Road transport will account for a large share of developing countries' future energy demand. This paper reviews the trends in road transport energy consumption in 12 countries (Group of Seven (G7) and BRICS) over the period 1973-2010. We report several stylised facts: road transport energy use...

We test for mean reversion in real exchange rates using a recently developed unit root test for non-normal processes based on quantile autoregression inference in semi-parametric and non-parametric settings. The quantile regression approach allows us to directly capture the impact of different...