Study on Dynamic Relationship between Economic Growth and Energy Consumption in Chongqing - Based on 1980-2011 Data

Abstract:

Analyzed the dynamic interaction characteristics of Chongqing Economic growth and energy consumption between 1980-2011 based on vector auto regression model, impulse response function. The results showed that: 1 Between the Chongqing's economic growth and energy consumption exist the positive long-term stable equilibrium relationship, Chongqing's economic development depending on energy consumption is too high, to keep the economy in Chongqing's rapid economic development, energy relatively insufficient supply sustainable development must rely on the energy market, which will restrict the development of Chongqing's economy. 2At this stage, Chongqing continuing emphasis on optimizing the industrial structure to improve energy efficiency at the same time, the key is to establish and improve the energy consumption intensity and total energy demand "dual control" under the security system, weakening the energy bottleneck effect on economic growth.

• Periodical: Applied Mechanics and Materials (Volumes 448-453)
• Pages: 4319-4324
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.448-453.4319
• Online since: October 2013
• Authors: Sheng Wang, Chun Yan Dai*, En Chuang Wang, Chun Yan Li
• Keywords: Economic Growth, Energy Consumption (EC), Impulse Response, VAR Model

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