EconPapers    
Economics at your fingertips  
 

THE GROWTH OF THE COINTEGRATION TECHNIQUE IN UK ENERGY DEMAND MODELLING AND ITS RELATIONSHIP TO DYNAMIC ECONOMETRICS

Roger Fouquet

Chapter 22 in The UK Energy Experience:A Model or A Warning?, 1996, pp 295-308 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe cointegration technique has grown in the UK from a little noticed model fifteen years ago to a mainstream tool for energy demand modellers. This paper places its growth within the context of developments in dynamic econometric methods. As a result of these theoretical and practical improvements, economists have found that the technique is well-suited for analysing energy demand and its short and long run relationships with its determinants. The use of cointegration has led to improvements in the explanation of past and the prediction of future behaviour, as well as in the assessment of the effects of related policies. The paper suggests that its suitability, popularity and on-going refinements are likely to mean cointegration will continue to grow in importance as a tool for energy demand modelling.

Keywords: Energy Studies; UK Energy; Environmental Economics (search for similar items in EconPapers)
Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9781848161030_0022 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9781848161030_0022 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9781848161030_0022

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().

 
Page updated 2025-06-04
Handle: RePEc:wsi:wschap:9781848161030_0022