Convergence and persistence in per capita energy use among OECD countries: Revisited using confidence intervals

被引:46
作者
Fallahi, Firouz [1 ]
Voia, Marcel-Cristian [2 ,3 ]
机构
[1] Univ Tabriz, Dept Econ, Tabriz, Iran
[2] Carleton Univ, Dept Econ, Ottawa, ON K1S 5B6, Canada
[3] Carleton Univ, Ctr Monetary & Financial Econ, Ottawa, ON K1S 5B6, Canada
关键词
Energy use; Convergence; Persistence; Confidence interval; Subsampling; MEDIAN-UNBIASED ESTIMATION; CARBON-DIOXIDE EMISSIONS; ELECTRICITY CONSUMPTION; ROOT; STATIONARY; FLUCTUATIONS; TRANSITORY; PERMANENT; SHOCKS; PANEL;
D O I
10.1016/j.eneco.2015.10.004
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper investigates the convergence in per capita energy use of a group of 25 OECD countries over the period 1960-2012. Unlike the previous studies, which mainly used unit root tests, in this study, we construct subsampling confidence intervals to assess the convergence in the per capita energy use. These confidence intervals are more informative than the unit root tests, as they provide us with further information on the degree of persistence of the energy use. Our findings suggest that the per capita energy use in Australia, Austria, Belgium, Denmark, Finland, Greece, Italy, Japan, Luxembourg, Netherlands, Norway, Spain, and Switzerland has a convergent pattern. However, the per capita energy use in Greece, Luxemburg, and Spain appear to be very persistent. For the rest of the countries, i.e. 12 countries, we see a divergent pattern. (C) 2015 Elsevier B.V. All rights reserved.
引用
收藏
页码:246 / 253
页数:8
相关论文
共 40 条
[1]   APPROXIMATELY MEDIAN-UNBIASED ESTIMATION OF AUTOREGRESSIVE MODELS [J].
ANDREWS, DWK ;
CHEN, HY .
JOURNAL OF BUSINESS & ECONOMIC STATISTICS, 1994, 12 (02) :187-204
[2]   EXACTLY MEDIAN-UNBIASED ESTIMATION OF 1ST ORDER AUTOREGRESSIVE UNIT-ROOT MODELS [J].
ANDREWS, DWK .
ECONOMETRICA, 1993, 61 (01) :139-165
[3]  
[Anonymous], 1992, BOOTSTRAP EDGEWORTH, DOI DOI 10.1007/978-1-4612-4384-7
[4]   The stationary of energy consumption for Turkish disaggregate data by employing linear and nonlinear unit root tests [J].
Asian, Alper ;
Kum, Hakan .
ENERGY, 2011, 36 (07) :4256-4258
[5]  
Baldini A., 2005, IMF WORKING PAPERS
[6]   Stochastic divergence or convergence of per capita carbon dioxide emissions: Re-examining the evidence [J].
Barassi, Marco R. ;
Cole, Matthew A. ;
Elliott, Robert J. R. .
ENVIRONMENTAL & RESOURCE ECONOMICS, 2008, 40 (01) :121-137
[7]   Convergence in West German regional unemployment rates [J].
Bayer, Christian ;
Juessen, Falko .
GERMAN ECONOMIC REVIEW, 2007, 8 (04) :510-535
[8]   Interpreting tests of the convergence hypothesis [J].
Bernard, AB ;
Durlauf, SN .
JOURNAL OF ECONOMETRICS, 1996, 71 (1-2) :161-173
[9]   ARE US REGIONAL INCOMES CONVERGING - A TIME-SERIES ANALYSIS [J].
CARLINO, GA ;
MILLS, LO .
JOURNAL OF MONETARY ECONOMICS, 1993, 32 (02) :335-346
[10]  
Cashin P, 2000, IMF STAFF PAPERS, V47, P177