||Recently,LED lighting industry has been on the sopt light.The need for saving energy has made the so-called ‘green energy’ industry became more and more important.Governments have spent a lot cash and effort to foster these industry, and have so far made some improvement.The trend of developing green energy is gathering momentum and is there to stay.LED lighting industry is on the rise, accroding to many research, LED lighting could save much electricity and therefore reduce the emmision of green house gas.|
LED lighting bulbs could last much longer than traditional ones,this feature along with other advantage like better safety and warmer lighting color make the great potential of LED lighting able to take place of traditional lighting.But the cost of it has always been the problem,the technical progress has been vital to the development of LED lighting industry.However, there is not a coherence consensus of how fast would the technical improves.This paper intend to analyze the effect on the industry and the whole economy when take the technical progressing of LED lighting industry as a external variable by using a CGE model.The purpose is to offer a quantitative result on objective basis
||Armington, P. S. (1969), “The Geographic Pattern of Trade and the Effects of Price Changes,” IMF Staff Papers, 16, 176-199.|
Armington, P. S. (1970), “Adjustment of Trade Balances: Some Experiments with a Model of Trade among Many Countries,” IMF Staff Papers, 17, 488-523.
C.T. Carlstrom(1997), “Agency Costs, Net Worth, and Business Fluctuations: A Computable General Equilibrium Analysis, ” American Eomic Review,87,893-910.
J.Diaz-Gimenez, E.C. Prescott, T Fitzgerald,F. Alvarez(1992), “Banking in computable general equilibrium economies,” Federal Reserve Bank of Minneapolis Staff Papers,16,533-559
J.M. Horridge(2000), “ORANI-G: A General Equilibrium Model of the Australian Economy,” Centre of Policy Studies/IMPACT Centre Working Papers,no.93.
S.Pimputkar, J.S.Speck, S.P. DenBaars,S. Nakamura(2009),“Prospects for LED lighting,” Nature Photonics ,3, 180 - 182
Morgan Stanley Research(2010), “LED: From TV to Lighting;Upgrade Epistar and
Everlight to Overweight”
Strategies unlimited(2009), “LED Replacement Lamps:Market Analysis and Forecast”
U.S. D.O.E.(2010), “Energy Savings Potential of Solid-State Lighting in General Illumination Applications:2010 to 2030”
U.S.D.O.E.(2009), “Multi-Year Program Plan FY’09-FY’15:Solid-State Lighting Research and Development”