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...
| Main Authors: | , |
|---|---|
| Format: | Journal Article |
| Published: |
Elsevier Science Ltd.
2010
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/23147 |
| _version_ | 1848751069395419136 |
|---|---|
| author | Apergis, Nicholas Payne, J. |
| author_facet | Apergis, Nicholas Payne, J. |
| author_sort | Apergis, Nicholas |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | 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 breaks in the intercept and slope of the trend function reveal break dates that correspond to the two OPEC oil shocks of the 1970s along with the double-dip recession of 1980–1982. The null hypothesis of a unit root in petroleum consumption is rejected for a majority of states. These results highlight the importance of recognizing the heterogeneity in the behavior of petroleum consumption across states in the formulation of energy conservation and demand management policies. |
| first_indexed | 2025-11-14T07:46:52Z |
| format | Journal Article |
| id | curtin-20.500.11937-23147 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T07:46:52Z |
| publishDate | 2010 |
| publisher | Elsevier Science Ltd. |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-231472017-09-13T13:59:01Z Structural Breaks and Petroleum Consumption in US States: Are Shocks Transitory or Permanent? Apergis, Nicholas Payne, J. Petroleum consumption Unit root Structural breaks 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 breaks in the intercept and slope of the trend function reveal break dates that correspond to the two OPEC oil shocks of the 1970s along with the double-dip recession of 1980–1982. The null hypothesis of a unit root in petroleum consumption is rejected for a majority of states. These results highlight the importance of recognizing the heterogeneity in the behavior of petroleum consumption across states in the formulation of energy conservation and demand management policies. 2010 Journal Article http://hdl.handle.net/20.500.11937/23147 10.1016/j.enpol.2010.06.015 Elsevier Science Ltd. restricted |
| spellingShingle | Petroleum consumption Unit root Structural breaks Apergis, Nicholas Payne, J. Structural Breaks and Petroleum Consumption in US States: Are Shocks Transitory or Permanent? |
| title | Structural Breaks and Petroleum Consumption in US States: Are Shocks Transitory or Permanent? |
| title_full | Structural Breaks and Petroleum Consumption in US States: Are Shocks Transitory or Permanent? |
| title_fullStr | Structural Breaks and Petroleum Consumption in US States: Are Shocks Transitory or Permanent? |
| title_full_unstemmed | Structural Breaks and Petroleum Consumption in US States: Are Shocks Transitory or Permanent? |
| title_short | Structural Breaks and Petroleum Consumption in US States: Are Shocks Transitory or Permanent? |
| title_sort | structural breaks and petroleum consumption in us states: are shocks transitory or permanent? |
| topic | Petroleum consumption Unit root Structural breaks |
| url | http://hdl.handle.net/20.500.11937/23147 |