Research On Relationship Between Economic Growth And Energy Consumption In Liaoning-based On The Panel Date

With the development of the global economy, the energy constraint on sustainable economic development is increasingly evident. It is should promote industrial development mode from the high-consuming to the resource-saving. Lower industrial consumption and sustainable economic development with the energy and the economy is imminent. At present, research on the relationship between energy consumption and economic growth is to start from a theoretical and empirical perspective. Explored and reveal the relationship between energy consumption and economic growth. Not many studies combined with panel data model and empirical studies of the specific energy consumption and economic growth relationship in Liaoning Province. In view of this, the old industrial base in Liaoning Province as research vectors, using the panel data model relationship between energy consumption and economic growth in Liaoning Province, and to determine the Granger Test of Causality between the two. This has important theoretical and practical significance of Liaoning Province Energy and coordinated development of economy.This article studies the energy consumption and economic growth of the three major industrial relations of Liaoning Province. Mainly to complete the work of the following aspects:First, determine the link between the Liaoning Province of energy consumption and economic growth of various industries. Extended application of the Cobb-Douglas production function and use the pseudo possible link between the two relationships.Second, inspection panel data stability. The establishment of a panel data model based on energy consumption and economic growth data in1999-2010Liaoning Province, and Panel unit root test panel data for a smooth. Remove panel data "spurious regression" with a common trend between energy consumption and economic growth.Third, inspection of the cointegration relationship between energy consumption and industrial economic growth. Cointegration test is based on the variables is an order on the basis of a single, to get the two has a long-term cointegration relationship and regression equation residuals is stable. Regression analysis of the original equation, you can get the coefficient of elasticity of the output efficiency of all three industries of the city and the cities and the production of various industries.Fourth, test the causal relationship of energy consumption and industrial economic growth. It can draw energy consumption and according to the characteristics of Liaoning Province in energy consumption and industrial economic growth, a reasonable energy policy recommendations.Text based on panel data to study the relationship between Liaoning Province of energy consumption and economic growth of various industries, a better understanding of both the status and characteristics. Liaoning Province launched the energy policy to promote the sustainable development of energy and economic growth in Liaoning Province has some guiding significance.