Research on the coordination of energy in China's economic growth.

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-te...

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Autores principales:	Yuanying Chi, Guoqing Bai, Jialin Li, Bin Chen
Formato:	article
Lenguaje:	EN
Publicado:	Public Library of Science (PLoS) 2021
Materias:	Medicine R Science Q
Acceso en línea:	https://doaj.org/article/60986d721b384831a64f91684186a06d
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spelling	oai:doaj.org-article:60986d721b384831a64f91684186a06d2021-11-25T06:23:33ZResearch on the coordination of energy in China's economic growth.1932-620310.1371/journal.pone.0251824https://doaj.org/article/60986d721b384831a64f91684186a06d2021-01-01T00:00:00Zhttps://doi.org/10.1371/journal.pone.0251824https://doaj.org/toc/1932-6203This 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.Yuanying ChiGuoqing BaiJialin LiBin ChenPublic Library of Science (PLoS)articleMedicineRScienceQENPLoS ONE, Vol 16, Iss 6, p e0251824 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Medicine R Science Q
spellingShingle	Medicine R Science Q Yuanying Chi Guoqing Bai Jialin Li Bin Chen Research on the coordination of energy in China's economic growth.
description	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.
format	article
author	Yuanying Chi Guoqing Bai Jialin Li Bin Chen
author_facet	Yuanying Chi Guoqing Bai Jialin Li Bin Chen
author_sort	Yuanying Chi
title	Research on the coordination of energy in China's economic growth.
title_short	Research on the coordination of energy in China's economic growth.
title_full	Research on the coordination of energy in China's economic growth.
title_fullStr	Research on the coordination of energy in China's economic growth.
title_full_unstemmed	Research on the coordination of energy in China's economic growth.
title_sort	research on the coordination of energy in china's economic growth.
publisher	Public Library of Science (PLoS)
publishDate	2021
url	https://doaj.org/article/60986d721b384831a64f91684186a06d
work_keys_str_mv	AT yuanyingchi researchonthecoordinationofenergyinchinaseconomicgrowth AT guoqingbai researchonthecoordinationofenergyinchinaseconomicgrowth AT jialinli researchonthecoordinationofenergyinchinaseconomicgrowth AT binchen researchonthecoordinationofenergyinchinaseconomicgrowth
_version_	1718413804079939584

Research on the coordination of energy in China's economic growth.

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