Interactions between energy and imports in Singapore: Empirical evidence from conditional error correction models
AbstractThis study empirically tests for long-run equilibrium relationship and the direction of causality between imports and energy consumption in Singapore. The results of the present study reveal that a long-run equilibrium relationship exists between import growth and energy consumption growth in Singapore by using bivariate systems. Imports of Singapore converge to long-term equilibrium levels by 79.9 percent speed of adjustment through the channel of energy growth. Furthermore, the major finding of this study is that there are long- and short-term undirectional causalities that run from energy growth to import growth in Singapore, which denote that energy consumption in Singapore is a catalyst for importing.
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Bibliographic InfoArticle provided by Elsevier in its journal Energy Policy.
Volume (Year): 63 (2013)
Issue (Month): C ()
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Web page: http://www.elsevier.com/locate/enpol
Energy consumption; Imports; Singapore;
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