Does Energy Consumption Volatility Affect Real GDP Volatility? An Empirical Analysis for the UK
This paper empirically examines the relation between energy consumption volatility and unpredictable variations in real gross domestic product (GDP) in the UK. Estimating the Markov switching ARCH model we find a significant regime switching in the behavior of both energy consumption and GDP volatil...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2013-12-01
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| Series: | International Journal of Energy Economics and Policy |
| Subjects: | |
| Online Access: | https://dergipark.org.tr/tr/pub/ijeeep/issue/31906/350747?publisher=http-www-cag-edu-tr-ilhan-ozturk |