INVESTIGATING THE STATIONARY PROPERTIES OF COAL, NATURAL GAS, AND OIL CONSUMPTION: THE CASE OF FRAGILE FIVE COUNTRIES

Ebru ÇAĞALAYAN-AKAY, Turgut ÜN, hoşeng bülbül

Öz


We examine the stationarity properties of primary energy consumption for "Fragile Five" countries and assesses whether shocks on coal, natural gas, and oil consumption are permanent or temporary. The findings suggest that shocks on coal consumption are temporary for Brazil, South Africa, and Turkey, while are permanent for India and Indonesia. Moreover, the effect of shocks on natural gas consumption is temporary for five fragile countries except for South Africa. Finally, it is found that shocks on oil consumption are temporary for only India and Indonesia.


Anahtar Kelimeler


PPrimary Energy Consumption, Fourier Unit Root Test

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Doğuş Üniversitesi Dergisi
Bahçelievler, Bosna Blv No: 140, 34680 Üsküdar/İstanbul
E-posta: journal@dogus.edu.tr