Title :
Cointegration Analysis and ECM of Energy Consumption and Industrial Economic Growth of China
Author :
Tan Yuanfa ; Yin Ying ; Yang Da
Author_Institution :
Dept. of Econ. & Manage., Hunan Electr. Coll. of Technol., Xiangtan, China
Abstract :
This paper analyzes the long-term equilibrium relationship between GDPI and TEC of China by using statistics data from 1953 to 2008. The research shows that there is one-way Granger-causality between the total energy consumption growth and industrial growth, the growth of the total energy consumption impacts on industrial economic growth, and it also shows that industrial economic growth benefits energy development, and the purpose of energy-saving can be achieved through technical innovation.
Keywords :
economic indicators; energy conservation; power system economics; ECM; GDPI; TEC; cointegration analysis; energy consumption; energy development; energy saving; error correction model; gross domestic production of industry; industrial economic growth; one-way Granger-causality; Electronic countermeasures; Energy consumption; Equations; Error correction; Industrial economics; Mathematical model;
Conference_Titel :
Computer and Management (CAMAN), 2011 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-9282-4
DOI :
10.1109/CAMAN.2011.5778728
