Energy efficiency, food consumption influence on China's economy based on energy and agricultural food price fluctuations

被引:0
作者
Wang, Yantao [1 ]
Li, Yong [1 ]
Han, Jieping [1 ]
Yan, Jing [1 ]
机构
[1] School of Economics and Management, Northeast Dianli University, Jilin
关键词
Agricultural food price; Energy efficiency; Energy price; External shocks; Food consumption;
D O I
10.19026/ajfst.9.1897
中图分类号
学科分类号
摘要
External shocks have significant effects on China's economy, as energy and agriculture food price. In recent years, the increasing of energy price will promote energy efficiency; also increasing prices of agricultural products will impact on production efficiency and economy. In this study, we make a statistical analysis on the impact of energy and agricultural food prices to domestic economy. The result shows that energy price will influence the energy efficiency in the short time, LnEP at lag 1 period increased one percentage can drive LnEE growth by 0.627 percentage, at the same time, agricultural food price will impact on the production efficiency, LnAFP at lag 1 period and the 2 period increased 1 percentage will drive the LnPE increased by 0.245 and 0.016 percentage respectively. Therefore, agricultural food prices have direct mutual promotion effect. Also, there exist at least one direct co-integration relationship between energy price and energy efficiency, which means that there exist a long-term equilibrium relationship between energy price and energy efficiency. © Maxwell Scientific Organization, 2015.
引用
收藏
页码:428 / 433
页数:5
相关论文
共 16 条
[1]  
Abbas V., Dynamic effects of rising oil prices on consumer energy prices in Canada and the United States: Evidence from the last half a century, Energ. Econ., 45, pp. 33-44, (2014)
[2]  
Anna C., Zied F., Oil price and financial markets: Multivariate dynamic frequency analysis, Energ. Policy, 73, pp. 245-258, (2014)
[3]  
Chen Q., Zhou L., Efficiency of finance development on improving technological innovation: Interactions with carbon markets, J. Appl. Sci., 13, 24, pp. 5700-5707, (2013)
[4]  
Florentine S., Energy price shocks and medium term business cycles, J. Monetary Econ., 64, pp. 112-121, (2014)
[5]  
Li Z., Energy efficiency and investments in low-carbon economy: The impact of carbon finance on sustainability development, J. Chem. Pharmaceut. Res., 6, 5, pp. 1255-1261, (2014)
[6]  
Li Z., Ning Z., Research on liquidity risk and financial fragility of Chinese commercial banks, Adv. Inform. Sci. Serv. Sci., 4, 22, pp. 787-793, (2012)
[7]  
Ning Z., Li Z., Principal component model for comparative evaluation of e-learning system: An empirical investigation, Int. J. Appl. Math. Stat., 42, 12, pp. 330-336, (2013)
[8]  
Oleg K., Alexander K., Business cycle, storage and energy prices, Rev. Financ. Econ., 23, pp. 217-226, (2014)
[9]  
Perry S., Renewable energy consumption, CO2 emissions and oil prices in the G7 countries, Energ. Econ., 31, pp. 456-462, (2009)
[10]  
Qing C., Li Z., Evaluation of E-commerce performance in smes based on vector auto regression model, Int. J. u- and e- Serv. Sci. Technol., 7, 5, pp. 151-160, (2014)