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The relationship between energy consumption andeconomic growth based on the eight economic regions of China
Xiao Tao, Zhang Zongyi, Guo Xiaoming
2012, (4):
139-146.
Based on the relevant data of the eight economic regions in China during the period of 1986-2008, the panel econometric analysis methods is used, to examine the relationship between Energy Consumption(EC) and economic growth(GDP).The results reveal that in the log term, there exists a bilateral Granger causality running both from GDP to EC and from EC to GDP in the northeast region, north-coastal region, south-coastal region, and middle Yellow River region, and a unilateral Granger causality from GDP to EC in the middle Yangtze River region and northwest region; and a unilateral Granger causality running from EC to GDP in the southwest region.The empirical findings also indicate that in the short run, a unilateral Granger causality exists from GDP to EC in north-coastal region, middle Yangtze River region, and northwest region, it exists from EC to GDP in the south-coastal region and middle Yellow River region, however, the Granger causality does not exist in northeast region and southwest region. Furthermore, the research suggests a hard-to-define relationship between EC and GDP from the pespectives of both the long-term and short-run in the east-coastal region. Finally,based on the empirical results, some related policy recommendations,which have the reference to the formulation of regional energy and industrial policy, are put forward.
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