Co-integration-based analysis of energy assurance for steady economic growth in China

He, Ya-qun, Lao, Guo-hong, Osuch, Chris E., Zuo, Weiran and Wen, Ba-feng (2008) Co-integration-based analysis of energy assurance for steady economic growth in China. Mining Science and Technology, 18 2: 250-254.


Author He, Ya-qun
Lao, Guo-hong
Osuch, Chris E.
Zuo, Weiran
Wen, Ba-feng
Title Co-integration-based analysis of energy assurance for steady economic growth in China
Journal name Mining Science and Technology  (ERA 2012 Listed)   Check publisher's open access policy
Publication date 2008-06
Sub-type Article
DOI 10.1016/S1006-1266(08)60053-X
Volume number 18
Issue number 2
ISSN 1006-1266
Start page 250
End page 254
Total pages 5
Place of publication Amsterdam, Netherlands
Publisher Elsevier
Language eng
Abstract By applying co-integration analysis, the Granger causality test and an error correction model, the dependency between the energy consumption and the gross domestic product of China was examined. In a further step an analysis was done to establish a correlation between the economic growth of different industries and China's energy consumption. An evidence-based study showed that a co-integration relationship exists between the gross energy consumption and the GDP of China and that the two variables possess bi-directional causality. The energy consumption for the secondary industry has a markedly stimulative effect to the economic growth. This paper also uses an error correction model (ECM) to explain the short-term behavior of energy demands.
Keyword Energy consumption
Co-integration examination
Granger causality
Error correction model
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Non-UQ

Document type: Journal Article
Sub-type: Article
Collections: Julius Kruttschnitt Mineral Research Centre Publications
ERA 2012 Admin Only
 
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Created: Tue, 28 Feb 2012, 11:29:43 EST by Karen Holtham on behalf of Julius Kruttschnitt Mineral Research Centre