Facebook LinkedIn Twitter
Shop

IAEE Members and subscribers to The Energy Journal: Please log in to access the full text article or receive discounted pricing for this article.

A Structural Decomposition Analysis of Changes in Energy Demand in Taiwan: 1971-1984

Abstract:
Taiwan represents an interesting case study of a nation that has been able to adapt to the energy crisis remarkably well, registering sustained economic growth despite increased oil import expenditures. Certain characteristics of Taiwan's economy set it apart from a number of other developing countries. First, Taiwan's economy is very closely inter-linked with international markets. It is a major exporter of goods, and it has had to rely heavily on imports of energy since its indigenous energy resources are so meager. Second, the nation has had an unusually high rate of growth over the past 30 years. For example, Taiwan's GNP grew at an average rate of 9.1 percent per year during the period 1952-1980, as opposed to growth rates of generally below 5 percent experienced by many other LDCs during that period.

Purchase ( $25 )

Energy Specializations: Energy Modeling – Sectoral Energy Demand & Technology

JEL Codes:
Q55 - Environmental Economics: Technological Innovation

Keywords: Energy demand, Taiwan, Structural decomposition, KLEM function

DOI: 10.5547/ISSN0195-6574-EJ-Vol11-No1-11


Published in Volume 11, Number 1 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.