Research on the coordination of energy in China’s economic growth

Yuanying Chi, Guoqing Bai, Jialin Li and Bin Chen

PLOS ONE, 2021, vol. 16, issue 6, 1-20

Abstract: This study uses the improved Cobb-Douglas two-factor production function model to explore the potential relationship between economic growth and energy consumption through the multiple co-integration test on the panel data of China from 1985 to 2018. The results show that there is a positive long-term balance between energy consumption and economic growth: economic growth of 1%, total energy consumption growth of 1.53%, which means that economic growth needs higher energy support in the former short term. At the same time, the error correction term will converge energy consumption to a long-term equilibrium state with an adjustment intensity of 134.59%. From the results of variance decomposition, we can also see that as the number of periods increases, the part of real economic growth explained by energy consumption gradually increases.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:plo:pone00:0251824

DOI: 10.1371/journal.pone.0251824

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