Short- and long-run effects between oil
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Gaolu Zou; K.W. Chau
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Article
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2006
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Elsevier Science
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English
β 250 KB
This paper examines both the equilibrium relationship and the predictability between oil consumption and economic growth in China. Time series variables are employed in empirical tests. Cointegration tests suggest that these two variables tend to move together in the long run. In addition, Granger c