Tests for cointegration allowing for an unknown number of breaks

Maki, Daiki

doi:10.1016/j.econmod.2012.04.022

Cited by 352 publications

(675 citation statements)

References 22 publications

Supporting

Mentioning

352

Contrasting

Unclassified

291

Order By: Relevance

“…*** indicates the rejection of the null hypothesis at the 1% significance level. Maki (2012). The Heteroskedasticity and Autocorrelation Consistent (HAC) standard errors (Bartlett kernel, Newey-West fixed bandwidth = 4.0000) are in parentheses.…”

Section: Resultsmentioning

confidence: 99%

See 1 more Smart Citation

Export product diversification and the environmental Kuznets curve: evidence from Turkey

Gözgör

Can

2016

Environ Sci Pollut Res

144

View full text Add to dashboard Cite

Countries try to stabilize the demand for energy on one hand and sustain economic growth on other, but the worsening global warming and climate change problems have put pressure on them. This paper estimates the environmental Kuznets curve over the period 1971-2010 in Turkey both in the short and the long run. For this purpose, the unit root test with one structural break and the cointegration analysis with multiple endogenous structural breaks are used. The effects of energy consumption and export product diversification on CO2 emissions are also controlled in the dynamic empirical models. It is observed that the environmental Kuznets curve hypothesis is valid in Turkey in both the short run and the long run. The positive effect of energy consumption on CO2 emissions is also obtained in the long run. In addition, it is found that a greater product diversification of exports yields higher CO2 emissions in the long run.Inferences and policy implications are also discussed.

show abstract

Section: Resultsmentioning

confidence: 99%

“…At this stage, Maki (2012) offers four different models to analyze the cointegrating relationships between the variables. These models can be written as follows:…”

Section: Econometric Methodologymentioning

confidence: 99%

Export product diversification and the environmental Kuznets curve: evidence from Turkey

Gözgör

Can

2016

Environ Sci Pollut Res

144

View full text Add to dashboard Cite

show abstract

“…Results of cointegration tests under multiple structural breaks are given in Table 2: It is seen that the null hypothesis of no cointegration can be rejected through the existence of various structural break years as can be seen in Table 2 and through two out of four models suggested by Maki (2012) as presented in the previous section of this study. Results from Maki (2012) reveal that equation (1) is a cointegration model and estimating the parameters in equation (2) would be robust in the long-term period. It is important to note that those break years which have been successfully obtained and provided in Table 2 are also added to estimate the long-term coefficients in equation (2) via dummy variables (Maki, 2012).…”

Section: Cointegration Tests Under Multiple Structural Breaksmentioning

confidence: 93%

“…This is due to the fact that series exhibit multiple breaks over the years as can also be obsereved in Figure 1. In the second step, cointegration tests (by Maki (2012)) which again considered multiple structural breaks untill five are carried out to confirm the existence of the cointegrating vector in equation (2). In the third step, long-run and short-run models plus ECT are estimated by using the Dynamic Ordinary Least Squares (DOLS) method.…”

Section: Methodsmentioning

confidence: 99%

“…All of the series in the present study are integrated of the same order; therefore, cointegration test for equation (1) employing Maki (2012) approach is suitable. Results of cointegration tests under multiple structural breaks are given in Table 2: It is seen that the null hypothesis of no cointegration can be rejected through the existence of various structural break years as can be seen in Table 2 and through two out of four models suggested by Maki (2012) as presented in the previous section of this study.…”

Section: Cointegration Tests Under Multiple Structural Breaksmentioning

confidence: 99%

See 1 more Smart Citation

Investigating the Role of Oil Prices in the Conventional EKC Model: Evidence from Turkey

Katırcıoğlu

2017

Asian Economic and Financial Review

View full text Add to dashboard Cite

show abstract

An eye‐tracking study on information processing in risky decisions: Evidence for compensatory strategies based on automatic processes

Glöckner

Herbold

2010

Behavioral Decision Making

305

326

View full text Add to dashboard Cite

Many everyday decisions have to be made under risk and can be interpreted as choices between gambles with different outcomes that are realized with specific probabilities. The underlying cognitive processes were investigated by testing six sets of hypotheses concerning choices, decision times, and information search derived from cumulative prospect theory, decision field theory, priority heuristic and parallel constraint satisfaction models. Our participants completed 40 decision tasks of two gambles with two non-negative outcomes each. Information search was recorded using eye-tracking technology. Results for choices, decision time, the amount of information searched for, fixation durations, the direction of the information search, and the distribution of fixations conflict with the prediction of the non-compensatory priority heuristic and indicate that individuals use compensatory strategies. Choice proportions are well in line with the predictions of cumulative prospect theory. Process measures indicate that individuals thereby do not rely on deliberate calculations of weighted sums. Information integration processes seem to be better explained by models that partially rely on automatic processes such as decision field theory or parallel constraint satisfaction models.

show abstract

Tests for cointegration allowing for an unknown number of breaks

Cited by 352 publications

References 22 publications

Export product diversification and the environmental Kuznets curve: evidence from Turkey

Export product diversification and the environmental Kuznets curve: evidence from Turkey

Investigating the Role of Oil Prices in the Conventional EKC Model: Evidence from Turkey

An eye‐tracking study on information processing in risky decisions: Evidence for compensatory strategies based on automatic processes

Contact Info

Product

Resources

About