Naslov
Unveiling the time effect of a shock on electricity consumption : Evidence from post-transition EU countries

Autori
Borozan, Đula

Izvornik
Studia Prawno-Ekonomiczne (0081-6841) 104 (2017); 201-221

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
stationarity, panel unit root tests, shock, post-transition EU countries

Sažetak
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 have permanent effects on them, and their electricity consumption will be path-dependent.

Izvorni jezik
Engleski

POVEZANOST RADA