Structural Breaks and Petroleum Consumption in US States: Are Shocks Transitory or Permanent?

This short communication extends the literature on the stationarity of energy consumption to the case of US petroleum consumption at the state level from 1960 to 2007. The results of Lee and Strazicich (2003) and Narayan and Popp (forthcoming) unit root tests with endogenously determined structural...

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Bibliographic Details
Main Authors: Apergis, Nicholas, Payne, J.
Format: Journal Article
Published: Elsevier Science Ltd. 2010
Subjects:
Online Access:http://hdl.handle.net/20.500.11937/23147