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- W2382167974 abstract "This paper uses the newly developed nonlinear modeling techniques-the threshold vector error correction model-to analyze energy consumption and economic growth of China from 1953 to 2008,and makes a comparative study with the vector error model.The results show that China’s energy consumption and economic growth fit the nonlinear threshold mechanism;that the nonlinear model fits better than the linear model;that with the error correction term below the threshold value,there is a long-term bi-directional Granger causality,and the empirical results support the feedback hypothesis theory;that with the error correction term higher than the threshold value,this long-term bi-directional causality disappeared,and the two variables does not show any Granger causality with the empirical results supporting the neutral hypothesis theory.Therefore,an important policy implication from this paper is that there is a dynamic relationship between energy consumption and economic growth." @default.
- W2382167974 created "2016-06-24" @default.
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- W2382167974 date "2013-01-01" @default.
- W2382167974 modified "2023-09-25" @default.
- W2382167974 title "Threshold Effect, Energy Consumption and Economic Growth in China" @default.
- W2382167974 hasPublicationYear "2013" @default.
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