Please use this identifier to cite or link to this item: http://hdl.handle.net/11455/45530
DC FieldValueLanguage
dc.contributor.authorLee, C.C.en_US
dc.contributor.author李建強zh_TW
dc.contributor.authorChang, C.P.en_US
dc.date2007zh_TW
dc.date.accessioned2014-06-06T08:15:15Z-
dc.date.available2014-06-06T08:15:15Z-
dc.identifier.issn0140-9883zh_TW
dc.identifier.urihttp://hdl.handle.net/11455/45530-
dc.description.abstractThis 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.en_US
dc.language.isoen_USzh_TW
dc.relationEnergy Economicsen_US
dc.relation.ispartofseriesEnergy Economics, Volume 29, Issue 6, Page(s) 1206-1223.en_US
dc.relation.urihttp://dx.doi.org/10.1016/j.eneco.2007.01.001en_US
dc.subjectenergy consumptionen_US
dc.subjectreal GDPen_US
dc.subjectmultiple structural breaksen_US
dc.subjectpanel VARsen_US
dc.subjectimpulse response functionsen_US
dc.subjectunit-root testsen_US
dc.subjectoil price shocksen_US
dc.subjectcausal relationshipen_US
dc.subjectstructuralen_US
dc.subjectbreaksen_US
dc.subjectvector autoregressionsen_US
dc.subjecteconomic-growthen_US
dc.subjectlevel shiftsen_US
dc.subjectgreaten_US
dc.subjectcrashen_US
dc.subjectper-capitaen_US
dc.subjecthypothesisen_US
dc.titleEnergy consumption and GDP revisited: A panel analysis of developed and developing countriesen_US
dc.typeJournal Articlezh_TW
dc.identifier.doi10.1016/j.eneco.2007.01.001zh_TW
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