Non-linear Cointegration Test, Based on Record Counting Statistic

Atil, Lynda; Fellag, Hocine; Sipols, Ana E.; Santos-Martín, M. T.; de Blas, Clara Simón

doi:10.1007/s10614-023-10520-1

Cited by 2 publications

(2 citation statements)

References 39 publications

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“…The F-statistic that lies between the two bounds would lead to inconclusive results, necessitating further analysis to determine the order of integration of the variables involved. In cases where the results are inconclusive, the presence of a negative and statistically significant error correction mechanism, as indicated by Smeekes and Wijler [127], Kraft et al [128], and Atil et al [129], can be interpreted as evidence of a long-term relationship among the variables. Utilizing the error correction mechanism enables us to estimate the short-term coefficients, which are detailed in Equation (6).…”

Section: Econometric Modelmentioning

confidence: 99%

Unraveling Korea’s Energy Challenge: The Consequences of Carbon Dioxide Emissions and Energy Use on Economic Sustainability

Li,

2024

Sustainability

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This research delves into the effects of carbon dioxide emissions and energy consumption on economic growth in Korea from 1980 to 2022, employing a sophisticated nonlinear autoregressive distributed lag model. The study unveils pivotal findings, most notably the positive association between carbon dioxide emissions and economic growth, suggesting that periods of economic expansion in Korea have been accompanied by surges in emissions. Furthermore, the investigation highlights a significant, albeit asymmetrical, positive impact of primary energy consumption on economic growth, illuminating the critical role of energy in the nation’s economic trajectory. The analysis also identifies essential economic determinants—namely, the labor force, gross fixed capital formation, and net inflows of foreign direct investment—underscoring their pivotal contributions to economic proliferation. The reliability of these insights is corroborated through advanced econometric techniques, including fully modified ordinary least squares and dynamic ordinary least squares methods. A noteworthy discovery emerges from the Toda–Yamamoto causality test, revealing bidirectional Granger causality between carbon dioxide emissions and economic growth, as well as between energy consumption and economic growth. Moreover, it uncovers a unidirectional causality flowing from labor, capital formation, and foreign direct investment towards economic growth. These findings elucidate the complex interplay between environmental and economic elements, highlighting the critical need for sustainable energy policies and proactive environmental stewardship in Korea. By advocating for a synthesis of economic advancement and environmental sustainability, this study presents indispensable insights for policymakers. It calls for a judicious approach to balancing Korea’s economic ambitions with its ecological responsibilities, thereby charting a sustainable path forward for the nation. Through its comprehensive analysis, this research contributes valuable perspectives to the discourse on economic development and environmental sustainability, offering guidance for Korea’s strategic planning and policy formulation.

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Section: Econometric Modelmentioning

confidence: 99%

Unraveling Korea’s Energy Challenge: The Consequences of Carbon Dioxide Emissions and Energy Use on Economic Sustainability

Li,

2024

Sustainability

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“…( 6), Z t ¼ ðy 0 t D 0 t Þ. Developing estimators for the long-term covariance matrix, a critical component in the implementation of fully modified ordinary least squares, is highlighted in studies by Atil et al (2023), Wagner (2023), Phillips and Kheifets (2024), and Pelagatti and Sbrana (2024). This process is essential for the precision and efficacy of the fully modified ordinary least-squares approach.…”

Section: Variables and Modelmentioning

confidence: 99%

E-commerce and foreign direct investment: pioneering a new era of trade strategies

2024

Humanit Soc Sci Commun

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This study explores the dynamic interplay between foreign direct investment, e-commerce, and China’s export growth from 2005 to 2022 against the backdrop of the rapidly evolving global economy. Utilizing advanced analytical models that combine province- and year-fixed effects with fully modified ordinary least squares and dynamic ordinary least-squares methodologies, we delve into how foreign direct investment and e-commerce collectively boost China’s export capabilities. Our findings highlight a significant alignment between China’s export expansion and the global sustainable development agenda. We observe that China’s export growth transcends mere international investment and digital market engagement, incorporating sustainable practices such as effective utilization of local labor resources and an emphasis on technological advancements. This study also uncovers how knowledge capital and educational attainment positively impact export figures. A notable regional disparity is observed, with the eastern regions of China being more responsive to foreign direct investment and e-commerce influences on export trade compared to their western counterparts. This disparity underscores the need for region-specific policy approaches and sustainable strategies to evenly distribute the benefits of foreign direct investment and e-commerce. The study concludes that while foreign direct investment and e-commerce are crucial for China’s export growth, the underlying theme is sustainable development, with technological innovation and human capital being key to ongoing export success. The findings advocate for policies that balance economic drivers with sustainable development goals, ensuring both economic prosperity and environmental sustainability.

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Non-linear Cointegration Test, Based on Record Counting Statistic

Cited by 2 publications

References 39 publications

Unraveling Korea’s Energy Challenge: The Consequences of Carbon Dioxide Emissions and Energy Use on Economic Sustainability

Unraveling Korea’s Energy Challenge: The Consequences of Carbon Dioxide Emissions and Energy Use on Economic Sustainability

E-commerce and foreign direct investment: pioneering a new era of trade strategies

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