The Relationship between Energy Consumption and Economic Growth: Evidence from China's Industrial Sectors

doi:10.3390/en8099392

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	The Relationship between Energy Consumption and Economic Growth: Evidence from China's Industrial Sectors
	Hu, Yi 1; Guo, Dongmei 2; Wang, Mingxi 3; Zhang, Xi 4; Wang, Shouyang1,5
	2015-09-01
发表期刊	ENERGIES
ISSN	1996-1073
卷号	8 期号:9 页码:9392-9406
摘要	In this article, the relationship between energy consumption and economic growth is examined from the viewpoint of China's industrial sectors. Panel data from 37 industrial sectors in China covering the period from 1998 to 2010 was used in this study. Not only first generation panel unit root tests and panel cointegration tests, but also second generation tests that account for dependence between cross-sectional units were employed. The empirical results reveal that both energy consumption and economic growth are integrated as order one, and they are cointegrated. Panel fully modified ordinary least squares estimators show that a 1% increase in energy consumption increases the real value added of industrial sectors by 0.871%, and a 1% increase in real value added of industrial sectors increases energy consumption by 1.103%. The panel vector error correction models for causality tests are estimated by a system generalized moment method. We find a unidirectional causal relation running from economic growth to energy consumption in the shortrun. In the long run, however, there is evidence of a unidirectional causality running from energy consumption to economic growth.
关键词	energy consumption economic growth industrial sectors panel causality cross-sectional dependence
DOI	10.3390/en8099392
语种	英语
资助项目	National Natural Science Foundation of China[71301160] ; National Natural Science Foundation of China[71301173] ; National Natural Science Foundation of China[71471039] ; Beijing Planning Office of Philosophy and Social Science[13JGB018] ; Program for Innovation Research in Central University of Finance and Economics
WOS研究方向	Energy & Fuels
WOS类目	Energy & Fuels
WOS记录号	WOS:000362553000020
出版者	MDPI AG
引用统计
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/20952
专题	系统科学研究所
通讯作者	Zhang, Xi
作者单位	1.Univ Chinese Acad Sci, Sch Econ & Management, Beijing 100190, Peoples R China 2.Cent Univ Finance & Econ, Sch Econ, Beijing 100081, Peoples R China 3.Univ Int Business & Econ, Sch Int Trade & Econ, Beijing 100029, Peoples R China 4.Hunan First Normal Univ, Sch Business, Changsha 410205, Hunan, Peoples R China 5.Chinese Acad Sci, Acad Math & Syst Sci, Beijing 100190, Peoples R China
推荐引用方式 GB/T 7714	Hu, Yi,Guo, Dongmei,Wang, Mingxi,et al. The Relationship between Energy Consumption and Economic Growth: Evidence from China's Industrial Sectors[J]. ENERGIES,2015,8(9):9392-9406.
APA	Hu, Yi,Guo, Dongmei,Wang, Mingxi,Zhang, Xi,&Wang, Shouyang.(2015).The Relationship between Energy Consumption and Economic Growth: Evidence from China's Industrial Sectors.ENERGIES,8(9),9392-9406.
MLA	Hu, Yi,et al."The Relationship between Energy Consumption and Economic Growth: Evidence from China's Industrial Sectors".ENERGIES 8.9(2015):9392-9406.