Are Fluctuations in Energy Consumption Transitory or Permanent? Evidence From a Panel of East Asia & Pacific Countries

Are Fluctuations in Energy Consumption Transitory or Permanent? Evidence From a Panel of East Asia & Pacific Countries

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This paper examines the unit root properties of energy consumption per capita for 15 East Asia & Pacific countries employing the Lagrange Multiplier (LM) panel unit root test with one structural break for 1971-2007. When we apply the LM univariate test without break, we find a unit root in per c...

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Bibliographic Details
Main Author: Hakan Kum
Format: Article
Language:English
Published: EconJournals 2012-07-01
Series:International Journal of Energy Economics and Policy
Subjects:
Energy consumption
Unit root
Stationarity
Lagrange Multiplier
Panel unit root test.
Online Access:http://www.econjournals.com/index.php/ijeep/article/view/227/120
Description
Summary:This paper examines the unit root properties of energy consumption per capita for 15 East Asia & Pacific countries employing the Lagrange Multiplier (LM) panel unit root test with one structural break for 1971-2007. When we apply the LM univariate test without break, we find a unit root in per capita consumption for Brunei Darussalam, Indonesia, Japan, North Korea, South Korea and Myanmar. However, when we apply LM unit root with structural break, we find overwhelming evidence that there is no unit root in per capita energy consumption for these 15 East Asia & Pacific countries.
ISSN:2146-4553

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