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Is Energy Consumption Per Capita Stationary? Evidence from First and Second Generation Panel Unit Root Tests

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  • Muhammad, Shahbaz
  • Tiwari, Aviral Kumar
  • Khan, Saleheen

Abstract

This paper investigates the unit root properties of energy consumption per capita of 103 high, middle and low income countries using first and second generation panel unit root tests. Our results indicate that energy consumption per capita contains stationary process in all groups of countries. This suggests that short run energy policies should be followed to sustain economic growth and to fulfill energy demand.

Suggested Citation

  • Muhammad, Shahbaz & Tiwari, Aviral Kumar & Khan, Saleheen, 2012. "Is Energy Consumption Per Capita Stationary? Evidence from First and Second Generation Panel Unit Root Tests," MPRA Paper 41607, University Library of Munich, Germany, revised 27 Sep 2012.
  • Handle: RePEc:pra:mprapa:41607
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    References listed on IDEAS

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    Cited by:

    1. Lean, Hooi Hooi & Smyth, Russell, 2014. "Will initiatives to promote hydroelectricity consumption be effective? Evidence from univariate and panel LM unit root tests with structural breaks," Energy Policy, Elsevier, vol. 68(C), pages 102-115.
    2. Okajima, Shigeharu & Okajima, Hiroko, 2013. "Estimation of Japanese price elasticities of residential electricity demand, 1990–2007," Energy Economics, Elsevier, vol. 40(C), pages 433-440.

    More about this item

    Keywords

    Energy Consumption; Panel Unit Root Test;

    JEL classification:

    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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