Does energy consumption by the US electric power secto exhibit long memory behaviour?

  1. Gil Alaña, Luis Alberiko
  2. Payne, James E.
  3. Loomis, David
Revista:
Working Papers ( Universidad de Navarra. Facultad de Ciencias Económicas y Empresariales )

Any de publicació: 2010

Número: 4

Tipus: Document de treball

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Resum

This communication analyzes the energy consumption by the U.S. electric power by various energy sources through fractional integration. In doing so, we are able to determine the level of persistence of the shocks affecting each energy source. The results indicate long memory behavior as each energy source is highly persistent, displaying long memory along with autoregressive behavior and strong seasonal patterns.

Fuente de los datos: Dialnet