Conditional convergence in US disaggregated petroleum consumption at the sector level

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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

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