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    A new approach to energy consumption per capita stationarity: Evidence from OECD countries
    (Pergamon-Elsevıer scıence ltd., 2016) Özcan, Burcu; Öztürk, İlhan
    Applying a new panel stationary test procedure to data from 32 OECD countries from 1971 to 2013, this study examines the time series properties of per capita energy consumption. The results indicate that energy consumption per capita follows a mean reverting process for 16 OECD countries whereas, for the remaining 16 OECD countries, a mean reverting process is not the case. Besides, energy consumption per capita exhibits some sharp and smooth structural shifts (breaks) in its mean and/or trend levels, and the endogenously identified break dates correspond to specific macroeconomic events such as oil crises, Gulf War, Asian and Global financial crises. These results also have important policy implications. For the 16 OECD countries that have stationary energy consumption per capita series, government policies intended to stabilize energy demand will have no long-lasting effects, and therefore, governments should not adopt unnecessary policy targets for energy demand level. However, for the remaining 16 OECD countries, such policies will have long-lasting effects.
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    Environmental Kuznets Curve (EKC): A Manual
    (Elsevier, 2019) Özcan, Burcu; Öztürk, Ilhan
    Environmental Kuznets Curve (EKC): A Manual provides a comprehensive summary of the EKC, summarizing work on this economic tool that can analyze environmental pollution problems. By enabling users to reconcile environmental and economic development policies, Environmental Kuznets Curve studies lend themselves to the investigation of the energy-growth and finance-energy nexus. The book obviates a dependence on outmoded tools, such as carrying capacity, externalities, ecosystem valuation and cost benefit analysis, while also encouraging flexible approaches to a variety of challenges. © 2019 Elsevier Inc. All rights reserved.