Assessing the Effect of Oil Price Shock Using an Energy-Economy Decision Model with Technology Characteristics

DOI

10.2991/jcis.2006.95How to use a DOI?

Keywords

Oil price shock, energy decision model, technology characterictics, TaiSEND

Abstract

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.

Copyright

© 2006, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Shih-Mo Lin
AU  - Chin-Wen Yang
AU  - Chung-Huang Huang
PY  - 2006/10
DA  - 2006/10
TI  - Assessing the Effect of Oil Price Shock Using an Energy-Economy Decision Model with Technology Characteristics
BT  - Proceedings of the 9th Joint International Conference on Information Sciences (JCIS-06)
PB  - Atlantis Press
SN  - 1951-6851
UR  - https://doi.org/10.2991/jcis.2006.95
DO  - 10.2991/jcis.2006.95
ID  - Lin2006/10
ER  -