Arellano, M. and S. Bond. (1991) Some tests of speci…cation for panel data: Monte Carlo evidence and an application to employment equations, The Review of Economic Studies, vol 58(2), 277-297.
Askari, H. and N. Krichene (2010) An oil demand and supply model incorporating monetary policy, Energy, vol 35(5), 2013-2021.
- Austvik, O.G. (1987) Oil prices and the dollar dilemma, OPEC Review, 11, 399-412.
Paper not yet in RePEc: Add citation now
Bai, J. and S. Ng (2002) Determining the number of factors in approximate factor models, Econometrica , vol 70, 191-221.
Bai, J. and S. Ng (2004) A panic attack on unit roots and cointegration, Econometrica, vol 72, 1127-1177.
Bai, J., C. Kao and S. Ng (2009) Panel cointegration with global stochastic trends, Journal of Econometrics , vol 149, 82-99.
Banerjee, A., and L.J., Carrion-i-Silvestre (2006) Cointegration in panel data with breaks and cross-section dependence, ECB Working Paper Series, 591.
Baumeister, C. and G. Peersman (2013) The role of time-varying price elasticities in accounting for volatility changes in the crude oil market, Journal of Applied Econometrics, vol 28(7), 1087-1109.
- Bodenstein, M. and L. Guerrieri (2011), Oil e ciency, demand, and prices: a tale of ups and downs, Board of Governors of the Federal Reserve System, International Finance Discussion Papers, 1031.
Paper not yet in RePEc: Add citation now
Bond, S., and Leblebicioglu, A., and F., Schiantarelli (2010), Capital accumulation and growth: a new look at the empirical evidence, Journal of Applied Econometrics, vol 25(7), 1073-1099.
Borenstein, S and A.C. Cameron (1997), Do Gasoline Prices Respond Asymmetrically to Crude Oil Price Changes?, Quarterly Journal of Economics, vol 112(1), 305-339.
Brown, S.P.A. and K.R. Phillips (1984), The Eects of Oil Prices and Exchange Rates on World Oil Consumption, Economic Review, Federal Reserve Bank of Dallas.
- Bussière, M. (2013) Exchange Rate Pass-Through to Trade Prices: The Role of Nonlinearities and Asymmetries, Oxford Bulletin of Economics and Statistics, vol 75(5), 731-758.
Paper not yet in RePEc: Add citation now
Cooper, J.C.B. (2003) Price elasticity of demand for crude oil: Estimates for 23 countries , OPEC Review, 27, 1-8.
Dahl, C. and T. Sterner (1991) Analyzing Gasoline Demand Elasticities: A survey, Energy Economics, vol 3(13), 203-210.
- Dahl, C.A. (1993) A survey of oil demand elasticities for developing countries, OPEC Review, 17, 399-419.
Paper not yet in RePEc: Add citation now
Dargay, J.M. and D. Gately (2010) World oil demand’ s shift toward faster growing and less price-responsive products and regions, Energy Policy, vol 38, 6261-6277.
- Dargay, J.M., Gately, D., and H.G., Huntington (2007) Price and Income Responsiveness of World Oil Demand, by Product, Energy Modeling Forum, Occasional working paper EMF OP 61.
Paper not yet in RePEc: Add citation now
- Dickey, D.A., and W.A. Fuller (1979) Distribution of the Estimators for Autoregressive Time Series with a Unit Root, Journal of the American Statistical Association, 74, 427-431.
Paper not yet in RePEc: Add citation now
Eberhardt, M., 2012. Estimating Panel Time Series Models with Heterogeneous Slopes, Stata Journal 12, 61– 71.
Engel, C. (2000) Long-run PPP may not hold after all, Journal of International Economics vol 51 (2), 243-273.
Engel, C. (2003) Expenditure Switching and Exchange-Rate Policy, NBER Macroeconomics Annual 2002, vol 17, 231-299.
Espey, M. (1998) Gasoline Demand Revisited: An International Meta-Analysis of Elasticities , Energy Economics, vol 20(3), 273-295.
- Fawcett, N. and S. Price (2012) World oil demand in a cross-country panel, Working paper.
Paper not yet in RePEc: Add citation now
- Frankel, J.A. (2006) The Eect of Monetary Policy on Real Commodity Prices, NBER Working Papers 12713, National Bureau of Economic Research, Inc.
