Energy intensity convergence in OECD countries


Kiran B.

ENERGY EXPLORATION & EXPLOITATION, cilt.31, sa.2, ss.237-247, 2013 (SCI-Expanded) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 31 Sayı: 2
  • Basım Tarihi: 2013
  • Doi Numarası: 10.1260/0144-5987.31.2.237
  • Dergi Adı: ENERGY EXPLORATION & EXPLOITATION
  • Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Scopus
  • Sayfa Sayıları: ss.237-247
  • İstanbul Üniversitesi Adresli: Evet

Özet

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.