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Coal consumption and industrial production nexus in USA: Cointegration with two unknown structural breaks and causality approaches
- Source :
-
Renewable & Sustainable Energy Reviews . Oct2012, Vol. 16 Issue 8, p6123-6127. 5p. - Publication Year :
- 2012
-
Abstract
- Abstract: The paper investigates the causality relationships among industrial production index, coal consumption and employment in industrial sector for the period of 1973:1–2011:10 in USA. After noticing that there are breaks in the regression model, the Hatemi-J test for cointegration is employed to the cases that take into account two possible regime shifts. It is concluded that there is a long run relationship between industrial production and industrial coal consumption with the breaks at 1983:4 and 1998:4. We found a negative relationship between coal consumption and industrial production for the period of 1973:1–1983:4 and positive relationship for 1983:5–1998:4 period. For the last period that covers 1983:5–2011:10, the cointegration relationship turned to negative. In addition, the results show that causal relationship between coal consumption and industrial production changes over time. [Copyright &y& Elsevier]
- Subjects :
- *COAL
*OVERPRODUCTION
*COINTEGRATION
*ENERGY consumption
*REGRESSION analysis
Subjects
Details
- Language :
- English
- ISSN :
- 13640321
- Volume :
- 16
- Issue :
- 8
- Database :
- Academic Search Index
- Journal :
- Renewable & Sustainable Energy Reviews
- Publication Type :
- Academic Journal
- Accession number :
- 82065339
- Full Text :
- https://doi.org/10.1016/j.rser.2012.07.002