Paper not yet in RePEc: Add citation now
Gately, D. and H.G. Huntington (2002) The asymmetric eects of changes in price and income on energy and oil demand, The Energy Journal, vol 23(1), 19-55.
Gengenbach, C., J.-P. Urbain, and J. Westerlund (2008) Panel error correction testing with global stochastic trends, METEOR Research Memorandum RM/08/051, Maastricht University.
Goldberg, P. K. and R. Hellerstein (2013), A Structural Approach to Identifying the Sources of Local-Currency Price Stability, Review of Economic Studies, vol 80(1), 175210.
Gri n, J.M. and C.T. Schulman (2005) Price asymmetry in energy demand models: a proxy for energy-saving technical change?, The Energy Journal, vol 26(2), 1-21.
Haas, R. and L. Schipper (1998) “Residential Energy Demand in OECD Countries and the Role of Irreversible E ciency Improvements†, Energy Economics, vol 20(4), 421-442.
Hamilton, J.D. (2009) Causes and consequences of the oil shock of 2007-08, Brookings Papers on Economic Activity, vol 40(1), 215-283.
- Holtz-Eakin, D. and T.M, Selden (1995) Stoking the …res? CO2 emissions and economic growth, Journal of Public Economics, vol 57(1), 85-101.
Paper not yet in RePEc: Add citation now
Hughes, J.E., C.R. Knittel and D. Sperling (2008) Evidence of a shift in the short-run price elasticity of gasoline demand, The Energy Journal, vol 29(1), 93-114.
Juvenal, L. and I., Petrella (2012) Speculation in the oil market, Economic Synopses, Federal Reserve Bank of St. Louis, 8.
Kilian, L. (2009) Not all oil price shocks are alike: disentangling demand and supply shocks in the crude oil market, American Economic Review, 99, 1053-1069.
Kilian, L. and D. Murphy (2012) Why Agnostic Sign Restrictions Are Not Enough: Understanding the Dynamics of Oil Market VAR Models, Journal of the European Economic Association, vol 10(5), 1166-1188.
Kremers, J. J. M., N. R. Ericsson, and J. J. Dolado (1992) The power of cointegration tests, Oxford Bulletin of Economics and Statistics, vol 54, 325– 348.
Lee, C.-C. and J-D., Lee (2010) A Panel Data Analysis of the Demand for Total Energy and Electricity in OECD Countries, Energy Journal, vol 31(1), 1-23.
Lombardi, M. and I. Van Robays (2011) Do …nancial investors destabilize the oil price?, Working Paper Series European Central Bank, 1346.
- Mas-Colell, A., Whinston,M.D. and J.R. Green (2007) Microeconomic Theory, Oxford University Press: New York, NY.
Paper not yet in RePEc: Add citation now
Moon, H. R. and B. Perron (2004) Testing for a unit root in panels with dynamic factors, Journal of Econometrics, vol 122, 81-126.
Narayan, P.K. and R. Smyth (2007) A panel cointegration analysis of the demand for oil in the Middle East, Energy Policy, vol 12, 6258-6265.
Nickell, S. (1981) Biases in Dynamic Models with Fixed Eects, Econometrica, vol 49(6), 1417-1426.
Peersman, G. (2005) What caused the early millennium slowdown? Evidence based on vector autoregressions, Journal of Applied Econometrics, 20, 185-207.
Peersman, G. and I. Van Robays (2009) Oil and the Euro Area Economy, Economic Policy, vol 24(60), 603-651.
Pesaran, M.H. (2004) General diagnostic tests for cross section dependence in panels, University of Cambridge, Faculty of Economics, Cambridge Working Papers in Economics No. 0435 Pesaran, M.H. (2006) Estimation and inference in large heterogeneous panels with a multi-factor error structure, Econometrica, vol 74, 967-1012.
Pesaran, M.H. (2007) A simple panel unit root test in the presence of cross section dependence, Journal of Applied Econometrics, vol 22, 365-312.
Schmalensee, R., Stoker, T.M. and R.A., Judson (1998) World Carbon Dioxide Emissions: 1950-2050, The Review of Economics and Statistics, vol. 80(1), 15-27.
van Benthem, A. and M. Romani (2009), Fuelling Growth: What Drives Energy Demand in Developing Countries?, Energy Journal, vol 30(3), 91-114.
Walker, I.O. and F. Wirl (1993) “Irreversible Price-Induced E ciency Improvements: Theory and Empirical Application to Road Transportation†, The Energy Journal, vol 14(4), 183-205.