An Empirical Study Of China's Energy Consumption And Economic Growth

At the present time, energy is an important material basis for the development of world's economics and people's life, plays an extremely role on accelerating the development of economics and improving people's living standards. As the largest and fastest economic growth developing country, the energy consumption of China only next to United States in the world. Energy problems have become the focus in China's economic development.Based on the energy economics and economic growth theory, this dissertation uses econometric methods, analyses the relationship of between energy consumption, energy structure, regional energy consumption and economic growth, energy efficiency and China's industrialization, energy prices, economic growth and inflation. The main conclusions are as follows:Firstly, there is a long-run equilibrium relationship between China's energy consumption and economic growth, and there exists unidirectional Granger causality between them. The economics growth reliance on energy consumption is obviously decreasing, China's economics growth mode is changing.Secondly, there exists unidirectional Granger causality among them. Coal, oil, and natural gas have positive impact on China's economic growth, the coal has the greatest positive impact among them.Thirdly, there is significant contrary relationship between China's regional energy consumption and economic growth.Fourthly, with the China's industrial growth, China's energy efficiency is promoting, China's industrial growth mode is changing.Finally, there exists unidirectional Granger causality between energy price and economic growth, in a short time economic growth increases the demand of energy consumption, rising energy price.