標題: Examining Asymmetric Behavior Between Energy Consumption and Economic Growth in Taiwan
作者: Hu, J. -L.
Lin, C. -H.
經營管理研究所
Institute of Business and Management
關鍵字: asymmetric adjustments;energy efficiency;momentum-threshold autoregressive (M-TAR);non-linearity;threshold cointegration
公開日期: 2013
摘要: Energy consumption growth has recently been higher than economic growth in Taiwan, worsening energy efficiency. This article utilizes the momentum-threshold autoregressive cointegration method to examine the long-run equilibrium relationship between economic growth and energy consumption growth, particularly focusing on the most energy-consuming sectors in Taiwan. Allowing for a threshold effect sheds new light on the explanation of the non-linear characteristics of the energy-growth link The results indicate that economic growth is non-linearly cointegrated with energy consumption when the asymmetric adjusting behavior is confirmed. Specifically, we find that the deviations adjust persistently toward equilibrium in a relative energy efficiency regime for the aggregate-level, while for the sector level in a relative energy inefficiency regime. The government authority should conduct effective energy demand-side management to improve energy efficiency.
URI: http://hdl.handle.net/11536/21482
http://dx.doi.org/10.1080/15567240903160922
ISSN: 1556-7249
DOI: 10.1080/15567240903160922
期刊: ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY
Volume: 8
Issue: 1
起始頁: 76
結束頁: 85
顯示於類別:期刊論文


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