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Interactions between energy and imports in Singapore: Empirical evidence from conditional error correction models

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  • Turan Katircioglu, Salih

Abstract

This 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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  • Turan Katircioglu, Salih, 2013. "Interactions between energy and imports in Singapore: Empirical evidence from conditional error correction models," Energy Policy, Elsevier, vol. 63(C), pages 514-520.
    • Handle: RePEc:eee:enepol:v:63:y:2013:i:c:p:514-520
    DOI: 10.1016/j.enpol.2013.08.037
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