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Examining Asymmetric Behavior Between Energy Consumption and Economic Growth in Taiwan.
- Source :
-
Energy Sources Part B: Economics, Planning & Policy . Oct2012, Vol. 8 Issue 1, p76-85. 10p. - Publication Year :
- 2012
-
Abstract
- 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. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 15567249
- Volume :
- 8
- Issue :
- 1
- Database :
- Academic Search Index
- Journal :
- Energy Sources Part B: Economics, Planning & Policy
- Publication Type :
- Academic Journal
- Accession number :
- 83165362
- Full Text :
- https://doi.org/10.1080/15567240903160922