On the nexus of financial development, economic growth, and energy consumption in China: New perspective from a GMM panel VAR approach

Yaofu Ouyang and Peng Li

Energy Economics, 2018, vol. 71, issue C, 238-252

Abstract: This paper studies the endogenous relationships among financial development, energy consumption, and economic growth in China by applying a GMM panel VAR approach with a panel data of 30 Chinese provinces over the period 1996Q1–2015Q4. Financial development is measured by six individual indicators and by a comprehensive indicator obtained through the PCA method. We also account for regional heterogeneity by dividing our sample into three regions: eastern region, central region, and western region.

Keywords: Financial development; Energy consumption; GMM panel VAR; Economic growth; PCA (search for similar items in EconPapers)
JEL-codes: G20 Q43 Q47 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (118)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0140988318300732
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:71:y:2018:i:c:p:238-252

DOI: 10.1016/j.eneco.2018.02.015

Access Statistics for this article

Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant

More articles in Energy Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().