Article history: Accepted 17 September 2013 JEL classifications: L13 L15

We investigate the impacts of electricity market restructuring on fuel effciency, utilization and, new to this area, cost of coal purchases among coal-fired power plants using a panel data set from 1991 to 2005. Our study focuses exclusively on coal-fired power plants and uses panel data covering several years after implementation of restructuring. The estimation compares how investor-owned (IO...

This paper is concerned with developing a nonparametric time–varying coefficient model with fixed effects to characterize nonstationarity and trending phenomenon in nonlinear panel data analysis. We develop two methods to estimate the trend function and the coefficient function without taking the first difference to eliminate the fixed effects. The first one eliminates the fixed effects by taki...

The objective of the analysis is to study relationships between GDP, energy consumption, renewable production, and CO2 emissions in some European transition economies period 1990-2018. We use growth rates per capita values, a panel VAR approach where all variables are typically treated as endogenous, allowing inference on causality relationships. decision focus countries motivated by fact that ...

Abstract T his paper explains bilateral trade patterns between South Korea and thirteen OPEC member countries over the period 1980-2014 using a gravity model. The estimation results show that the gravity equation fits the data reasonably well. We confirmed the existence of long term relationships between the bilateral trade flows and the main components of gravity model - ...

This paper investigates several key challenges faced by oil-rich countries regarding their economic growth and development. First, it discusses how to determine currency overvaluation for these (if any). To the overvaluation, real exchange rate (RER) is calculated Balassa–Samuelson effect estimated via a regression model. Next, study presents an empirical model assessing impact of oil rent on i...

96 words Text (including References, Tables and Appendices): 13,216 words JEL classifications: I12, I31, I20, I18

This article provides a selective review on the recent developments of some nonlinear nonparametric and semiparametric panel data models. In particular, we focus on two types of modelling frameworks: nonparametric and semiparametric panel data models with deterministic trends, and semiparametric single-index panel data models with individual effects. We also review various estimation methodolog...

Using recently developed panel unit root and panel cointegration tests and the FullyModified OLS (FMOLS) methodology, this paper estimates the impact of remittances on the economic growth of selected upper and lower income Latin American & Caribbean countries. Despite a large flow of remittances to the region, there have been relatively few empirical studies assessing the impact of remittances ...

Liquidity constraints and partial risk-sharing are often indistinguishable. However, I illustrate using artificial data from two different model economies how band spectrum regression can be used to distinguish between lack of consumption insurance and liquidity constraints. JEL Classifications: D1, E21.