Nhan Dang Tran , Naresh Chandra Sahu , Chon Van Le
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Evidence on the stationarity of electricity consumption in India
This research reevaluates the stationarity of sectoral electricity consumption in a panel of 18 Indian states. We use a novel panel unit root test with an allowance for structural breaks and cross-sectional dependence. The usual univariate unit root test, which accounts for structural breaks but not cross-dependence, rejects the null hypothesis of a unit root in all states under investigation. When we incorporate structural breaks and cross-sectional dependence, the null hypothesis's rejections significantly decrease. Electricity consumption appears nonstationary in many states across all sectors, suggesting that policy changes can have long-term effects.
期刊介绍:
Utilities Policy is deliberately international, interdisciplinary, and intersectoral. Articles address utility trends and issues in both developed and developing economies. Authors and reviewers come from various disciplines, including economics, political science, sociology, law, finance, accounting, management, and engineering. Areas of focus include the utility and network industries providing essential electricity, natural gas, water and wastewater, solid waste, communications, broadband, postal, and public transportation services.
Utilities Policy invites submissions that apply various quantitative and qualitative methods. Contributions are welcome from both established and emerging scholars as well as accomplished practitioners. Interdisciplinary, comparative, and applied works are encouraged. Submissions to the journal should have a clear focus on governance, performance, and/or analysis of public utilities with an aim toward informing the policymaking process and providing recommendations as appropriate. Relevant topics and issues include but are not limited to industry structures and ownership, market design and dynamics, economic development, resource planning, system modeling, accounting and finance, infrastructure investment, supply and demand efficiency, strategic management and productivity, network operations and integration, supply chains, adaptation and flexibility, service-quality standards, benchmarking and metrics, benefit-cost analysis, behavior and incentives, pricing and demand response, economic and environmental regulation, regulatory performance and impact, restructuring and deregulation, and policy institutions.