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Does energy consumption by the US electric power secto exhibit long memory behaviour?

Author

Listed:
  • Luis A. Gil-Alana

    (Facultad de Ciencias Económicas y Empresariales, Universidad de Navarra)

  • James Payne

    (College of Arts and Sciences, Illinois State University)

  • David Loomis

    (Department of Economics, Illinois State University)

Abstract

This communication analyzes the energy consumption by the U.S. electric power by various energy sources through fractional integration. In doing so, we are able to determine the level of persistence of the shocks affecting each energy source. The results indicate long memory behavior as each energy source is highly persistent, displaying long memory along with autoregressive behavior and strong seasonal patterns.

Suggested Citation

  • Luis A. Gil-Alana & James Payne & David Loomis, 2010. "Does energy consumption by the US electric power secto exhibit long memory behaviour?," Faculty Working Papers 04/10, School of Economics and Business Administration, University of Navarra.
    • Handle: RePEc:una:unccee:wp0410
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    References listed on IDEAS

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