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Stochastic convergence in per capita fossil fuel consumption in U.S. states
- Source :
- Energy Economics. 62:382-395
- Publication Year :
- 2017
- Publisher :
- Elsevier BV, 2017.
-
Abstract
- This study examines the stochastic convergence of per capita fossil fuel consumption across U.S. states (including the District of Columbia) utilizing LM and RALS-LM unit root tests with allowance for endogenously determined structural breaks. Our results indicate that with the exception of Nevada, the evidence from two-break and one-break LM and RALS-LM unit root tests rejects the null hypothesis of a unit root in the relative per capita fossil fuel consumption in the U.S. This finding indicates the presence of stochastic convergence in relative per capita fossil fuel consumption in the U.S. states.
- Subjects :
- Economics and Econometrics
020209 energy
Allowance (money)
Convergence (economics)
02 engineering and technology
010501 environmental sciences
01 natural sciences
Fossil fuel consumption
General Energy
0202 electrical engineering, electronic engineering, information engineering
Econometrics
Per capita
Economics
Per Capita Fuel Consumption
Convergence
Unit Roots
Trend-shifts
Unit root
Null hypothesis
0105 earth and related environmental sciences
Subjects
Details
- ISSN :
- 01409883
- Volume :
- 62
- Database :
- OpenAIRE
- Journal :
- Energy Economics
- Accession number :
- edsair.doi.dedup.....6455d79fbcb8061fab1c14a94677209e