中文3760字本科毕业论文外文翻译外文题目:Therelationshipbetweenenergyconsumption,energypricesandeconomicgrowth:timeseriesevidencefromAsiandevelopingcountries出处:EnergyEconomics,2000(22):615-625.作者:JohnAsafu-Adjaye原文:AbstractThispaperestimatesthecausalrelationshipsbetweenenergyconsumptionandincomeforIndia,Indonesia,thePhilippinesandThailand,usingcointegrationanderror-correctionmodelingtechniques.Theresultsindicatethat,intheshort-run,unidirectionalGrangercausalityrunsfromenergytoincomeforIndiaandIndonesia,whilebidirectionalGrangercausalityrunsfromenergytoincomeforThailandandthePhilippines.InthecaseofThailandandthePhilippines,energy,incomeandpricesaremutuallycausal.Thestudyresultsdonotsupporttheviewthatenergyandincomeareneutralwithrespecttoeachother,withtheexceptionofIndonesiaandIndiawhereneutralityisobservedintheshort-run.2000ElsevierScienceB.V.Allrightsreserved.1.IntroductionInthepasttwodecadesnumerousstudieshaveexaminedthecausalrelation-shipsbetweenenergyconsumptionandeconomicgrowth,witheitherincomeoremploymentusedasaproxyforthelatter.Todate,theempiricalfindingshavebeenmixedorconflicting.TheseminalarticleonthistopicwaspublishedinthelateseventiesbyKraftandKraft(1978)whofoundevidenceinfavorofcausalityrunningfromGNPtoenergyconsumptionintheUnitedStates,usingdatafortheperiod1947-1974.Theirfindingswerelatersupportedbyotherresearchers.Forexample,AkarcaandLong(1979).foundunidirectionalGrangercausalityrunningfromenergyconsumptiontoemploymentwithnofeedback,usingUSmonthlydatafortheperiod1973-1978.Theyestimatedthelong-runelasticityoftotalemploy-mentwithrespecttoenergyconsumptiontobe-0.1356.However,thesefindingshavebeensubjectedtoempiricalchallenge.AkarcaandLong(1980),ErolandYu(1987a),YuandChoi(1985),andYuandHwang(1984)foundnocausalrelationshipsbetweenincome(peroxidebyGNP)andenergyconsumption.Onthecausalrelationshipbetweenenergyconsumptionandemploy-ment,ErolandYu(1987b,1989),Yuand激n(1992),andYuetal.(1988)foundevidenceinfavorofneutralityofenergyconsumptionwithrespecttoemploy-ment,referredtoasthe‘neutralityhypothesis’.Oneofthereasonsforthedisparateandoftenconflictingempiricalfindingsontherelationshipbetweenenergyconsumptionandeconomicgrowthliesinthevariety---本文来源于网络,仅供参考,勿照抄,如有侵权请联系删除---ofapproachesandtestingproceduresemployedintheanalyses.Manyoftheearlieranalysesemployedsimplelog-linearmodelsestimatedbyordinaryleastsquares(OLS)withoutanyregardforthenatureofthetimeseriespropertiesofthevariablesinvolved.However,ashasrecentlybeenproven,mosteconomictimeseriesarenon-stationaryinlevelsform(seeGrangerandNewbold,1974).Thus,failuretoaccountforsuchpropertiescouldresultinmisleadingrelationshipsamongthevariables.Followingadvancesintimeseriesanalysisinthelastdecade,recenttestsoftheenergyconsumptioneconomicgrowthrelationshiphaveemployedbivariatecausalityproceduresbasedonGranger(1969)andSims’(Sims,1972)tests.How-ever,thesetestsmayfailtodetectadditionalchannelsofcausalityandcanalsoleadtoconflictingresults.Forexample,recently,GlasureandLee(1997)testedforcausalitybetweenenergyconsumptionandGDPforSouthKoreaandSingaporeusingthestandardGrangertest,aswellascointegrationanderror-correctionmodeling.Theyfoundbidirectionalcausalitybetweenincomeandenergyforbothcountries,usingcointegrationanderror-correctionmodeling.However,usingthestandardGrangercau...