Conditional convergence in US disaggregated petroleum consumption at the sector level

Research output: Contribution to journalArticleResearchpeer-review

10 Citations (Scopus)

Abstract

We test for convergence in disaggregated petroleum consumption at the sector level for the United States using the recently proposed GARCH unit root test, suitable for high frequency data.We find evidence of convergence for just over half of the series, including total petroleum consumption in each sector and approximately three quarters of the disaggregated petroleum consumption series in transportation.
Original languageEnglish
Pages (from-to)3049 - 3061
Number of pages13
JournalApplied Economics
Volume48
Issue number32
DOIs
Publication statusPublished - 2016

Keywords

  • convergence
  • petroleum consumption
  • unit root
  • United States

Cite this

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title = "Conditional convergence in US disaggregated petroleum consumption at the sector level",
abstract = "We test for convergence in disaggregated petroleum consumption at the sector level for the United States using the recently proposed GARCH unit root test, suitable for high frequency data.We find evidence of convergence for just over half of the series, including total petroleum consumption in each sector and approximately three quarters of the disaggregated petroleum consumption series in transportation.",
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Conditional convergence in US disaggregated petroleum consumption at the sector level. / Lean, Hooi Hooi; Mishra, Vinod; Smyth, Russell Leigh.

In: Applied Economics, Vol. 48, No. 32, 2016, p. 3049 - 3061.

Research output: Contribution to journalArticleResearchpeer-review

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AU - Mishra, Vinod

AU - Smyth, Russell Leigh

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AB - We test for convergence in disaggregated petroleum consumption at the sector level for the United States using the recently proposed GARCH unit root test, suitable for high frequency data.We find evidence of convergence for just over half of the series, including total petroleum consumption in each sector and approximately three quarters of the disaggregated petroleum consumption series in transportation.

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KW - unit root

KW - United States

U2 - 10.1080/00036846.2015.1133901

DO - 10.1080/00036846.2015.1133901

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