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A dynamic equilibrium of electricity consumption and GDP in Hong Kong: An empirical investigation

  • Ho, Chun-Yu
  • Siu, Kam Wing

Public debates on electricity policy in Hong Kong focus on the regulation regime but sel- dom discuss the macroeconomic impact. In this paper, we use the novel dataset on electricity consumption and report the following ?ndings: (1) there is a long run equilibrium relationship between real GDP and electricity consumption, (2) a one-way causal e¤ect exists from electric- ity consumption to real GDP, (3) a signi?cant adjustment process occurs when equilibrium is interrupted, (4) there exists possible structural change in the relationship between electricity consumption and economic activities in 1990s.

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Article provided by Elsevier in its journal Energy Policy.

Volume (Year): 35 (2007)
Issue (Month): 4 (April)
Pages: 2507-2513

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Handle: RePEc:eee:enepol:v:35:y:2007:i:4:p:2507-2513
Contact details of provider: Web page: http://www.elsevier.com/locate/enpol

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  17. Shin, Yongcheol, 1994. "A Residual-Based Test of the Null of Cointegration Against the Alternative of No Cointegration," Econometric Theory, Cambridge University Press, vol. 10(01), pages 91-115, March.
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