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Are fluctuations in energy variables permanent or transitory? A survey of the literature on the integration properties of energy consumption and production

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  • Smyth, Russell

Abstract

This study reviews the empirical literature on the integration properties of energy consumption and production. The survey begins with a discussion of the implications of whether energy variables contain a unit root and proceeds to examine how results differ according to the specific unit root or stationarity test employed. Various issues in the literature such as country coverage, use of aggregate versus disaggregate energy data and national versus sub-national data are discussed. Results are found to be sensitive to methodology and type of energy considered. Suggestions for future research are discussed.

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Bibliographic Info

Article provided by Elsevier in its journal Applied Energy.

Volume (Year): 104 (2013)
Issue (Month): C ()
Pages: 371-378

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Handle: RePEc:eee:appene:v:104:y:2013:i:c:p:371-378

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Related research

Keywords: Energy consumption; Energy production; Order of integration; Unit root;

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References

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Citations

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Cited by:
  1. Lean, Hooi Hooi & Smyth, Russell, 2014. "Are shocks to disaggregated energy consumption in Malaysia permanent or temporary? Evidence from LM unit root tests with structural breaks," Renewable and Sustainable Energy Reviews, Elsevier, vol. 31(C), pages 319-328.
  2. Paresh Narayan & Russell Smyth, 2014. "Applied Econometrics and a Decade of Energy Economics Research," Development Research Unit Working Paper Series 21-14, Monash University, Department of Economics.
  3. Vinod Mishra & Russell Smyth, 2014. "Convergence in energy consumption per capita among ASEAN countries," Development Research Unit Working Paper Series 22-14, Monash University, Department of Economics.
  4. Hooi Hooi Lean & Russell Smyth, 2013. "Will initiatives to promote hydroelectricity consumption be effective? Evidence from univariate and panel LM unit root tests with structural breaks," Development Research Unit Working Paper Series 47-13, Monash University, Department of Economics.
  5. Belbute, José, 2013. "Does final demand for energy in Portugal exhibit long memory?," MPRA Paper 45717, University Library of Munich, Germany.
  6. Barros, Carlos Pestana & Gil-Alana, Luis A. & Payne, James E., 2013. "U.S. Disaggregated renewable energy consumption: Persistence and long memory behavior," Energy Economics, Elsevier, vol. 40(C), pages 425-432.
  7. Lean, Hooi Hooi & Smyth, Russell, 2013. "Will policies to promote renewable electricity generation be effective? Evidence from panel stationarity and unit root tests for 115 countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 22(C), pages 371-379.

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