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Conditional convergence in US disaggregated petroleum consumption at the sector level

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  • Hooi Hooi Lean
  • Vinod Mishra
  • Russell Smyth

Abstract

We test for convergence in disaggregated petroleum consumption at the sector level for the United States using the recently proposed GARCH unit root test, suitable for high frequency data. We find evidence of convergence for just over half of the series, including total petroleum consumption in each sector and approximately three quarters of the disaggregated petroleum consumption series in transportation.

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  • Hooi Hooi Lean & Vinod Mishra & Russell Smyth, 2016. "Conditional convergence in US disaggregated petroleum consumption at the sector level," Applied Economics, Taylor & Francis Journals, vol. 48(32), pages 3049-3061, July.
    • Handle: RePEc:taf:applec:v:48:y:2016:i:32:p:3049-3061
    DOI: 10.1080/00036846.2015.1133901
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    Cited by:

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    5. Payne, James E. & Vizek, Maruška & Lee, Junsoo, 2017. "Is there convergence in per capita renewable energy consumption across U.S. States? Evidence from LM and RALS-LM unit root tests with breaks," Renewable and Sustainable Energy Reviews, Elsevier, vol. 70(C), pages 715-728.
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