Unveiling the Time Effect of a Shock on Electricity Consumption: Evidence from Post-Transition Eu Countries
Journal Title: Studia Prawno-Ekonomiczne - Year 2017, Vol 0, Issue
Abstract
This paper explores the time-series properties of the relative per capita electricity consumption series disaggregated by consumer sectors for the presence of a unit root for eleven post-transition EU countries. To that end, the panel unit root tests without and with structural break(s) were used covering the period 2002–2013. The results of the former indicate that electricity consumption is the unit root process for each sector, indicating that any shock thereto is likely to be permanent. The results of the latter support the non-stationary null for the majority of the countries and sectors under investigation, and also point out that each country was exposed to at least one significant shock affecting some of the electricity consumption variables. Thereby, the shocks will probably have permanent effects on them, and their electricity consumption will be path-dependent. Consequently, there is little evidence of convergence of post-transition EU countries to the single electricity market.
Authors and Affiliations
Đula Borozan
Keywords
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- EP ID EP234285
- DOI 10.26485/SPE/2017/104/11
- Views 99
- Downloads 0
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