Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/154860 
Autor:innen: 
Erscheinungsjahr: 
1998
Schriftenreihe/Nr.: 
Nota di Lavoro No. 2.1998
Verlag: 
Fondazione Eni Enrico Mattei (FEEM), Milano
Zusammenfassung: 
The paper considers a SUTSE model embedded in a dynamic framework to estimate an energy cost share model for the Italian economy in an evolutionary environment. This is achieved by allowing stochastic seasonal and trend components in the long-run specification and constructing an error correction mechanism to model short-run dynamics. Modelling instability in the structural time series approach has provided some improvement in the estimates of the elasticities of substitutions and of the price elasticities with respect to those obtained using deterministic trend and seasonal components. Tests for instability in the cointegrating regression support the evolutionary specification adopted.
Schlagwörter: 
Cointegration
Energy substitution
Structural time series approach
Instability analysis
JEL: 
C51
C52
Q41
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
281.61 kB





Publikationen in EconStor sind urheberrechtlich geschützt.