Economics at your fingertips  

Energy consumption synchronization between Europe, United States and Japan: A spectral analysis assessment

Bogdan Dima () and Ştefana Maria Dima

Renewable and Sustainable Energy Reviews, 2017, vol. 77, issue C, 1261-1271

Abstract: This paper aims to advance a model able to explain the synchronization tendency in energy consumption, under the impact of international technology transfers. The key argument is related to the differences in energy consumption efficiency of local and foreign technologies. One direct testable consequence of the model is that there might be a certain correlation between the energy consumption between countries and/or economic areas where a free movement of capital goods and technologies takes place. Hence, it is further tested, in the framework of a multivariate spectrum analysis, the case of energy consumption synchronization between Europe and, respectively, United States and Japan for a time span between 1981 and 2011 based on the data provided by U.S. Energy Information Administration. There are evidences of a leading behavior of energy consumption in United States and Japan in respect to Europe as well as of short-run phase delays of 2 up to 5 months.

Keywords: Energy consumption; International technology transfers; Multivariate spectrum analysis (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from
http://www.elsevier. ... 600126/bibliographic

DOI: 10.1016/j.rser.2017.03.042

Access Statistics for this article

Renewable and Sustainable Energy Reviews is currently edited by L. Kazmerski

More articles in Renewable and Sustainable Energy Reviews from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

Page updated 2020-02-18
Handle: RePEc:eee:rensus:v:77:y:2017:i:c:p:1261-1271