Are shocks to disaggregated energy consumption transitory or permanent in Turkey? New evidence from fourier panel KPSS test

Basit Öğe Kaydı
dc.authoridErdogan, Sinan/0000-0003-3491-8234
dc.authoridAkalin, Guray/0000-0002-6647-5418
dc.contributor.authorErdogan, Sinan
dc.contributor.authorAkalin, Guray
dc.contributor.authorOypan, Oguz
dc.date.accessioned2024-09-18T20:15:14Z
dc.date.available2024-09-18T20:15:14Z
dc.date.issued2020
dc.departmentHatay Mustafa Kemal Üniversitesien_US
dc.description.abstractThe investigation of the stationarity property of energy consumption has recently been a challenge for researchers in energy economics and important for consistent policy proposals. This study uses a set of conventional unit root tests and a recently developed Fourier panel KPSS test to investigate the persistence of shocks in disaggregated energy consumption data in Turkey from 1970 to 2016. The empirical results are as follows. First, the results of the unit root tests with no structural breaks reveal that energy consumption is overwhelmingly nonstationary in regard to sectoral energy consumption, except for the government's consumption; additionally, panel statistics also indicate that energy consumption is nonstationary. Second, the results of the stationarity test that allows multiple structural breaks reveal that sectoral energy use is stationary, but the panel results are controversial. Third, the Fourier panel KPSS test shows that energy use is nonstationary at both the sectoral and the panel level. Overall, the empirical findings indicate that disaggregated energy use is nonstationary, and that the effects of possible shocks on energy consumption in Turkey are permanent. Therefore, stabilization policies on energy consumption are required to avoid a possible spillover effect of energy shocks on other macroeconomic variables. (C) 2020 Elsevier Ltd. All rights reserved.en_US
dc.identifier.doi10.1016/j.energy.2020.117174
dc.identifier.issn0360-5442
dc.identifier.issn1873-6785
dc.identifier.scopus2-s2.0-85080096273en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://doi.org/10.1016/j.energy.2020.117174
dc.identifier.urihttps://hdl.handle.net/20.500.12483/9528
dc.identifier.volume197en_US
dc.identifier.wosWOS:000527568200011en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherPergamon-Elsevier Science Ltden_US
dc.relation.ispartofEnergyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectDisaggregated energy consumptionen_US
dc.subjectEnergy demanden_US
dc.subjectEnergy policyen_US
dc.subjectStructural breaken_US
dc.subjectFourier PANKPSS testen_US
dc.titleAre shocks to disaggregated energy consumption transitory or permanent in Turkey? New evidence from fourier panel KPSS testen_US
dc.typeArticleen_US

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