Income and energy consumption in Asia-Pacific countries - A panel cointegration analysis enhanced with common factors.

The research presented in this paper re-examines the relationship between energy consumption and income for a panel of Asian economies for the period 1971-2018. The Asian economies represent a dynamic, diverse, and interesting set of countries on which to base an examination of these relationships and the tendencies for these economies to be on a path of convergence and integration in their energy consumption and use characteristics. Our convergence analysis provides evidence of convergence in energy intensity among the countries.