Studies On The Relationship Between The Volatilities Of Electric Market Output And Business Cycles In China's Economy

With the first step of establishing market economy and development of market effectiveness, how to increase the growth efficiency and quality is important to keep fast and stable growth of China's economy. Therefore, it is very crucial for this paper to study the led roles of energy resource to growth and the dependence of growth on the energy resource.Firstly, we give a brief introduction of the background and current scholarship on this paper and the comprehensive summarization of professional documents. We mainly introduce the relationship between the economic and energy and the current development of research. We pay more attention on the econometrics methods and the empirical analysis. And, some analyses is made on the energy development theory and the economic growth theory. To analysis the economic cycle, we make a preparation by introducing the economic cycle theory at first. Finally, we give a frame of this paper and the main content, and also talk about the structure and the innovation. Secondly, we propose a new classical growth model that contains the electricity as a factor. To descript the effect that caused by how to distribute the resource, we apply different production functions which could measure the goods and the electric product. Because the savings rate in the model is still exogenous, the stable economic growth level is still determined by the rate of technology progress and rate of population and depreciation rate of the capital etc. We analyses the stable Solow model, and consider it as the theory model to test the relationship between the electric output volatility and the business cycle.