On the non-convergence of energy intensities: Evidence from a pair-wise econometric approach
By Yannick Le Pen, Benoît Sévi. 2010
102 citations recorded by the source corpus.
This paper evaluates the convergence of energy intensities for a group of 97 countries in the period 1971–2003. Convergence is tested using a recent method proposed by Pesaran (2007) [Pesaran, M.H., 2007. A pair-wise approach to testing for output and growth convergence. Journal of Econometrics 138, 312–355] based on the stochastic convergence criterion. An advantage of this method is that results do not depend on a benchmark against which convergence is assessed. It gives more robust results. Applications of several unit-root tests as well as a stationarity test uniformly reject the global convergence hypothesis. Locally, for Middle East, OECD and Europe sub-groups, non-convergence is less strongly rejected. The introduction of possible structural breaks in the analysis only marginally provides more support to the convergence hypothesis.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/eb125936523bc36a0a34d8e232f933f5d9446209
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Zsuzsanna Csereklyei
- David I. Stern
- Mª del Mar Rubio Varas
- Brantley Liddle
- S. Sorrell
- Muhammad Shahbaz
- Avik Sinha
- A. Kander
Citations in the corpus
- Global Energy Use: Decoupling or Convergence? (2015, background): “These results confirm the findings of Liddle (2010) and Csereklyei et al. (2016) but contrast with the results of convergence tests using other approaches, such as Le Pen and Sévi (2010).”
- The role of energy in economic growth (2011, unknown): “Le Pen and Sévi (2010) applied a pairwise cointegration test to convergence of energy intensities in 97 countries.”
- Modeling international trends in energy efficiency (2012, background): “Le Pen and Sévi (2010) applied a pairwise cointegration test to convergence of energy intensities in 97 countries rejecting the global convergence hypothesis.”
- Industry-level Total-factor Energy Efficiency in Developed Countries (2011, unknown): “Most EI studies show that levels tend to converge [14–19]; however, certain studies indicate that a convergence of EI appears only in some regions [20,21].”
- Energy and Economic Growth: The Stylized Facts (2014, methodology): “On the other hand, using a pairwise cointegration test for conditional convergence, Le Pen and Se´vi (2010) rejected the global convergence hypothesis for a panel of 97 countries.”