Is per capita energy use stationary? Time series evidence for the EMU countries

被引:23
作者
Magazzino, Cosimo [1 ,2 ,3 ]
机构
[1] Roma Tre Univ, Dept Polit Sci, Via G Chiabrera 199, I-00145 Rome, Italy
[2] Italian Econ Assoc, Rome, Italy
[3] Royal Econ Soc, St Andrews, Fife, Scotland
关键词
Energy use; EMU; structural break; unit root; time series; PANEL-DATA EVIDENCE; UNIT-ROOT; CONSUMPTION PERMANENT; TRANSITORY EVIDENCE; TEMPORARY; SHOCKS; OIL; FLUCTUATIONS; GDP;
D O I
10.1177/0144598716679926
中图分类号
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号
0807 ; 0820 ;
摘要
This study examines the stationary properties of per capita energy use in the 19 Eurozone member countries by using annual data over 1960-2013 period. We utilize the Clemente etal. unit root test that determines structural breaks. Empirical results show that most of the country series does not reject the unit root null hypothesis at the 5% significance level, both in the case of additive outlier and of innovative outlier. Therefore, our empirical findings provide significant evidence that energy use is nonstationary in almost all Eurozone countries. For the policy makers, it is necessary to pay attention to energy use series.
引用
收藏
页码:24 / 32
页数:9
相关论文
共 29 条
[1]  
[Anonymous], 41607 MPRA
[2]  
[Anonymous], 2005, NEW INTRO MULTIPLE T
[3]  
Baum C.F., 2001, STATA J, V1, P1, DOI DOI 10.2307/2234838
[4]  
Bolat S., 2013, Eur. Sci. J., V9, P79
[5]   Is energy consumption per capita broken stationary? New evidence from regional-based panels [J].
Chen, Pei-Fen ;
Lee, Chien-Chiang .
ENERGY POLICY, 2007, 35 (06) :3526-3540
[6]   Does energy consumption cause economic growth?: Evidence from a systematic study of over 100 countries [J].
Chontanawat, Jaruwan ;
Hunt, Lester C. ;
Pierse, Richard .
JOURNAL OF POLICY MODELING, 2008, 30 (02) :209-220
[7]   Testing for a unit root in variables with a double change in the mean [J].
Clemente, J ;
Montanes, A ;
Reyes, M .
ECONOMICS LETTERS, 1998, 59 (02) :175-182
[8]   PERMANENT AND TRANSITORY COMPONENTS OF GNP AND STOCK-PRICES [J].
COCHRANE, JH .
QUARTERLY JOURNAL OF ECONOMICS, 1994, 109 (01) :241-265
[9]  
Enders W., 2014, APPL ECONOMETRIC TIM, V4th
[10]  
Fallahi F, 2014, CARLETON EC PAPERS C, V14-02