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Structural breaks and energy efficiency in Fiji

Authors
Publication Date
Keywords
  • C50 - General
  • C53 - Forecasting And Prediction Methods
  • Simulation Methods
  • C52 - Model Evaluation
  • Validation
  • And Selection
  • C51 - Model Construction And Estimation
  • Q49 - Other
  • Q40 - General

Abstract

This paper examines how energy-output ratios in Fiji have responded to the energy crises and in particular if they have declined after the shocks. The expectation is that energy efficiency should improve after the oil shocks. For this purpose we used at first a few simpler procedures and then the recently developed tests for structural breaks by Bai and Perron (1998 and 2003).

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