Empirical Analysis of Regional Energy Consumptions and Economic Growth
نویسندگان
چکیده
The relationship between economic growth and energy consumption is one of the hot topics in economic research. There are many literatures concern about this topic from theoretical and empirical viewpoint. This paper applies panel unit root, heterogeneous panel cointegration and production function to investigate the relationship between energy consumption and economic growth within a multivariate framework that includes capital stock and labor input for three regions of China during the period of 1995-2007. The empirical results show that energy consumption has had a significant impact on change in GDP in the three regions. The elastic coefficient of EC is 0.25%, 0.20% and 0.18% in the north region, the south region and the west region respectively. The elastic coefficient of capital stock is 0.58, 0.36 and 0.02, and the elastic coefficient of labor input is 0.11, 0.21 and 0.06 respectively. Furthermore, it gives some suggestions on how to realize win-win situation of economic growth and energy saving and reduction.
منابع مشابه
Koreaâs Growth, Trade and Energy Imports: New Evidence for Regional Comprehensive Partnership Analysis
The paper uses economic and energy data analysis and econometric modeling to study the prospects and challenges of Koreaâs 2003 FTA Roadmap (MOFAT 2013) in the form of potential comprehensive partnerships with its major trade and energy partners. It first reviews Koreaâs international economic and trade relations in recent years with a focus on its major merchandise export destinations an...
متن کاملChina's regional sustainability and diversified resource allocation: DEA environmental assessment on economic development and air pollution
a r t i c l e i n f o Environmental protection, including the prevention of air pollution and health hazard materials such as PM2.5 and PM10, is now a very serious policy issue in China after attaining the rapid economic growth and development. The PM stands for " Particular Matter " , indicating the size of both solid particles and liquid droplets found in air. Unfortunately, the economic deve...
متن کاملAnalysis of the Effect of Regional Creativity on Regional Economic Growth within New Economic Geographical Models
A mong the theories explaining the relationship between creativity criteria in cities and economic growth, “Human Capital Theory” by Glaeser and “Creative Class theory” by Florida can be mentioned. Accordingly, present paper aimed at analysis of the creativity effect on regional economic growth and is presented in two theoretical and experimental parts. Considering the results of the curre...
متن کاملRegional Convergence in Knowledge-based Economy
Nowadays, the world economies are rapidly moving towards being more Knowledge-based Economy (KBE) and supporting the force of knowledge as a vital component of economic growth. This recent acceleration in the transition to Knowledge-based Economy in the world, has affected regional economic performance. In this paper, we surveyed the regional convergence in Knowledge-based Economy for selected ...
متن کامل