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Energy Consumption in the GCC Countries: Evidence on Persistence

Guglielmo Maria Caporale, Luis Gil-Alana () and Manuel Monge ()

No 7470, CESifo Working Paper Series from CESifo Group Munich

Abstract: This paper examines the statistical properties of energy consumption in the GCC countries applying fractional integration methods to annual data from 1980 to 2014. The results indicate that both the raw and the logged series exhibit a (statistically significant) linear time trend in the case of Bahrain, Oman and Qatar, and the raw series only in the case of Saudi Arabia. Mean reversion (i.e., statistical evidence of d

Keywords: fractional integration; energy consumption; GCC countries (search for similar items in EconPapers)
JEL-codes: C00 C22 E21 Q40 (search for similar items in EconPapers)
Date: 2019
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