Energy Intensity Convergence in OECD Countries

This paper investigates the energy intensity convergence for 21 OECD countries over the period 1980-2010. To achieve this aim, fractional cointegration definition suggested by Cheung and Lai (1993), which requires only a mean reverting ( d < 1) relationship between a set of I(1) variables, is...

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Bibliographic Details
Published in:Energy Exploration & Exploitation
Main Author: Kiran, Burcu
Format: Article in Journal/Newspaper
Language:English
Published: SAGE Publications 2013
Subjects:
Energy Engineering and Power Technology
Fuel Technology
Nuclear Energy and Engineering
Renewable Energy, Sustainability and the Environment
Canada
Iceland
Online Access:http://dx.doi.org/10.1260/0144-5987.31.2.237
http://journals.sagepub.com/doi/pdf/10.1260/0144-5987.31.2.237
Description
Summary:This paper investigates the energy intensity convergence for 21 OECD countries over the period 1980-2010. To achieve this aim, fractional cointegration definition suggested by Cheung and Lai (1993), which requires only a mean reverting ( d < 1) relationship between a set of I(1) variables, is used. Following their suggestion, we employ Geweke and Porter-Hudak test for estimating the fractional parameter of the residuals obtained from cointegrating regressions. The results reveal the presence of energy intensity convergence for 9 countries namely Canada, Chile, Denmark, Finland, Germany, Iceland, Ireland, the Netherlands and Turkey.

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