Analyzing the Regimes of Energy Consumption Cycle

摘要：

By using the vector error correct model with Markov regime switching of two state variables, the correlations of energy consumption volatility with growth is described and tested. The evidence is found that there is a significant relationship between volatility and growth, and the patterns of correlation vary asymmetrically. With the regimes, it is also concluded that the regime with middle growth and volatility lasts longer and keeps stable, which means that Chinese energy consumption has gone into the stable and proper growth stage.

关键词： Energy Consumption Cycle Growth Volatility Markov Regimes Switching Model

作者: ZOU Yanfen

作者单位: School of business administration, Jiangxi university of finance and economics，Nanchang, P.R.China, 330013

会议类型: 国际会议

会议名称: 2009 International Institute of Applied Statistics Studies(2009 国际应用统计学术研讨会)

会议地点: 青岛

会议语种:英文

页码: 1-5

在线出版日期: 2009-07-25（万方平台首次上网日期，不代表论文的发表时间）