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Stochastic convergence in per capita energy use in world

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  • Fallahi, Firouz

Abstract

This paper examines the pattern of convergence in per capita energy use in a sample of 109-country covering the period 1971–2013. In addition to the full sample of countries, existence of convergence is also examined in seven subsets of countries: OECD countries, OPEC countries, and also countries in America, Africa, Asia and Oceania, Europe, and the Middle East. In contrast to the previous studies which mainly used unit root or stationarity tests, we use the results from subsampling confidence intervals. Furthermore, instead of considering convergence to a particular country benchmark, we explore all the possible pair-wise convergences. The findings, based on 7962 pairs of countries, are more favorable to the existence of the convergence. Another finding of the paper is that the per capita energy use, despite being convergent, is highly persistent.

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  • Fallahi, Firouz, 2017. "Stochastic convergence in per capita energy use in world," Energy Economics, Elsevier, vol. 65(C), pages 228-239.
    • Handle: RePEc:eee:eneeco:v:65:y:2017:i:c:p:228-239
    DOI: 10.1016/j.eneco.2017.04.029
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    More about this item

    Keywords

    Energy use; Convergence; Pair-wise; Confidence interval; Subsampling;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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