The share of the global energy mix: Signs of convergence?

Ghoshray, A. and Malki, I. 2021. The share of the global energy mix: Signs of convergence? Bulletin of Economic Research. 73 (1), pp. 34-50. https://doi.org/10.1111/boer.12232

TitleThe share of the global energy mix: Signs of convergence?
TypeJournal article
AuthorsGhoshray, A. and Malki, I.
Abstract

This paper investigates the convergence behaviour regarding the share of global energy mix, as measured by primary energy consumption. Recent studies that employ stationary tests of panel data suggest that such data support the convergence hypothesis; however, some drawbacks exist, as these studies rely on methods that do not necessarily imply a sufficient condition for convergence. This paper adopts the concept of relative convergence as proposed by Phillips and Sul (2007), which employs a time-varying, idiosyncratic component. We choose to focus on various sources’ global primary energy consumption and investigate the long- run dynamic behaviour by source. The key finding of this paper is that two distinct clubs of convergence of energy can be determined: renewable and non-renewable energy clubs of convergence.

KeywordsEnergy Mix
Renewable Energy
Non-renewable Energy
Relative Convergence
Clubs of Convergence
JournalBulletin of Economic Research
Journal citation73 (1), pp. 34-50
ISSN0307-3378
Year2021
PublisherWiley
Accepted author manuscript
File Access Level
Open (open metadata and files)
Digital Object Identifier (DOI)https://doi.org/10.1111/boer.12232
Web address (URL)https://onlinelibrary.wiley.com/doi/full/10.1111/boer.12232
Publication dates
Published online02 Mar 2020
PublishedJan 2021

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