A dynamic equilibrium of electricity consumption and GDP in Hong Kong: An empirical investigation

被引：119

作者：

Ho, Chun-Yu ^{[1
]}

Siu, Kam Wing ^{[1
]}

机构：

[1] Boston Univ, Dept Econ, Boston, MA 02215 USA

来源：

ENERGY POLICY | 2007年 / 35卷 / 04期

关键词：

cointegration and error correction; electricity; Hong Kong;

D O I：

10.1016/j.enpol.2006.09.018

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Public debates on electricity policy in Hong Kong focus on the regulation regime but seldom discuss the macroeconomic impact. In this paper, we use the novel dataset on electricity consumption and report the following findings: (1) there is a long run equilibrium relationship between real GDP and electricity consumption; (2) a one-way causal effect exists from electricity consumption to real GDP; (3) a significant adjustment process occurs when equilibrium is interrupted; (4) there exists possible structural change in the relationship between electricity consumption and economic activities in 1990s. (c) 2006 Elsevier Ltd. All rights reserved.

引用

页码：2507 / 2513

页数：7

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