Is Per Capita Energy Use Stationary? Time Series Evidence for the EMU Countries

Energy, Exploration & Exploitation, 35, 1, 24-32, DOI: 10.1177/0144598716679926, ISSN: 0144-5987

9 Pages Posted: 4 Jan 2017

See all articles by Cosimo Magazzino

Cosimo Magazzino

University of Rome III; Royal Economic Society; Italian Economic Association

Date Written: January 2017

Abstract

This study examines the stationary properties of per capita energy use in the 19 Eurozone member countries by using annual data over 1960–2013 period. We utilize the Clemente et al. unit root test that determines structural breaks. Empirical results show that most of the country series does not reject the unit root null hypothesis at the 5% significance level, both in the case of additive outlier and of innovative outlier. Therefore, our empirical findings provide significant evidence that energy use is nonstationary in almost all Eurozone countries. For the policy makers, it is necessary to pay attention to energy use series.

Keywords: Energy use, EMU, structural break, unit root, time series

JEL Classification: C32, N54, Q43

Suggested Citation

Magazzino, Cosimo, Is Per Capita Energy Use Stationary? Time Series Evidence for the EMU Countries (January 2017). Energy, Exploration & Exploitation, 35, 1, 24-32, DOI: 10.1177/0144598716679926, ISSN: 0144-5987, Available at SSRN: https://ssrn.com/abstract=2892466

Cosimo Magazzino (Contact Author)

University of Rome III ( email )

Via Ostiense 139
Rome, RM 00154
Italy

HOME PAGE: http://scienzepolitiche.uniroma3.it/cmagazzino/

Royal Economic Society ( email )

London
United Kingdom

Italian Economic Association ( email )

Piazzale Martelli, 8
Ancona, AN 60121
Italy

HOME PAGE: http://www.siecon.org/online/en/

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