English  |  正體中文  |  简体中文  |  Items with full text/Total items : 43312/67235
Visitors : 2149419      Online Users : 4
RC Version 5.0 © Powered By DSPACE, MIT. Enhanced by NTU/NCHU Library IR team.
National Chung Hsing University Institutional Repository - NCHUIR > 農業暨自然資源學院 > 應用經濟學系 > 依資料類型分類 > 期刊論文 >  Energy consumption and GDP revisited: A panel analysis of developed and developing countries

Please use this identifier to cite or link to this item: http://nchuir.lib.nchu.edu.tw/handle/309270000/135530

標題: Energy consumption and GDP revisited: A panel analysis of developed and developing countries
作者: Lee, C.C.;Chang, C.P.
關鍵字: energy consumption;real GDP;multiple structural breaks;panel VARs;impulse response functions;unit-root tests;oil price shocks;causal relationship;structural;breaks;vector autoregressions;economic-growth;level shifts;great;crash;per-capita;hypothesis
日期: 2007
Issue Date: 2012-12-14 11:59:02 (UTC+8)
關連: Energy Economics, Volume 29, Issue 6, Page(s) 1206-1223.
摘要: This paper applies a new panel data stationarity testing procedure, first developed by Carrion-i-Silvestre et al. [2005, Econometrics Journal 8, 159-175], with panel VARs that employ the generalized method of moment techniques in order to re-investigate the dynamic interactions between energy consumption per capita (LEC) and real GDP per capita (LRY) in 22 developed and 18 developing countries. When multiple breaks in the series are taken into account, there is convincing evidence of panel stationarity for LEC and LRY in both groups. The energy crises evidently had a substantive impact on both LEC and LRY in all sample countries. Furthermore, our panel VARs attest to bidirectional causality between LEC and LRY in developed countries, but there is unidirectional causality from LRY to LEC in developing countries. Finally, from the orthogonalized impulse response functions, all of the variables in the panel VARs have a positive effect on each other, but their impact is greater and more persistent in developing countries. Some important policy implications do emerge. (c) 2007 Elsevier B.V. All rights reserved.
Relation: Energy Economics
Appears in Collections:[依資料類型分類] 期刊論文

loading Web of Knowledge data....

Files in This Item:

File SizeFormat






聯絡網站維護人員:wyhuang@nchu.edu.tw,04-22840290 # 412。

DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU/NCHU Library IR team Copyright ©   - Feedback