| ID | 111388 |
| Title Proper | Evidence of long memory behavior in U.S. renewable energy consumption |
| Language | ENG |
| Author | Barros, Carlos Pestana ; Gil-Alana, Luis A ; Payne, James E |
| Publication | 2012. |
| Summary / Abstract (Note) | This study examines the degrees of time persistence in U.S. total renewable energy consumption using innovative fractional integration and autoregressive models with monthly data from 1981:1 to 2010:10. The results indicate that renewable energy consumption is better explained in terms of a long memory model that incorporates persistence components and seasonality. The degree of integration is above 0.5 but significantly below 1.0, suggesting nonstationarity with mean reverting behavior. The presence of long memory behavior (persistence) in renewable energy consumption suggests that random shocks may very well move renewable energy consumption from pre-determined target levels for a period of time. |
| `In' analytical Note | Energy Policy Vol. 41; Feb 2012: p.822-826 |
| Journal Source | Energy Policy Vol. 41; Feb 2012: p.822-826 |
| Key Words | Renewable Energy Consumption ; Long Memory ; Persistence |