Economic development, marketisation and energy consumption: evidence from China

Sifei Li, Chuang Lu, Yan Tong and Yun Zhang

International Journal of Global Energy Issues, 2017, vol. 40, issue 3/4, 225-239

Abstract: This paper investigates the relationship between economic development, marketisation and energy consumption. We hypothesise that both economic development and marketisation can affect energy consumption and that marketisation plays a more fundamental role. Empirical results from single-factor regressions show that both economic development and marketisation have negative associations with energy consumption. Results from two-stage regressions and variance decomposition demonstrate that marketisation has a more determinative effect on energy consumption than economic development does. The policy implication of our research is that, to reduce energy consumption, policy-makers should make better use of the role of markets in resource allocation.

Keywords: economic development; marketisation; energy consumption; China. (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijgeni:v:40:y:2017:i:3/4:p:225-239

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