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Mean Reverting Behavior of Energy Consumption: Evidence from Selected MENA Countries

Year 2013, Volume: 3 Issue: 4, 315 - 320, 01.12.2013

Suleyman Bolat Murat Belke Necati Celik

Abstract

This study examines whether the energy consumption for 15 members of the Middle Eastern & North African (MENA) countries is a stationary process over 1971-2010 period. Annual energy consumption data for Algeria, Bahrain, Egypt, Iran, Israel, Jordan, Lebanon, Libya, Morocco, Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates and Turkey, is analyzed using the Lagrange Multiplier (LM) unit root test, in which structural breaks in level and/or trend are endogenously determined. The results of the LM test with two breaks showed that the energy consumption per capita in 8 MENA countries is a stationary process. This study suggests that it is possible to design consistent energy policies based on econometric models and forecasts of energy consumption in those 8 MENA countries.

Keywords

Energy Consumption Unit Root LM test MENA

Year 2013, Volume: 3 Issue: 4, 315 - 320, 01.12.2013

Suleyman Bolat Murat Belke Necati Celik

Abstract

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Details

Other ID JA84NU83UT
Journal Section Research Article
Authors

Suleyman Bolat This is me

Murat Belke

Necati Celik This is me

Publication Date December 1, 2013
Published in Issue Year 2013 Volume: 3 Issue: 4

Cite

APA Bolat, S., Belke, M., & Celik, N. (2013). Mean Reverting Behavior of Energy Consumption: Evidence from Selected MENA Countries. International Journal of Energy Economics and Policy, 3(4), 315-320.
AMA Bolat S, Belke M, Celik N. Mean Reverting Behavior of Energy Consumption: Evidence from Selected MENA Countries. IJEEP. December 2013;3(4):315-320.
Chicago Bolat, Suleyman, Murat Belke, and Necati Celik. “Mean Reverting Behavior of Energy Consumption: Evidence from Selected MENA Countries”. International Journal of Energy Economics and Policy 3, no. 4 (December 2013): 315-20.
EndNote Bolat S, Belke M, Celik N (December 1, 2013) Mean Reverting Behavior of Energy Consumption: Evidence from Selected MENA Countries. International Journal of Energy Economics and Policy 3 4 315–320.
IEEE S. Bolat, M. Belke, and N. Celik, “Mean Reverting Behavior of Energy Consumption: Evidence from Selected MENA Countries”, IJEEP, vol. 3, no. 4, pp. 315–320, 2013.
ISNAD Bolat, Suleyman et al. “Mean Reverting Behavior of Energy Consumption: Evidence from Selected MENA Countries”. International Journal of Energy Economics and Policy 3/4 (December 2013), 315-320.
JAMA Bolat S, Belke M, Celik N. Mean Reverting Behavior of Energy Consumption: Evidence from Selected MENA Countries. IJEEP. 2013;3:315–320.
MLA Bolat, Suleyman et al. “Mean Reverting Behavior of Energy Consumption: Evidence from Selected MENA Countries”. International Journal of Energy Economics and Policy, vol. 3, no. 4, 2013, pp. 315-20.
Vancouver Bolat S, Belke M, Celik N. Mean Reverting Behavior of Energy Consumption: Evidence from Selected MENA Countries. IJEEP. 2013;3(4):315-20.