A Study On The Impact Of China's Oil Consumption On Economic Growth

Oil known as the "industrial blood",occupies an extremely important position in the national economic system of various countries.With high efficiency,stable and sustainable development of economy,the oil consumption will continue to increase.But also we had to face the oil reserves,foreign oil imports,high consumption,destruction of organzation and improved consumption.The article concluzed of the from domestic and foreign scholars,who had been on the oil consumption on economic growth research ideas and methods of the proposition,and combined with the actual situation of China's oil consumption and the development of the national economy.It was researched on the impact of the economic growth for qualitative and quantitative,draw the conclusions and countermeasures:(?)Since 1990 th,China's oil and energy consumption intensity coefficient is sustained and rapid decline.By the 1980 th the index 1840 thousand tons of standard coal / million in 2015 dropped to 800 thousand tons of standard coal / million yuan,which directly shows that with the development of economy and the improvement of the technology level,oil energy consumption efficiency is greatly improved.Since 1991 th,China's oil consumption elasticity coefficient remained a relatively steady rise.It shows that the oil demanded is promoted,according to China's energy-saving emission reduction work is still a long way to go from the side,still need to improve the efficiency of oil consumption.(?)The four variables,including GDP,Oil consumption,The total capital input,Labor exists equilibrium,are including long-term cointegration relationship.Oil consumption and GDP are positively related,and the oil consumption increased by 1%,the growth rate of GDP 0.23%.The regression results obviouslt.Although the ratio of oil consumption is positive,but the coefficient is not large.It shows that oil consumption of China's economic growth contribution is limited.The error correction model shows that at this stage of China's oil consumption and GDP are still significant positive,but the marginal efficiency is on the decline.It shows that our country should be efficiency the use of improved oil.(?)The relationship between oil consumption and GDP is mutual Grainger causality.The growth of oil consumption has stimulated the sustained GDP,and GDP growth has accelerated the upgrading of oil consumption.(?)With the promotion of new energy,the impact of oil consumption on GDP will be gradually reduced.In this case,the article proposes to speed up the process of the construction of "open source",build the sustainable strengthening energy supply system and improve promotion of research and development,increase the risk prevention and control efforts.And constructed of three major countermeasures diversified oil supply system,to promote our country economy sustainable development.