Current Issues in Time-Series Analysis for the Energy-Growth Nexus (EGN); Asymmetries and Nonlinearities Case Study: Pakistan
Abstract
This chapter introduces the reader with new trends in the time-series analysis in the EGN that advise toward letting linear frameworks go. The acknowledgment of asymmetries and nonlinearities, both in stationarity and cointegration and in causality (but this is the topic of another chapter in this book), produces a more accurate representation of these concepts and thus, more detailed suggestions for policy making in the long run and the short run. Besides presenting the reason of the generation of these new concepts and giving a succinct ...
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