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Long memory and disaggregated energy consumption: Evidence from fossils, coal and electricity retail in the U.S

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  • Apergis, Nicholas
  • Tsoumas, Chris

Abstract

In this paper, the long memory properties of disaggregated fossils, coal and electricity retail consumption in the U.S. over the 1989–2009 period are examined. The presence of long memory is related to autocorrelation persistence of each series. Our results show that there is heterogeneity in the order of integration between these types of energy consumption and for the different sectors employed, which is affected by the inclusion of a break event. The order of integration was generally higher for the case of a break in the intercept than in the slope, with the latter being more plausible for all series.

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Bibliographic Info

Article provided by Elsevier in its journal Energy Economics.

Volume (Year): 34 (2012)
Issue (Month): 4 ()
Pages: 1082-1087

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Handle: RePEc:eee:eneeco:v:34:y:2012:i:4:p:1082-1087

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Web page: http://www.elsevier.com/locate/eneco

Related research

Keywords: Fractional integration; Disaggregated fossils; Coal and electricity retail energy; Structural breaks;

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References

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Cited by:
  1. Svetlana Maslyuk & Dinusha Dharmaratna, 2012. "Impact of Shocks on Australian Coal Mining," Development Research Unit Working Paper Series 37-12, Monash University, Department of Economics.
  2. Suleyman Bolat & Murat Belke & Necati Celik, 2013. "Mean Reverting Behavior of Energy Consumption: Evidence from Selected MENA Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 3(4), pages 315 - 320.
  3. Hooi Hooi Lean & Russell Smyth, 2012. "Are fluctuations in production of renewable energy permanent or transitory?," Development Research Unit Working Paper Series 05-12, Monash University, Department of Economics.
  4. Firouz Fallahi & Mohammad Karimi & Marcel-Cristian Voia, 2014. "Are Shocks to Energy Consumption Persistent? Evidence from Subsampling Confidence Intervals," Carleton Economic Papers 14-02, Carleton University, Department of Economics.

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