2015
DOI: 10.1016/j.jngse.2015.04.006
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Price modelling of natural gas for the EU-12 countries: Evidence from panel cointegration

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Cited by 36 publications
(12 citation statements)
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“…This approach adjusts least squares to account for "serial correlation" effects and for the "endogeneity" in the regressors that result from the presence of a cointegrating association (Kirikkaleli 2016). Furthermore, the asymptotic behavior of FMOLS in models with full rank I(1) regressors, models with I(1) and I(0) regressors, models with unit roots, and models with only stationary regressors (Yorucu and Bahramian 2015).…”
Section: Robustness With Alternative Methodologiesmentioning
confidence: 99%
“…This approach adjusts least squares to account for "serial correlation" effects and for the "endogeneity" in the regressors that result from the presence of a cointegrating association (Kirikkaleli 2016). Furthermore, the asymptotic behavior of FMOLS in models with full rank I(1) regressors, models with I(1) and I(0) regressors, models with unit roots, and models with only stationary regressors (Yorucu and Bahramian 2015).…”
Section: Robustness With Alternative Methodologiesmentioning
confidence: 99%
“…In Kao test; automatic lag length selection based on AIC with a max lag of 2nd and results was found significance at 1% (Table 2 section E). Panel DOLS and Panel FMOLS tests have been carried out next to estimate various estimators available include "withinand between-group FMOLS and DOLS" estimators (Yorucu and Bahramian, 2015). Among several panel estimators, the FMOLS and DOLS are the most commonly chosen ones.…”
Section: Resultsmentioning
confidence: 99%
“…(30) previously proposed the FMOLS estimator to postulate optimum assessments of co-integrating regressions in their study. This method adapts the least squares to compensate for the consequences of "serial correlation" and the "endogenship" in the regressors arising from the existence of a co-integrating interaction (48) In addition, FMOLS' asymptotic action models with total I (1) regressors, I (1) and I (0) repressors, root unit models, and stationery regressor models only (49) . Originally the estimator Fully Modified (FM) was developed by adjusting standard OLS to test the co-integrating linkages specifically.…”
Section: Robustness Check With Alternative Methodologymentioning
confidence: 99%