Is monthly US natural gas consumption stationary? New evidence from a GARCH unit root test with structural breaks

被引:32
作者
Mishra, Vinod [1 ]
Smyth, Russell [1 ]
机构
[1] Monash Univ, Dept Econ, Clayton, Vic 3800, Australia
关键词
Natural gas; Unit root; Heteroskedasticity; ENERGY-CONSUMPTION; OIL PRICE; INTEGRATION PROPERTIES; NULL HYPOTHESIS; PERMANENT; SHOCKS; TEMPORARY; FLUCTUATIONS; VOLATILITY; LEVEL;
D O I
10.1016/j.enpol.2014.03.033
中图分类号
F [经济];
学科分类号
02 ;
摘要
We apply a recently developed unit root test that simultaneously accounts for heteroskedasticity and structural breaks to United States monthly natural gas consumption. We find that United States monthly natural gas consumption is stationary. Our results illustrate the importance of accounting for heteroskedasticity when testing for a unit root in energy consumption with higher frequency data. (C) 2014 Elsevier Ltd. All rights reserved.
引用
收藏
页码:258 / 262
页数:5
相关论文
共 33 条
[1]   Long memory and disaggregated energy consumption: Evidence from fossils, coal and electricity retail in the U.S. [J].
Apergis, Nicholas ;
Tsoumas, Chris .
ENERGY ECONOMICS, 2012, 34 (04) :1082-1087
[2]   Integration properties of disaggregated solar, geothermal and biomass energy consumption in the U.S. [J].
Apergis, Nicholas ;
Tsoumas, Chris .
ENERGY POLICY, 2011, 39 (09) :5474-5479
[3]   Structural breaks and petroleum consumption in US states: Are shocks transitory or permanent? [J].
Apergis, Nicholas ;
Payne, James E. .
ENERGY POLICY, 2010, 38 (10) :6375-6378
[4]   Are shocks to natural gas consumption temporary or permanent? Evidence from a panel of US states [J].
Apergis, Nicholas ;
Loomis, David ;
Payne, James E. .
ENERGY POLICY, 2010, 38 (08) :4734-4736
[5]   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
[6]   Does natural gas consumption follow a nonlinear path over time? Evidence from 50 US States [J].
Aslan, Alper .
RENEWABLE & SUSTAINABLE ENERGY REVIEWS, 2011, 15 (09) :4466-4469
[7]   Looking for hysteresis in coal consumption in the US [J].
Congregado, Emilio ;
Golpe, Antonio A. ;
Carmona, Monica .
RENEWABLE & SUSTAINABLE ENERGY REVIEWS, 2012, 16 (05) :3339-3343
[8]  
EIA (Electricity Information Administration), 2014, ANN EN OUTL 2014 EAR
[9]  
Energy Information Administration (EIA), 2012, NAT GAS ANN 2012
[10]  
Energy Information Administration (EIA), 2013, DEC 2013 MONTHL EN R