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

Yıl 2013, Cilt: 3 Sayı: 4, 315 - 320, 01.12.2013

Suleyman Bolat Murat Belke Necati Celik

Öz

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.

Anahtar Kelimeler

Energy Consumption Unit Root LM test MENA

Yıl 2013, Cilt: 3 Sayı: 4, 315 - 320, 01.12.2013

Suleyman Bolat Murat Belke Necati Celik

Öz

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Ayrıntılar

Diğer ID JA84NU83UT
Bölüm Araştırma Makalesi
Yazarlar

Suleyman Bolat Bu kişi benim

Murat Belke

Necati Celik Bu kişi benim

Yayımlanma Tarihi 1 Aralık 2013
Yayımlandığı Sayı Yıl 2013 Cilt: 3 Sayı: 4

Kaynak Göster

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. Aralık 2013;3(4):315-320.
Chicago Bolat, Suleyman, Murat Belke, ve Necati Celik. “Mean Reverting Behavior of Energy Consumption: Evidence from Selected MENA Countries”. International Journal of Energy Economics and Policy 3, sy. 4 (Aralık 2013): 315-20.
EndNote Bolat S, Belke M, Celik N (01 Aralık 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, ve N. Celik, “Mean Reverting Behavior of Energy Consumption: Evidence from Selected MENA Countries”, IJEEP, c. 3, sy. 4, ss. 315–320, 2013.
ISNAD Bolat, Suleyman vd. “Mean Reverting Behavior of Energy Consumption: Evidence from Selected MENA Countries”. International Journal of Energy Economics and Policy 3/4 (Aralık 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 vd. “Mean Reverting Behavior of Energy Consumption: Evidence from Selected MENA Countries”. International Journal of Energy Economics and Policy, c. 3, sy. 4, 2013, ss. 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.