Convergence of Energy Intensity in OECD Countries
| Autor: | Selahattin Güriş, Begüm Öktem, Recep Oktem, Cem Canel, Burak Güriş |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Consumption (economics)
05 social sciences General Engineering Convergence (economics) Energy consumption Oecd countries 010501 environmental sciences 01 natural sciences Energy policy Geography Economy Energy intensity 0502 economics and business Unit root 050207 economics 0105 earth and related environmental sciences Efficient energy use |
| Zdroj: | Modern Economy. :946-958 |
| ISSN: | 2152-7261 2152-7245 |
| DOI: | 10.4236/me.2017.87066 |
| Popis: | This paper investigates whether there is energy intensity convergence in the Organization for Economic Cooperation and Development (OECD) countries or not by using annual data from the 1980-2011 period. OECD countries are Australia, Austria, Belgium, Canada, Chile, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Japan, North Korea, South Korea, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, UK, and USA. Energy intensity is measured by the ratio of total energy consumption to total output. Energy intensity measures the energy consumption of an economy and its overall energy efficiency. We used linear and nonlinear unit root tests from the recent literature to accomplish this goal. An analysis of the test results shows that there is no convergence in Chile, Finland, Greece, Ireland, South Korea, Luxembourg, Mexico, Netherlands, New Zealand, Portugal, Spain, Sweden, Switzerland, and the UK. These countries should start implementing changes to their energy policies to achieve effective energy use. |
| Databáze: | OpenAIRE |
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