Assessing the Effect of Oil Price Shock Using an Energy-Economy Decision Model with Technology Characteristics
نویسندگان
چکیده
The significant jump in world crude oil price over the past year has raised great concern over the economic impact that such a price shock may bring about on Taiwan’s economy, which has been characterized by extremely high import-oil dependence. Previous analyses have been tackling similar issue from several different angles, but it has rarely been discussed from a complete view of interactions among industries, energy, and technology choices. This paper tries to fill this void by using an energy-economy decision model, TaiSEND, which is constructed specifically for energy shock and policy analysis. As an integrated top-down/bottom-up CGE model, TaiSEND has demonstrated to have advantage over other type of models in figuring out how the technology adoption decision may change under given world crude oil price shocks.
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