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

Vinod Mishra, Susan Sharma and Russell Smyth

Energy Policy, 2009, vol. 37, issue 6, 2318-2326

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.

Keywords: Energy; consumption; Panel; stationarity; Pacific; islands (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (99)

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