English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 94040/124493 (76%)
Visitors : 29078518      Online Users : 428
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    政大機構典藏 > 商學院 > 金融學系 > 期刊論文 >  Item 140.119/77949
    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/77949

    Title: Revisited: Are shocks to energy consumption permanent or temporary? New evidence from a panel SURADF approach
    Authors: Hsu, Yi-Chung;Lee, Chien-Chiang;Lee, Chi-Chuan
    Contributors: 金融系
    Keywords: Q43;C23;C5
    Date: 2008-09
    Issue Date: 2015-08-24 11:45:59 (UTC+8)
    Abstract: This paper explores whether the hypothesis of energy consumption stationarity is supported in different regions. The stationarity properties indicate that the impact of a reduction in energy consumption or a realignment policy is only temporary, and over time the series will revert back to the trend path. This paper first applies the panel seemingly unrelated regressions augmented Dickey-Fuller (Panel SURADF) test developed by Breuer et al. [Breuer, J.B., McNown, R., Wallace, M.S., 2001. Misleading inferences from panel unit-root tests with an illustration from purchasing power parity. Review of International Economics 9(3), 482–493], which allows us to account for possible cross-sectional effects and to identify how many and which members of the panel contain a unit root. The main conclusion is that the stationarity of energy consumption will be affected by the differences among the five regions made up of 84 countries during the period 1971–2003. Similar conclusions are reached when we analyze country-groups based on levels of development. Moreover, the results reveal that conventional panel unit root tests can lead to misleading inferences which are biased towards stationarity, even if only one series in the panel is strongly stationary. Lastly, some policy implications emerge from our results.
    Relation: Energy Economics, 30(5), 2314-2330
    Data Type: article
    DOI 連結: http://dx.doi.org/10.1016/j.eneco.2007.09.007
    DOI: 10.1016/j.eneco.2007.09.007
    Appears in Collections:[金融學系] 期刊論文

    Files in This Item:

    File Description SizeFormat
    2314-2330.pdf192KbAdobe PDF468View/Open

    All items in 政大典藏 are protected by copyright, with all rights reserved.

    社群 sharing

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