The Cointegration Analysis of the Structure in Energy Demand of China Based on Error Correction Model

With the rapid development of economy of China over the years, the demand for energy has increased greatly. To meet the demand of economy for energy, it is of vital importance to analyze the energy market, to research into its inherent nature, and formulate workable energy policy. This paper focuses on relationship between the energy demand structure in China and economy growth, researching on the unit root testing and the influence of energy efficiency improvement by constructing a cointegration error correction model.