NDLI: Cointegration analysis of the export trade and energy consumption of Beijing

Content Provider	IEEE Xplore Digital Library
Author	Li Xin Wang Yan-quan
Copyright Year	2011
Description	Author affiliation: School of Economics and Management of Beijing University of Chemical Technology, P.R. China 100029 (Wang Yan-quan) \|\| School of Economics and Management of Beijing Institute of Petrochemical Technology, P.R. China 102617 (Li Xin)
Abstract	This paper does empirical analysis for the relationship between the energy consumption and export trade of Beijing based on the data about the total energy consumption and total export trade volume of Beijing during the period from 1980 to 2009 and by making use of a cointegration theory and a Granger causality test and establishing an error correction model (ECM). According to the analysis result, the energy consumption and export trade of Beijing had a cointegration relationship, namely a long-term equilibrium relationship and the changes of energy consumption of Beijing were the causes of the changes of the export trade scale of Beijing, which suggests that the energy consumption of Beijing had a certain promoting impact on the export trade of Beijing. It is therefore necessary for Beijing to ensure a equilibrium relationship between its energy consumption and export trade on the basis of sound and fast development of its economy so that its export trade can develop in a healthy way while its energy safety is guaranteed.
Starting Page	650
Ending Page	655
File Size	106737
Page Count	6
File Format	PDF
ISBN	9781457718854
ISSN	21551855
e-ISBN	9781457718885
DOI	10.1109/ICMSE.2011.6070031
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2011-09-13
Publisher Place	Italy
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Economics Energy consumption error correction model (ECM) Time series analysis Renewable energy resources cointegration Error correction export trade Mathematical model Electronic countermeasures energy consumption unit test
Content Type	Text
Resource Type	Article

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