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Encompassing Of Nested and Non-nested Models:Energy-Growth Models

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Abstract

Whether models are nested or non-nested it is important to be able to compare them and evaluate their comparative results. In this study three energy-growth models by Kraft and Kraft (1978) and Dantama, Zakari, Inuwa (2011) has used, and third model has modified by joining and adding dummies in it. By using these three models we have tested them for non-nested and nested encompassing through Cox test and F-test respectively.

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  • Nazir, Sidra, 2017. "Encompassing Of Nested and Non-nested Models:Energy-Growth Models," MPRA Paper 77487, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:77487
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    References listed on IDEAS

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    1. Asafu-Adjaye, John, 2000. "The relationship between energy consumption, energy prices and economic growth: time series evidence from Asian developing countries," Energy Economics, Elsevier, vol. 22(6), pages 615-625, December.
    2. Mizon, Grayham E & Richard, Jean-Francois, 1986. "The Encompassing Principle and Its Application to Testing Non-nested Hypotheses," Econometrica, Econometric Society, vol. 54(3), pages 657-678, May.
    3. Chontanawat, Jaruwan & Hunt, Lester C. & Pierse, Richard, 2008. "Does energy consumption cause economic growth?: Evidence from a systematic study of over 100 countries," Journal of Policy Modeling, Elsevier, vol. 30(2), pages 209-220.
    4. Soytas, Ugur & Sari, Ramazan, 2003. "Energy consumption and GDP: causality relationship in G-7 countries and emerging markets," Energy Economics, Elsevier, vol. 25(1), pages 33-37, January.
    5. ASGHAR, Zahid, 2008. "Energy–Gdp Relationship: A Causal Analysis For The Five Countries Of South Asia," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 8(1), pages 167-180.
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    More about this item

    Keywords

    nested; non-nested; encompassing; energy growth;
    All these keywords.

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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