| Srl | Item |
| 1 |
ID:
150398
|
|
|
|
|
| Summary/Abstract |
This paper examines the integration properties of the total oil consumption in 57 countries for the period of 1965–2012. A combination of new and powerful linear and nonlinear stationarity tests are employed to achieve the objectives of the study. We find that the oil consumption series in 21 countries follow a nonlinearity path while those in the other countries are linear in nature. Evidence of the presence of a unit root is found for the total oil consumption series in 38 countries while the series is stationary in the remaining 19 countries. An important insight is that the blueprints that were designed to reduce oil consumption are likely to have a permanent effect in most of the countries.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2 |
ID:
159294
|
|
|
|
|
| Summary/Abstract |
The paper looks at the factors of war "friction" and "wear and tear" that affect prognostication, planning, and conduct of hybrid warfare in conditions of globalization and IT revolution.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
ID:
107999
|
|
|
|
|
| Publication |
2011.
|
| Summary/Abstract |
Using official provincial data for gross provincial product, consumer price index and other explanatory variables from 1986 to 2006, the present paper investigates the nonlinear effects of inflation on economic growth in China. The main finding of the study is that the inflation threshold effect is highly significant and robust in China. Above the 2.50 percent threshold, every 1-percentage point increase in the inflation rate impedes economic growth by 0.61 percent; below this threshold, every 1-percentage point increase in the inflation rate stimulates growth by 0.53 percent. This indicates that high inflation harms economic growth, whereas moderate inflation benefits growth. We suggest that China should maintain a moderate inflation rate for long-run growth.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
ID:
150750
|
|
|
|
|
| Summary/Abstract |
This paper aims at reassessing the empirical relationship between the real price of oil and the U.S. dollar real effective exchange rate over the 1974–2015 period. We find that changes in both variables are now linked by a negative relationship, going from the dollar exchange rate to the real oil price. However, the same relationship is found positive when ending the sample in the mid-2000s, in line with the previous literature. To understand and investigate this evolution, we rely on a nonlinear, smooth transition regression model in which the oil price-dollar nexus depends on the dynamics followed by the U.S. currency. Our results show that the relationship is negative most of the times but turns positive when the dollar hits very high values, as in the early eighties.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 5 |
ID:
110714
|
|
|
|
|
| Publication |
2011.
|
| Summary/Abstract |
In this paper, we re-examine the stochastic behaviour of per capita total primary energy consumption across 178 countries around the world. For this purpose, in addition to conventional unit root tests, we apply newly developed tests that allow for nonlinear adjustments and structural breaks in the data generating process. The results of the unit root tests show that allowing for structural breaks and nonlinearity result in more frequent rejection of the null hypothesis of unit root, suggesting that most of the series under consideration follow a stationary process. These findings imply that both energy economists and policy makers must be careful and take account of possible nonlinearities and structural breaks in their analyses of energy consumption. In addition, the results imply that government interventions into the energy markets in most countries have no effect in the long run, although the short-run effects of the interventions depend on the size and the direction of interventions.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|