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  Citation Number 4
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Mean Reverting Behavior of Energy Consumption: Evidence from Selected MENA Countries
2013
Journal:  
International Journal of Energy Economics and Policy
Author:  
Abstract:

This study examines whether the energy consumption for 15 members of the Middle Eastern & North African (MENA) countries is a stationary process over 1971-2010 period. Annual energy consumption data for Algeria, Bahrain, Egypt, Iran, Israel, Jordan, Lebanon, Libya, Morocco, Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates and Turkey, is analyzed using the Lagrange Multiplier (LM) unit root test, in which structural breaks in level and/or trend are endogenously determined. The results of the LM test with two breaks showed that the energy consumption per capita in 8 MENA countries is a stationary process. This study suggests that it is possible to design consistent energy policies based on econometric models and forecasts of energy consumption in those 8 MENA countries.

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International Journal of Energy Economics and Policy

Field :   Sosyal, Beşeri ve İdari Bilimler

Journal Type :   Uluslararası

Metrics
Article : 2.578
Cite : 3.986
2023 Impact : 0.22
Details
International Journal of Energy Economics and Policy