کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5066081 1372341 2007 6 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Estimating energy elasticity with structural changes in Japan
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی انرژی (عمومی)
پیش نمایش صفحه اول مقاله
Estimating energy elasticity with structural changes in Japan
چکیده انگلیسی
The purpose of this paper is to estimate energy elasticity in Japan taking into account structural changes. We employ a residual-based cointegration model developed by Gregory and Hansen [Gregory, Allan W., Hansen, Bruce E., 1996. Residual-based tests for cointegration in models with regime shifts, Journal of Econometrics. 70, 99-126]. The empirical results show that the three variables have a stable relationship in the long term when considering structural changes in the second quarter of 1993. As compared with the values obtained in previous studies, the income elasticity is higher and the price elasticity is lower. From our analysis, we can confirm whether a carbon tax will meet the objective of the Kyoto Protocol. In conclusion, the tax rate required in the case without structural changes is lower than that in the case with structural changes.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Energy Economics - Volume 29, Issue 6, November 2007, Pages 1254-1259
نویسندگان
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