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Research On The Relationship Of Regional Economic Growth And Energy Consumption

Posted on:2015-11-01Degree:MasterType:Thesis
Country:ChinaCandidate:Q LiFull Text:PDF
GTID:2309330422986444Subject:Industrial Engineering
Abstract/Summary:PDF Full Text Request
China is a huge-geographical country with the significant differences of its regionaleconomic growth and energy resource endowment. It has practical significance to formulateeconomic growth policies and energy saving policies with regional characteristics that weresearch the relationship between economic growth and energy consumption of differentenergy resource endowments regions. By anglicizing the literature and estimating thestatistics preliminarily, we found the uneven distribution of energy resources and thesignificant difference of that energy resource endowment affects on regional energyconsumption and economic growth, etc. Accordingly, the paper presents an assumption that indifferent energy resource endowments regional, effect of energy consumption to economicgrowth has difference. First, by cluster analysis techniques, based on the average of originalenergy production and consumption of1985~2011data of28provinces, municipalities andautonomous regions, we divide28provinces, municipalities and autonomous regions intoenergy resource-rich region, energy resource-self-supported region and energyresource-deficient region. The results show that along with decrease of energy resourceendowments, the Per capita GDP gradually increased and the energy consumption of Per GDPgradually reduced. Second, taken energy consumption, labor, capital accumulation andtechnological progress of energy resource-rich, resource-self-supported and resource-deficientregions as the input variables and real GDP as the output variable, using panel cointegration,we found that energy consumption, labor, capital accumulation, technological progress andeconomic growth have long-run equilibrium relationship in the three different regions andalong with increase of resource endowments, the elasticity coefficient of energy consumption to economic growth is decreased. Energy consumption of energy resource-rich,resource-self-supported and resource-deficient regions increased by1%will stimulateeconomic growth by0.43%,0.41%and0.15%.This means the marginal effect energyconsumption to regional economic growth is reduced, along with increase of energy resourceendowments. Through the analysis of causality we found energy consumption and economicgrowth due to Granger for each other in energy resource-rich and resource-self-supportedregions, but in energy resource-deficient region, Economic growth is a result of energyconsumption. Third, using dynamic panel data model, we analysis the dynamic mechanism ofthe relationship between energy consumption and economic growth in the three differentregions. The result shows that current energy consumption and previous economic growthpromotes current economic growth, but the previous energy consumption inhibits currenteconomic growth. At the same time, we found that technological progress has a positive effecton economic growth, but these positive effect are significant different in the three differentregions. Finally, according to results of a static and dynamic empirical analysis, with status ofenergy consumption and economic growth in three different energy resource endowmentregions,this paper put forward relevant policy suggestions from saving energy and keepingeconomic growth...
Keywords/Search Tags:Energy Resource Endowment, Energy Consumption, Economic Growth, Cluster Analysis, Panel Cointegration, Panel Dynamic Model
PDF Full Text Request
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