Conditional Convergence in US Disaggregated Petroleum Consumption at the Sector Level

Hooi Hooi Lean () and Russell Smyth

No 03-15, Monash Economics Working Papers from Monash University, Department of Economics

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.

Keywords: Convergence; Petroleum consumption, Unit root, United States (search for similar items in EconPapers)
Pages: 22 pages
Date: 2015-01
New Economics Papers: this item is included in nep-ene
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Journal Article: Conditional convergence in US disaggregated petroleum consumption at the sector level (2016)
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