Are shocks to disaggregated energy consumption in Malaysia permanent or temporary? Evidence from LM unit root tests with structural breaks

被引:33
作者
Lean, Hooi Hooi [1 ]
Smyth, Russell [2 ]
机构
[1] Univ Sains Malaysia, Sch Social Sci, Econ Program, George Town, Malaysia
[2] Monash Univ, Dept Econ, Clayton, Vic 3800, Australia
关键词
Disaggregated energy consumption; Unit root; Structural breaks; OIL-PRICE SHOCK; RENEWABLE ENERGY; SUSTAINABLE ENERGY; INTEGRATION PROPERTIES; TRANSPORTATION SECTOR; COAL CONSUMPTION; GREAT CRASH; CRUDE-OIL; PANEL; FLUCTUATIONS;
D O I
10.1016/j.rser.2013.10.040
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
The objective of this paper is to examine whether energy consumption in Malaysia, disaggregated by sector and type, is stationary or contains a unit root. To realize our objective we apply the Lagrange multiplier (LM) family of unit root tests with up to two structural breaks. Depending on the decision rule for selecting between results in the no-break, one-break and two-break cases, we find that energy consumption is stationary for between 50 per cent and 70 per cent of the disaggregated energy series and between 25 per cent and 50 per cent of sectors. Implications for the Malaysian government's attempts to reduce fossil fuel consumption are discussed. (C) 2013 Elsevier Ltd. All rights reserved.
引用
收藏
页码:319 / 328
页数:10
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