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On electricity consumption and economic growth in China
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TLDR
In this paper, the relationship between electricity consumption and economic growth in China is investigated from three dimensions, i.e., the time dimension, the regional dimension and the industrial dimension.Abstract:
The invention and application of the electric power technology triggered the second industrial revolution in human history, which marked the human society entered the age of electricity. Electricity provides the sustainable power for economic and social development. With the rapid development of economy, the electricity consumption is also increasing. The increase of electricity consumption has further promoted the progress of the industrial economy. In order to achieve the goal of improving the level of economic development while reducing energy consumption, it is necessary to reveal the relationship between electricity consumption and economic growth. This study is an extensive overview of the literature surrounding this topic. In this paper, we focus on the relationship between electricity consumption and economic growth in China. We first analyze the general situation of China's electricity consumption and economic development. Then we explore the relationship between China's electricity consumption and economic growth from three dimensions, i.e., the time dimension, the regional dimension and the industrial dimension. Finally, we study the key issues in the research of the relationship between electricity consumption and economic growth, including variable selection, model construction and results discussion. This work suggests that the nature of the nexus in China should and can be explored from a wider perspective, by developing a suitable integrated methodological framework.read more
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References
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Journal ArticleDOI
Electricity consumption and economic growth: Bounds and causality analyses of OPEC members
TL;DR: In this paper, the authors investigated the relationship between electricity consumption and economic growth for OPEC members and found that economic growth is dependent on electricity consumption in five countries, less dependent in three countries, and independent in three different countries.
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Causality relationship between electricity consumption and GDP in Bangladesh
Pallab Mozumder,Achla Marathe +1 more
TL;DR: In this paper, the authors examined the causal relationship between the per capita electricity consumption and per capita GDP for Bangladesh using cointegration and vector error correction model and showed that there is a unidirectional causality from per- capita GDP to per-person electricity consumption.
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Electricity consumption and economic growth in South Africa: A trivariate causality test
TL;DR: In this article, the causal relationship between electricity consumption and economic growth in South Africa was examined and it was shown that there is a distinct bidirectional causality between energy consumption and the economic growth.
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Multivariate granger causality between electricity consumption, exports and GDP : Evidence from a panel of Middle Eastern countries
TL;DR: In this article, the causal relationship between electricity consumption, exports and gross domestic product (GDP) for a panel of Middle Eastern countries was examined and the policy implications are that for the panel as a whole these countries should invest in electricity infrastructure and step up electricity conservation policies to avoid a reduction in electricity consumption adversely affecting economic growth.
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Electricity consumption and economic growth in China: Cointegration and co-feature analysis
TL;DR: In this article, the cointegration theory was applied to examine the causal relationship between electricity consumption and real GDP (Gross Demostic Product) for China during 1978-2004 and the estimation results indicated that real GDP and electricity consumption for China are cointegrated and there is only unidirectional Granger causality running from electricity consumption to real GDP but not the vice versa.