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Are shocks to natural gas consumption transitory or permanent? A more powerful panel unit root test on the G7 countries

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dc.contributor.authorCai, Y.
dc.contributor.authorMagazzino, C.
dc.date.issued2019
dc.description.abstractThis article re-examines the persistence in natural gas consumption using an alternative methodology. We compare the results of traditional panel unit root tests with those provided by Bahmani-Oskooee et al., which allow for both sharp and smooth breaks. Our analysis uses data for the G7 countries over the 1965–2016 years. The empirical findings show that while traditional unit root tests with sharp breaks lean towards the non-stationarity of the series for all the G7 countries, modeling breaks in our unit root testing methodology can assert that natural gas consumption is non-stationary only for Canada, France, Italy, and USA. These results imply that, for the majority of our sample, energy demand management policies designed to shrink energy consumption will have temporary effects, as energy consumption will return to its trend path.
dc.identifier.citationNatural Resources Forum, 2019; 43(2):111-120
dc.identifier.doi10.1111/1477-8947.12169
dc.identifier.issn0165-0203
dc.identifier.issn1477-8947
dc.identifier.urihttps://hdl.handle.net/11541.2/38814
dc.language.isoen
dc.publisherWiley Blackwell Publishing Ltd
dc.rightsCopyright 2019 The Authors. Natural Resources Forum. Copyright 2019 United Nations.
dc.source.urihttps://doi.org/10.1111/1477-8947.12169
dc.subjectnatural gas consumption
dc.subjectpanel unit root
dc.subjectstructural breaks
dc.subjectG7 countries
dc.titleAre shocks to natural gas consumption transitory or permanent? A more powerful panel unit root test on the G7 countries
dc.typeJournal article
pubs.publication-statusPublished
ror.mmsid9916862328801831

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