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This paper explores whether the hypothesis of energy consumption stationarity is supported in different regions. The stationarity properties indicate that the impact of a reduction in energy consumption or a realignment policy is only temporary, and over time the series will revert back to the trend path. This paper first applies the panel seemingly unrelated regressions augmented Dickey-Fuller (Panel...
In this study, we test the property of nonstationary in regard to the energy consumption for 18 OECD countries using the newly-developed panel SURADF tests of Breuer et al. (2001) for the period 1960-2002. While other panel-based unit root tests are joint tests of a unit root for all members of the panel and are incapable of determining the mix of the 1(0) and 1(1) series in the panel setting, the...
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