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dc.contributor.authorHu, Jin-Lien_US
dc.contributor.authorLin, Cheng-Hsunen_US
dc.date.accessioned2014-12-08T15:20:03Z-
dc.date.available2014-12-08T15:20:03Z-
dc.date.issued2008-09-01en_US
dc.identifier.issn0140-9883en_US
dc.identifier.urihttp://dx.doi.org/10.1016/j.eneco.2007.11.007en_US
dc.identifier.urihttp://hdl.handle.net/11536/14218-
dc.description.abstractEnergy consumption growth is much higher than economic growth for Taiwan in recent years, worsening its energy efficiency. This paper provides a solid explanation by examining the equilibrium relationship between GDP and disaggregated energy consumption under a non-linear framework. The threshold co-integration test developed with asymmetric dynamic adjusting processes proposed by Hansen and Seo [Hansen, B.E., See, B., 2002. Testing for two-regime threshold cointegration in vector error-correction models. Journal of Econometrics 110, 293-318.] is applied. Non-linear co-integrations between GDP and disaggregated energy consumptions are confirmed except for oil consumption. The two-regime vector error-correction models (VECM) show that the adjustment process of energy consumption toward equilibrium is highly persistent when an appropriately threshold is reached. There is mean-reverting behavior when the threshold is reached, making aggregate and disaggregated energy Consumptions grow faster than GDP it) Taiwan. (C) 2007 Elsevier B.V. All rights reserved.en_US
dc.language.isoen_USen_US
dc.subjectdisaggregated energy consumptionen_US
dc.subjectGDPen_US
dc.subjectthreshold co-integrationen_US
dc.subjectasymmetric adjustmenten_US
dc.titleDisaggregated energy consumption and GDP in Taiwan: A threshold co-integration analysisen_US
dc.typeArticleen_US
dc.identifier.doi10.1016/j.eneco.2007.11.007en_US
dc.identifier.journalENERGY ECONOMICSen_US
dc.citation.volume30en_US
dc.citation.issue5en_US
dc.citation.spage2342en_US
dc.citation.epage2358en_US
dc.contributor.department經營管理研究所zh_TW
dc.contributor.departmentInstitute of Business and Managementen_US
dc.identifier.wosnumberWOS:000258805100016-
dc.citation.woscount40-
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