A Study about Energy Consumption and Economic Growth in Qinghai Based on the Co-Integration Analysis

Abstract:

Qinghai province was an important and special province in the western in china. Although great changes in all aspects in Qinghai Province in recent years, but due to long-term economic growth, the starting point of production and energy consumption was low, also the production efficiency was poor. There still exists the traditional mode in the economic structure with high energy consumption and low output in basic industries. This study analyzed the relationship between GDP increasing and total energy consumption using co-integration method based on 20 sets of annual data during 1992-2011 in Qinghai province. By the study we found energy development and utilization play an important role in it along with the steady and rapid growth of economy. During the past 20 years energy use efficiency has been improved greatly, but there was still a large potential for energy saving. This paper analyzes the relation between economic growth and energy consumption of Qinghai Province from 1992 to 2011 using the methods of co-integration analysis. The empirical results show that fluctuations relationship existing between Qinghai energy consumption and GDP in the short term, but in the long run there was a long-term stab equilibrium relationship between them. So there will be a lot of space of energy savings in the future relying on scientific and technological progress. Energy industry should be developed further synchronously in order to achieve energy-saving and emission reduction and sustainable development.

• Periodical: Applied Mechanics and Materials (Volumes 397-400)
• Pages: 688-695
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.397-400.688
• Online since: September 2013
• Authors: Sheng Mei Li, Pei Ji Shi, Qiang Zhou
• Keywords: Co-Integration Analysis, Economic Growth, Energy Consumption (EC), Qinghai Province

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