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Research on the Relationship of Economic Growth and Energy Consumption in Liaoning Province

Author: HuaYu
Tutor: YangXuDong
School: Liaoning University
Course: Statistics
Keywords: Energy consumption Economic growth Cointegration Analysis Error correction model
CLC: F127;F206
Type: Master's thesis
Year: 2011
Downloads: 138
Quote: 0
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Abstract


Energy is an important material of the socio-economic development to ensure, on the one hand energy inputs to promote economic growth, on the other hand, only the health of the economy in order to ensure the sustainable use of energy. However, energy consumption will also bring a range of energy loss to the expense of economic growth. China has strongly advocated at this stage to energy conservation, the sustainable development of the energy and economic growth. Liaoning Province as one of the northeast old industrial base, the growth rate of energy consumption far exceeds the growth rate of energy production, energy supply and demand, energy consumption and economic growth have become increasingly prominent, the relationship between energy consumption and economic growth has been restricting the future Liaoning the trend of economic development, a clear relationship of energy consumption and economic growth in Liaoning Province has become the key to solve the problem. In this paper, the relationship between energy consumption and economic growth in Liaoning Province, 1978-2008, a comprehensive analysis of the scale of 1978-2008, Liaoning Province, energy consumption and economic development, which characteristics and Analysis, on the basis of adequate statistical analysis, EViews 6.0 software, Liaoning Province, the total energy consumption and GDP, industrial added value co-integration analysis, the results indicate, Liaoning Province, total energy consumption and GDP, industrial added value of long-term equilibrium relationship exists and Granger causality test to determine Liaoning Province presence of unidirectional causality from GDP to energy consumption, there is unidirectional causality from the industrial added value to the energy consumption of GDP or industrial added value growth will increase Liaoning Province, the total energy consumption, GDP, industrial added value of energy consumption does not constitute a causal relationship. This suggests that Liaoning Province, a non-energy-dependent economy, the right way, the energy-saving policy, Liaoning Province, GDP, industrial added value target to complete the impact is not large, will not affect the development of the economy in the long term. Finally, through the establishment of the error correction model, the short-term fluctuations in energy consumption on the one hand the impact of fluctuations in GDP, on the other hand, is a deviation from the long-run equilibrium effects. The model can be found, the changes in GDP or industrial added value will cause changes in energy consumption in the same direction, the error correction coefficients are in line with the reverse correction mechanism, when the energy consumption in the short-term deviation from the equilibrium, the error correction term energy consumption to the long-run equilibrium state of convergence. Rigorous statistical descriptive analysis and econometric analysis of scientific double argument, in line with the economic development of Liaoning case, there is an urgent need to introduce a resource-efficient economy, in response to the national policy of \to keep Liaoning Province, energy consumption and sustainable economic growth.

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CLC: > Economic > Economic planning and management > Management of National Economy > Energy Management
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