Conditional convergence in US disaggregated petroleum consumption at the sector level

Hooi Hooi Lean; Vinod Mishra; Russell Leigh Smyth

doi:10.1080/00036846.2015.1133901

Conditional convergence in US disaggregated petroleum consumption at the sector level

Hooi Hooi Lean, Vinod Mishra, Russell Leigh Smyth

Department of Economics

Research output: Contribution to journal › Article › Research › peer-review

24 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 language	English
Pages (from-to)	3049 - 3061
Number of pages	13
Journal	Applied Economics
Volume	48
Issue number	32
DOIs	https://doi.org/10.1080/00036846.2015.1133901
Publication status	Published - 2016

Keywords

convergence
petroleum consumption
unit root
United States

Access to Document

10.1080/00036846.2015.1133901

Cite this

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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.",

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