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 1(1) variables, is used...

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Bibliographic Details
Published in:Energy Exploration & Exploitation
Main Author: Kiran, Burcu
Other Authors: İstanbul Üniversitesi , İktisat Fakültesi , Ekonometri, 82900
Format: Article in Journal/Newspaper
Language:English
Published: 2013
Subjects:
Mühendislik ve Teknoloji
Ziraat
Biyoyakıt Teknolojisi
Tarım Makineleri
Tarımda Enerji
Tarımsal Bilimler
Mühendislik
Bilişim ve Teknoloji (ENG)
ENERJİ VE YAKITLAR
Canada
Iceland
Online Access:https://hdl.handle.net/20.500.12627/87388
https://doi.org/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 1(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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