Analysis of dynamic elasticity of energy consumption and economy growth ---- Based on state space model

Builds a state space model of energy consumption and economy growth, and uses Kalman filter algorithm to estimate parameters, and also, uses cointegration test to verify the reliability of the model. The results show that both the long-term and short-term elasticity of energy consumption experience...

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Bibliographic Details
Main Authors: Lu Fang-yuan, Gao Feng-you
Format: Conference Proceeding
Language:English
Subjects:
Algorithm design and analysis
Economic indicators
Economy Growth
Elasticity
Electronic mail
Energy consumption
Error correction
Fluctuations
State Space Model
State-space methods
Testing
Time series analysis
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Summary:Builds a state space model of energy consumption and economy growth, and uses Kalman filter algorithm to estimate parameters, and also, uses cointegration test to verify the reliability of the model. The results show that both the long-term and short-term elasticity of energy consumption experience significant fluctuation process from up to down. The same trend of fluctuations may explain that energy consumption is vulnerable to short-term factors. The existence of lagged elasticity of energy consumption explained the lagged effect of energy consumption well.
ISSN:1948-9439
1948-9447
DOI:10.1109/CCDC.2009.5195122