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Are shocks to natural gas consumption temporary or permanent?: Evidence from a panel of U.S. states

Dates

Year
2010

Citation

Apergis, N., Loomis, D., and Payne, J.E., 2010, Are shocks to natural gas consumption temporary or permanent?: Evidence from a panel of U.S. states: Energy Policy, v. 38, iss. 8, p. 4734-4736.

Summary

This paper considers the issue of whether shocks to ten commodity prices (gold, silver, platinum, copper, aluminum, iron ore, lead, nickel, tin, and zinc) are persistent or transitory. We use two recently developed unit root tests, namely the Narayan and Popp (NP) [14] test and the Liu and Narayan (LN) [26] test. Both tests allow for two structural breaks in the data series. Using the NP test, we are able to reject the unit root null for iron ore and tin. Using the GARCH-based unit root test of LN, we are able to reject the unit root null for five commodity prices (iron ore, nickel, zinc, lead, and tin). Our findings, thus, suggest that only shocks to gold, silver, platinum, aluminum, and copper are persistent.

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Communities

  • Western Energy Citation Clearinghouse

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Additional Information

Identifiers

Type Scheme Key
DOI WECC []
ISSN WECC 03014215

Citation Extension

journalEnergy Policy
parts
typePages
value4734-4736
typeVolume
value38
typeIssue
value8
citationTypeJournal Article

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