Sectoral Electricity Consumption and Economic Growth: The Time Difference Case of China, 2006–2015

Jian Zhang, Zhaoguang Hu, Yanan Zheng, Yuhui Zhou and Ziwei Wan
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Jian Zhang: School of Electrical Engineering, Beijing Jiaotong University, Beijing 100044, China
Zhaoguang Hu: School of Electrical Engineering, Beijing Jiaotong University, Beijing 100044, China
Yanan Zheng: Center for Renewable Energy Development, Energy Research Institute of the National Development and Reform Commission (NDRC), Beijing 100038, China
Yuhui Zhou: School of Electrical Engineering, Beijing Jiaotong University, Beijing 100044, China
Ziwei Wan: School of Electrical Engineering, Beijing Jiaotong University, Beijing 100044, China

Energies, 2017, vol. 10, issue 2, 1-14

Abstract: Unlike existing studies focused on the causal relationship between electricity consumption and economic growth at the macro level, this paper uses monthly data from January 2006 to December 2015 and applies the correlation coefficient, as well as Kullback-Leibler (KL) divergence, to study the time difference relationship between sectoral electricity consumption and economic growth. The empirical results draw some main findings as follows: First, the time difference relationships show diversity at the sector level but will form a kind of overall characteristic between economic growth and total electricity consumption. Secondly, not all sectors have a remarkable correlation between sectoral electricity consumption and economic growth as only part of them have reasonable values to describe the time difference relationship. Thirdly, the results present both diversity and aggregation at the industry level, while lagging sectors mainly concentrate in the manufacturing industry. The relationship between sectoral electricity consumption and economic growth can be further explored and described from a new perspective based on the results. Further, the trend of economic development and sectoral electricity consumption can be predicted to help policy-makers formulate proper policies.

Keywords: sectoral electricity consumption; economic growth; China; time difference; Kullback-Leibler (KL) divergence (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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