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Long Memory in the Energy Consumption by Source of the United States: Fractional Integration, Seasonality Effect and Structural Breaks

Memoria Larga en el Consumo de Energía en Estados Unidos: Integración Fraccional, Estacionalidad y Quiebres Estructurales;
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dc.creatorAdekoya, Oluwasegun B.
dc.date2020-04-27
dc.identifierhttps://estudiosdeeconomia.uchile.cl/index.php/EDE/article/view/57109
dc.descriptionIn this paper, long memory behavior of the energy consumption by source of the United States has been examined using the fractional integration technique for the three conventional cases of no regressors, an intercept, and an intercept and a linear trend. In addition, this study extends majority of past studies by considering the effects of seasonality and structural breaks. Using monthly data, it is found that across all the sources considered, energy consumption exhibits long memory with the degree of persistence largely ranging between 0 and 1. Also, the estimated results of the models with seasonality effect and structural breaks show that the energy consumption series have significantly strong seasonal pattern and autoregressive components, and the presence of structural breaks significantly alter the degree of persistence of most of the energy sources. The reports of this study have serious policy implications in the aspect of energy consumption mix, energy consumption efficiency and environmental concernsen-US
dc.descriptionEste trabajo examina el comportamiento de memoria larga del consumo de energía en Estados Unidos utilizando la técnica de integración fraccional. Este estudio extiende trabajos pasados incluyendo un análisis de estacionalidad y de quiebres estructurales. Utilizando datos mensuales se observa que todas las fuentes de consumo de energía consideradas exhiben memoria larga, estacio- nalidad y quiebres.es-ES
dc.formatapplication/pdf
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dc.languageeng
dc.publisherDepartamento de Economía - Facultad de Economía y Negocios, Universidad de Chile.en-US
dc.relationhttps://estudiosdeeconomia.uchile.cl/index.php/EDE/article/view/57109/60639
dc.relationhttps://estudiosdeeconomia.uchile.cl/index.php/EDE/article/view/57109/61566
dc.rightsCopyright (c) 2020 Estudios de Economíaen-US
dc.sourceEstudios de Economía; Vol 47 No 1 (2020): June; 31 - 48es-ES
dc.sourceEstudios de Economía; Vol 47 No 1 (2020): June; 31 - 48en-US
dc.source0718-5286
dc.source0304-2758
dc.titleLong Memory in the Energy Consumption by Source of the United States: Fractional Integration, Seasonality Effect and Structural Breaksen-US
dc.titleMemoria Larga en el Consumo de Energía en Estados Unidos: Integración Fraccional, Estacionalidad y Quiebres Estructuraleses-ES
dc.titlefr-CA
dc.titlept-BR
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/publishedVersion


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