Le Pen, Yannick; Sévi, Benoît - In: Energy Economics 32 (2010) 3, pp. 702-708
A proper modeling of the long-run behavior of energy and oil intensities is crucial in many respects. This paper aims at checking whether this long-run behavior should be modelled as a deterministic or a stochastic trend or both. We first apply a test for a deterministic trend robust to...