NDLI: The relationship between energy consumption and economic structure in China

Content Provider	IEEE Xplore Digital Library
Author	Jun-feng, Hu Qing-you, Yan Xiao-ya, Wang Li-li, Zhu
Copyright Year	2011
Description	Author affiliation: Economics and Management School, North China Electric Power University, Beijing 102206, China (Jun-feng, Hu; Qing-you, Yan; Xiao-ya, Wang; Li-li, Zhu)
Abstract	This paper investigates the influence on energy consumption by economic structure in China using panel cointegration and Granger causal test with panel vector error correction (VEC) model. The panel cointegration test reveals the long equilibrium relationship between energy consumption and economic structure in China. The Granger causal test with panel VEC model reveals the unidirectional causality from economic structure to energy consumption and the bidirectional causality between energy consumption and economic growth in the short and long run. The influence on energy consumption by economic growth is greater in the short run and the influence by economic structure is greater in the long run. Thus when the “energy saving and emission reduction” are in work in China, more attention should be paid to the measures involving the economic structure adjustment. The measures include decreasing the proportion of the high energy consumption industries and supporting the development of the service industries. Thus the target of “energy saving and emission reduction” will be achieved without influencing the economic growth.
Starting Page	1
Ending Page	5
File Size	302336
Page Count	5
File Format	PDF
ISBN	9781424486915
e-ISBN	9781424486946
DOI	10.1109/ICEBEG.2011.5882494
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2011-05-06
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Industries Energy consumption Economic Structure Panel VEC Model Economic indicators Electricity Causal Test China Energy Consumption Manufacturing Econometrics
Content Type	Text
Resource Type	Article

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4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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