Are Changes in Electricity Production Perpetual or Temporary: An Evidence from Emerging Countries
Küçük Resim Yok
Tarih
2022
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Springer Nature
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This study intends to distinguish the stationarity features of electricity production from oil, gas, and coal (% of total) in six emerging countries for 1971–2015. Within this objective, the first-generation panel unit root tests, the second-generation panel unit root tests introduced by Pesaran (General diagnostic tests for cross section dependence in panels, Institute for the Study of Labor (IZA), 2004), and a newly offered panel unit root test allow for sharp and smooth structural breaks improved Bahmani-Oskooee et al. (Applied Financial Economics, 24:1429–1438, 2014) are employed. The first and second-generation panel unit root test result displays that the electricity production is not stationary. This finding mentions that the energy policies will have a long-lasting impression on electricity production. In contrast, Panel Unit Root Tests with Multiple Sharp Breaks test confirm that the fluctuations in the electricity production are temporary and, therefore, the electricity production is prone to return its long-run trend path. According to the univariate version of the unit root tests, the temporary effects of the shocks on the electricity production holds for Brazil, Mexico, and Turkey; while the permanent effect is valid for China, Indonesia, and India. According to the result, it is recommended that China, Indonesia, and India diminish the percentage of nonrenewable energy resources in electricity production. © 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.
Açıklama
Anahtar Kelimeler
Kaynak
Contributions to Finance and Accounting
WoS Q Değeri
Scopus Q Değeri
N/A
Cilt
Part F221
