Energy consumption and income : a semiparametric panel data analysis.
This paper proposes a semiparametric analysis for the study of the relationship between energy consumption per capita and income per capita for an international panel dataset. It shows little evidence for the existence of an environmental Kuznets curve for energy consumption. Energy consumption increases with income for a majority of countries and then stabilizes for very high income countries. Neither changes in energy structure nor macroeconomic cycle/technological change have significant effect on energy consumption.
Energy consumption, environmental Kuznets curve, semiparametric panel model, nonstationarity.
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