Chapter 7: Time-varying Fourier analysis in the energy-growth nexus or the X-variable-growth nexus
Abstract
The inconclusive evidence and contradictive results in the field of the energy-growth economics, despite the vast amount of studies, lead researchers to the employment of more sophisticated methods that may throw additional light or may provide a renewed perspective from which to study the energy-growth relationship. The Fourier analysis regards the relationship as a bunch of sine and cosine waves with various frequencies and phases. Therefore Fourier analysis allows researchers identify the frequencies of the relationship together with their magnitude and phase. This intrinsic characteristic of the Fourier series may enlighten cases ...
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