The Dynamic Relationship between Economic Development and Energy Consumption: Evidence from China
The traditional opinions regard energy as the main factor for the economic development, but not the key one, because there are different conclusions from the practical researches on the relationship between the energy consumption and economic development. The article utilizes the Granger casual test and Cointegration test to analyze the dynamic relationship between energy consumption and economic development in China. Based on our conclusion that economic development relies on energy consumption, some suggestions are given for energy saving and development in the long-term.
Weiguo Pan, Jianxing Ren and Yongguang Li
H. X. Zhang and H. Y. Liu, "The Dynamic Relationship between Economic Development and Energy Consumption: Evidence from China", Advanced Materials Research, Vols. 347-353, pp. 3215-3218, 2012