The long-term relations under climate change between economic activity and metal utilizations using the forgetting factor
ISBN: 978-1-84950-726-4, eISBN: 978-1-84950-727-1
Publication date: 25 March 2010
Abstract
In this chapter, we apply an efficient subset of vector error correction model (VECM) using the forgetting factor to examine the cointegration under climate change of the time series of the gross domestic product (GDP) and the industrial production and that of the utilization and consumption of important metals such as copper and steel in some important OECD countries as well as some selected newly industrialized Asian and Latin American countries. Both the long-term and the short-term dynamic relations among these variables are examined and the implications are discussed.
Citation
Chen, A.H., Penm, J. and Terrell, R.D. (2010), "The long-term relations under climate change between economic activity and metal utilizations using the forgetting factor", Kensinger, J.W. (Ed.) Research in Finance (Research in Finance, Vol. 26), Emerald Group Publishing Limited, Leeds, pp. 95-111. https://doi.org/10.1108/S0196-3821(2010)0000026007
Publisher
:Emerald Group Publishing Limited
Copyright © 2010, Emerald Group Publishing Limited