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Based on regime shifts test with MSAR model,The paper estimates the MSVAR model to investigate the interactive relationships between stock market and oil price using monthly data ranging from Jan 1991 to Jul 2014. The results show that the volatilities of both stock market and crude oil price...
Persistent link: https://www.econbiz.de/10013022735
energy consumption would continue to increase at least till 2020, with annual growth rates of 10% in 2011–2015 and 6% in 2016 …This paper employs a spatial dynamic panel model to forecast China's energy consumption in 2011–2020. We find that …–2020. A higher proportion of service sectors in the economy and technological progress reduce energy demand. However, the …
Persistent link: https://www.econbiz.de/10010679047
China’s exceptional economic expansion has led to rising energy demand and pollution as well as other environmental …-and-control measures ought to make way gradually for well-implemented market-based approaches. Energy and water pricing need to be reformed …
Persistent link: https://www.econbiz.de/10011276830
As current trends of Chinese economic growth and motorization continue, its demand for higher efficiency fuels (oil … massive demand for energy imports. To predict China’s energy demand into 2020, an econometric model of the Chinese energy … economy is constructed based on its energy balance. This paper suggests that China’s increase demand for energy imports will …
Persistent link: https://www.econbiz.de/10005102124
In this paper we consider whether economic growth in China could be constrained by the physical development of the … energy distribution network. Specifically, we structurally test the network theory of electricity distribution of Dalgaard …. When we look at different time periods we observe what appears to be a fall in the efficiency of the energy distribution …
Persistent link: https://www.econbiz.de/10011208276
of growth rates across individual provinces. Separately, based on this same entropy measure, we also implement cluster …
Persistent link: https://www.econbiz.de/10005609468
Persistent link: https://www.econbiz.de/10010348074
Persistent link: https://www.econbiz.de/10011714228
strong evidence that monetary policy is designed to support real GDP growth mandated by the central government while … different states of the economy. These findings highlight the role of M2 growth as a primary instrument and the bank lending … constraints on a gradual transition from M2 growth to the nominal policy interest rate as a primary instrument for monetary policy. …
Persistent link: https://www.econbiz.de/10011776819
We apply a structural dynamic factor model to a large quarterly dataset covering 38 countries between 2002 and 2011 to analyze China's role in global inflation dynamics. We identify Chinese supply and demand shocks and examine their contributions to global price dynamics and the transmission...
Persistent link: https://www.econbiz.de/10010311863