Impact of China's stock market development on energy consumption: An empirical analysis

Yue-Jun Zhang (), Jing-Li Fan and Hao-Ran Chang

No 10, CEEP-BIT Working Papers from Center for Energy and Environmental Policy Research (CEEP), Beijing Institute of Technology

Abstract: To investigate the influence of China's stock market development on energy consumption, the Grey Relational Analysis and Granger causality test approaches are used. Empirical results indicate that, first, the grey relational grade appears relatively high for both stock market scale and efficiency and energy consumption during 1992-2009, with 0.84 and 0.73, respectively. Second, China's stock market scale enlargement becomes an evident driver for energy consumption increase, while the influence of stock market efficiency is insignificant. Finally, energy consumption upsurge caused by stock market scale expansion of Farming, Forestry, Animal Husbandry, Fishery and Construction industries, and stock market efficiency promotion of Electric Power, Gas and Water Production and Supply and Manufacturing industries should be paid close attention.

Keywords: stock market; energy consumption; energy saving; grey relational analysis; causality (search for similar items in EconPapers)
JEL-codes: G00 Q41 (search for similar items in EconPapers)
Pages: 7 pages
Date: 2010-08
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Energy Procedia, 2011, 5: 1927-1931.

Downloads: (external link)
http://ceep.bit.edu.cn/docs/2018-10/20181011134223472309.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://ceep.bit.edu.cn/docs/2018-10/20181011134223472309.pdf [302 Found]--> https://ceep.bit.edu.cn/docs/2018-10/20181011134223472309.pdf)

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:biw:wpaper:10

Access Statistics for this paper

More papers in CEEP-BIT Working Papers from Center for Energy and Environmental Policy Research (CEEP), Beijing Institute of Technology Contact information at EDIRC.
Bibliographic data for series maintained by Zhi-Fu Mi ().