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

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  • Chia-Yon Chen
  • Adam Rose

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.

Suggested Citation

  • Chia-Yon Chen & Adam Rose, 1990. "A Structural Decomposition Analysis of Changes in Energy Demand in Taiwan: 1971-1984," The Energy Journal, , vol. 11(1), pages 127-147, January.
  • Handle: RePEc:sae:enejou:v:11:y:1990:i:1:p:127-147
    DOI: 10.5547/ISSN0195-6574-EJ-Vol11-No1-11
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    References listed on IDEAS

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    1. Skolka, Jiri, 1989. "Input-output structural decomposition analysis for Austria," Journal of Policy Modeling, Elsevier, vol. 11(1), pages 45-66.
    2. Knut Anton Mork & Robert E. Hall, 1980. "Energy Prices, Inflation, and Recession, 1974-1975," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 31-64.
    3. Knut Anton Mork & Douglas E. Hall, 1980. "Energy Prices, Inflation, and Recession, 1974-1975," The Energy Journal, , vol. 1(3), pages 31-63, July.
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