia and Nigeria) with the focus of D-8 countries during 1990-2014. According to the results, and by using the...

The objective of the study is to test experimentally the Kuznets curve of energy intensity in selected developing countries (Iran, Turkey, Malaysia, Pakistan, Egypt, Bangladesh, Indonesia and Nigeria) with the focus of D-8 countries during 1990-2014. According to the results, and by using the...

This paper bridges (i) estimations from papers circa 1968 and 1972 of the GDP elasticity of economy-wide energy demand that used data from the 1950s and early-1960s and our own observation-restricted estimations covering 1960-1973 to (ii) our new mean group-based, common correlated effects...

This paper disaggregates energy consumption and GDP data according to end-use to analyze a broad number of developed and developing countries grouped in panels by similar characteristics. Panel long-run causality is assessed with a relatively under-utilized approach recommend by Canning and...

This paper disaggregates energy consumption and GDP data according to end-use to analyze a broad number of developed and developing countries grouped in panels by similar characteristics. Panel long-run causality is assessed with a relatively under-utilized approach recommend by Canning and...