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Are fluctuations in energy consumption per capita transitory? Evidence from a panel of Pacific Island countries

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  • Mishra, Vinod
  • Sharma, Susan
  • Smyth, Russell

Abstract

This study applies the panel stationarity test developed by [Carrion-i-Silvestre et al 2005. Breaking the panels: An application to GDP per capita. Econometrics Journal 8, 159-175] to examine the stationarity of energy consumption per capita for a panel of 13 Pacific Island countries over the period 1980-2005. This test has the advantage that it allows for multiple structural breaks at unknown dates that can differ across countries and can account for all forms of cross-sectional correlation between countries. The conclusion from the study is that energy consumption per capita in approximately 60% of countries is stationary and that energy consumption per capita for the panel as a whole is stationary. The study offers several suggestions for modelling energy consumption and policy-making in the Pacific Islands.

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Bibliographic Info

Article provided by Elsevier in its journal Energy Policy.

Volume (Year): 37 (2009)
Issue (Month): 6 (June)
Pages: 2318-2326

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Handle: RePEc:eee:enepol:v:37:y:2009:i:6:p:2318-2326

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

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Keywords: Energy consumption Panel stationarity Pacific islands;

References

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