On the Estimation of the CO2 Emission, Economic Growth and Energy Consumption Nexus Using Dynamic OLS in the Presence of Multicollinearity

On the Estimation of the CO2 Emission, Economic Growth and Energy Consumption Nexus Using Dynamic OLS in the Presence of Multicollinearity

This paper introduces shrinkage estimators (Ridge DOLS) for the dynamic ordinary least squares (DOLS) cointegration estimator, which extends the model for use in the presence of multicollinearity between the explanatory variables in the cointegration vector. Both analytically and by using simulation...

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Bibliographic Details
Main Authors: Kristofer Månsson, B. M. Golam Kibria, Ghazi Shukur, Pär Sjölander
Format: Article
Language:English
Published: MDPI AG 2018-04-01
Series:Sustainability
Subjects:
DOLS
EKC
Kuznets curve
MSE
Ridge
Online Access:http://www.mdpi.com/2071-1050/10/5/1315

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