The dynamic relationship of energy price, energy efficiency, and economic growth in China

被引：0
|
作者：
Chen, Wenjing [1 ]
He, Gang [2 ]
机构：
[1] Jinan Univ, Coll Econ, Guangzhou, Guangdong, Peoples R China
[2] Guangdong Univ Business Studies, Fac Econ, Guangzhou, Peoples R China
来源：
MANUFACTURE ENGINEERING AND ENVIRONMENT ENGINEERING, VOLS 1 AND 2 | 2014年 / 84卷
关键词：
energy efficiency; energy prices; economic growth; dynamic relationship;
D O I：
10.2495/MEEE20132152
中图分类号：
T [工业技术];
学科分类号：
08 ;
摘要：
In this paper, the dynamic relationship of the energy prices, energy efficiency and economic growth are investigated. The estimated results of the VAR model reveal the sustainable characteristics of China's economic growth. It can be seen from the Granger causality test that the economic growth rate is the granger cause of the energy efficiency and energy prices, respectively. However, reverse causality does not hold. Variance decomposition technique shows that the variance contribution rates of energy efficiency and energy prices on output growth rate are low. From the cointegration equation, the impact of energy efficiency and energy prices on economic growth are positive.
引用
收藏
页码：1541 / 1546
页数：6
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