Are fluctuations in electricity consumption per capita transitory? Evidence from developed and developing economies
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Dosyalar
Tarih
2013
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
PERGAMON-ELSEVIER SCIENCE LTD
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
This paper investigates the unit root properties of electricity consumption per capita of 67 developed and developing countries for the period 1971-2010. To examine the stationary properties of electricity consumption per capita, we have adopted Lee and Strazicich (2003,2004) test of unit root that allows us to test for at most two endogenous breaks and uses the Lagrange Multiplier (LM) test statistics. Results show that 65 country series reject the unit root null hypothesis except for 2 country series. Thus, our empirical findings provide significant evidence that electricity consumption per capita is stationary in almost all countries considered. The stationarity of electricity consumption per capita indicates that it should be possible for the series to forecast future movements in the energy consumption based on the past behaviors of the series.
Açıklama
WOS: 000328868700044
Anahtar Kelimeler
Electricity, Transitory, Permanent
Kaynak
Renewable & Sustaınable Energy Revıews
WoS Q Değeri
Q1
Scopus Q Değeri
Q1
Cilt
28
