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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

https://izlik.org/JA97GA23NF

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

https://izlik.org/JA97GA23NF

Abstract

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Details

Other ID JA84NU83UT
Authors

Suleyman Bolat This is me

Murat Belke

Necati Celik This is me

Publication Date December 1, 2013
IZ https://izlik.org/JA97GA23NF
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. https://izlik.org/JA97GA23NF
AMA 1.Bolat S, Belke M, Celik N. Mean Reverting Behavior of Energy Consumption: Evidence from Selected MENA Countries. IJEEP. 2013;3(4):315-320. https://izlik.org/JA97GA23NF
Chicago Bolat, Suleyman, Murat Belke, and Necati Celik. 2013. “Mean Reverting Behavior of Energy Consumption: Evidence from Selected MENA Countries”. International Journal of Energy Economics and Policy 3 (4): 315-20. https://izlik.org/JA97GA23NF.
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 [1]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, Dec. 2013, [Online]. Available: https://izlik.org/JA97GA23NF
ISNAD Bolat, Suleyman - Belke, Murat - Celik, Necati. “Mean Reverting Behavior of Energy Consumption: Evidence from Selected MENA Countries”. International Journal of Energy Economics and Policy 3/4 (December 1, 2013): 315-320. https://izlik.org/JA97GA23NF.
JAMA 1.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, Dec. 2013, pp. 315-20, https://izlik.org/JA97GA23NF.
Vancouver 1.Suleyman Bolat, Murat Belke, Necati Celik. Mean Reverting Behavior of Energy Consumption: Evidence from Selected MENA Countries. IJEEP [Internet]. 2013 Dec. 1;3(4):315-20. Available from: https://izlik.org/JA97GA23NF