Rashid, Abdul; Kocaaslan, Ozge Kandemir - In: International Journal of Energy Economics and Policy 3 (2013) 4, pp. 384-384
This paper empirically examines the relation between energy consumption volatility and unpredictable variations in real gross domestic product (GDP) in the UK. Estimating the Markov switching ARCH model we find a significant regime switching in the behavior of both energy consumption and GDP...
