Are fluctuations in electricity consumption per capita transitory? evidence from developed and developing economies
Muhammad Shahbaz,
Aviral Tiwari,
Ozturk Ilhan and
Farooq Abdul
MPRA Paper from University Library of Munich, Germany
Abstract:
This paper investigates the unit root properties of electricity consumption per capita for the 67 developed and developing countries for 1971-2007 period. To examine the stationary properties of electricity consumption per capita, we have adopted Lee and Strazicich (2003, 2004) test of unit root that allows us to test for at most two endogenous breaks and uses the Lagrange Multiplier (LM) test statistics. Results show that 65 country series reject the unit root null hypothesis except for 2 country series. Thus, our empirical findings provide significant evidence that electricity consumption per capita is stationary in almost all countries considered in the study. The stationarity of electricity consumption per capita indicates that it should be possible for the series to forecast future movements in the energy consumption based on the past behaviors of the series.
Keywords: Electricity; Transitory; Permanent (search for similar items in EconPapers)
JEL-codes: Q4 (search for similar items in EconPapers)
Date: 2012-06-10, Revised 2012-06-11
New Economics Papers: this item is included in nep-ene
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/39443/1/MPRA_paper_39443.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/39471/1/MPRA_paper_39471.pdf revised version (application/pdf)
Related works:
Journal Article: Are fluctuations in electricity consumption per capita transitory? Evidence from developed and developing economies (2013) 
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: https://EconPapers.repec.org/RePEc:pra:mprapa:39443
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().