RELATIONSHIPS BETWEEN OIL PRICE AND TAIWAN'S AUTOMOBILE DEMAND: A COINTEGRATION AND GRANGER CAUSALITY TEST

Chi-Chung Wang; Kevin P. Hwang; Ya-Yun Cheng

doi:10.11175/eastpro.2007.0.158.0

Vol.6 (The 7th International Conference of Eastern Asia Society for Transportation Studies, 2007)

DOI https://doi.org/10.11175/eastpro.2007.0.158.0

会議情報

主催: Eastern Asia Society for Transportation Studies

Academic Paper

RELATIONSHIPS BETWEEN OIL PRICE AND TAIWAN'S AUTOMOBILE DEMAND: A COINTEGRATION AND GRANGER CAUSALITY TEST

Chi-Chung Wang, *Kevin P. Hwang, Ya-Yun Cheng

著者情報

キーワード: oil price, cointegration, Granger causality

会議録・要旨集フリー

p. 158

詳細

抄録

This study aims to analyze the relationships between oil prices and automobile demands in Taiwan. World crude oil price, Taiwan's fuel price, new-car sale and vehicle registrations were used to explore possible leading relation between oil price and automobile demand. Cointegration analysis and Granger causality tests were made for demand models. It reveals that there is evidence for cointegration and Granger-causality from the world crude oil price to new-car sale; and statistically, there is no leading relationship from oil prices to the demand of car-ownership.

責任著者(Corresponding author)

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