One slope does not fit all: Investigating Heterogeneity in Cointegration and Panel Methods in the Energy Intensity Literature
This thesis aims to analyze the methods of existing studies on the relationship be- tween energy intensity and economic variables. I study panel data from 42 countries to examine the cointegration between energy intensity and GDP, capital stock, pop- ulation, and CO2 emissions as well as estimate their relationship with a pooled common correlated effects (CCEP) estimator. Then I investigate the he