The relationship between energy consumption and economic growth in China——Based the on data in the period of 1953-2008

Abstract

Abstract: Energy consumption plays an important role in economic development. With the industrialization increasingly quickens, the conflict between energy consumption and economic growth becomes more and more prominent. The relationship between energy consumption and economic growth is one of the key issues in the economic research field. However, the research results will change with different samples, different time intervals, and different testing approaches. Based on the E-G two steps methods, the cointegration analysis and Granger causality estimation are conducted to test the relationship between China's energy consumption and economic growth based on the data in the period of 1953-2008. The results show that although some short-run fluctuation exists, there is a stable equilibrium relation between them in the long-run. In addition, the single-direction causality from energy consumption to economic growth is found.

Key words: energy consumption, economic growth, E-G two steps method, Granger causality

CLC Number:

F416.2

Yin Jianhua, Wang Zhaohua. The relationship between energy consumption and economic growth in China——Based the on data in the period of 1953-2008[J]. Science Research Management, 2011, 32(7): 122-129.

References

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