Study of Relationship between Renewable Energy ElectricPower and Economic Development in China Based on the Principle of Asymmetric Equilibrium

Jun Liu; Rui Wu; Ya Ping Liu; Wen Ya Liu; Yang Xu

doi:10.4028/www.scientific.net/AMR.1010-1012.2041

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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 1010-1012Study of Relationship between Renewable Energy...

Study of Relationship between Renewable Energy ElectricPower and Economic Development in China Based on the Principle of Asymmetric Equilibrium

Abstract:

In this article, Johansen cointegration test, vector error correction model, granger causality test, impulse response and variance decomposition econometric methods were be used to study the relationship between electricity consumption and economic growth in China. In addition, the function of renewable electricity to development economic growth has been researched. The results showed that there is long-term equilibrium relationship between electricity consumption and economic growth in China, and renewable electricity’s contribution rate for economic growth is 12% currently, which expects to reach 20% in 2015.

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Periodical:

Advanced Materials Research (Volumes 1010-1012)

Pages:

2041-2044

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.1010-1012.2041

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Online since:

August 2014

Authors:

Jun Liu, Rui Wu*, Ya Ping Liu, Wen Ya Liu, Yang Xu

Keywords:

Error Correction Model, Principle of Asymmetric Equilibrium, Renewable Electricity

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* - Corresponding Author

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