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Is per capita energy use stationary? Panel data evidence for the EMU countries
Author(s) -
Cosimo Magazzino
Publication year - 2016
Publication title -
energy exploration and exploitation
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.435
H-Index - 30
eISSN - 2048-4054
pISSN - 0144-5987
DOI - 10.1177/0144598716631666
Subject(s) - per capita , unit root , economics , econometrics , panel data , null hypothesis , constant (computer programming) , series (stratigraphy) , time series , structural break , unit root test , energy (signal processing) , empirical evidence , macroeconomics , statistics , cointegration , mathematics , demography , population , paleontology , sociology , computer science , biology , programming language , philosophy , epistemology
The aim of the study is to examine the stationary properties of per capita energy use in the 19\udEurozone member countries by using yearly data in the 1960–2013 period. First and second\udgeneration of panel unit root tests are applied. Empirical findings show mixed results, since the\udevidence favors the panel stationarity of energy use per capita in all groups of countries for the\udspecification with the constant only; on the contrary, in the specification with constant and trend,\udthe null hypothesis that all series are non-stationary cannot be rejected. Therefore, policymakers\udshould be cautious, paying attention to the energy use series’ properties, as different results\udconduct to opposite policy implications

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