The Empirical Analysis of the Driving Factors of China Coal Demand
This paper tests the long-term equilibrium relations and short-term dynamic relations by applying Johansen co-integration test and VECM model among the coal demand, economic aggregate, economic structure, energy consumption efficiency, and urbanization level of china. It shows that there is a long-term equilibrium relation among above variables. Then the long-term elasticity of coal demand to other variables is given. It also shows, in the short run, the T time coal demand will affected by T-2 time economic aggregate, T-2 time urbanization level, T-1 time coal demand, and T-2 time coal demand. At last, the paper gives suggestions on how to control coal consumption in china.
Qunjie Xu, Honghua Ge and Junxi Zhang
G. F. Wang "The Empirical Analysis of the Driving Factors of China Coal Demand", Advanced Materials Research, Vols. 361-363, pp. 1290-1295, 2012