Analysis on the Influence of Income, Capital and Labor on Energy Consumption in China

Author

Chen, Chun-hua ; Shao, Xing-jun

Author_Institution

Coll. of Econ. & Manage., Nanjing Univ. of Aeronauticsand Astronaut., Nanjing, China

fYear

2011

fDate

25-28 March 2011

Firstpage

1

Lastpage

3

Abstract

The economic income effect, capital and labor substitution effect for energy consumption are analyzed in the paper by using panel data including 29 provinces in China from 1985 to 2007. Empirical analysis indicates that: (1) fixed effect model is relatively appropriate among mixed regression model, fixed effect model and random effect model. (2) influence of economic income on energy consumption is positive but the influence of capital and labor are negative. (3)reducing energy consumption by alternative of capital and labor are the main ways to maintain sustainable economic growth.

Keywords

energy consumption; environmental economics; random processes; regression analysis; sustainable development; Chinese energy consumption; economic income effect; fixed effect model; labor substitution effect; mixed regression model; random effect model; sustainable economic growth; Analytical models; Biological system modeling; Data models; Economics; Energy consumption; Rivers; Sea measurements;

fLanguage

English

Publisher

ieee

Conference_Titel

Power and Energy Engineering Conference (APPEEC), 2011 Asia-Pacific

Conference_Location

Wuhan

ISSN

2157-4839

Print_ISBN

978-1-4244-6253-7

Type

conf

DOI

10.1109/APPEEC.2011.5748807

Filename

5748807