Study on Economic Development of Inner Mongolia Based on Energy

Abstract:

This paper applies ARIMA model to predict total energy consumption and GDP in 2011-2015, and then reach a conclusion that both are showing a sharp rise trend. Through the analysis on energy intensity in 2001-2015 and energy elasticity between China and Inner Mongolia in 2001-2009, we draw a conclusion that GDP mainly depends on energy consumption and the speed of it increases more than that of GDP in Inner Mongolia. Based on above empirical analysis, we give the corresponding conclusion and suggestion for economic development as follows: prevent the rapid economic growth from high energy consumption; develop the tertiary industry and control economy growth in high energy intensity; change the structure of investment and strengthen the awareness of energy saving and environmental protection.

• Periodical: Advanced Materials Research (Volumes 524-527)
• Pages: 2926-2930
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.524-527.2926
• Online since: May 2012
• Authors: Yu Chen Song, Jin Ke Liu, Hai Dong Meng
• Keywords: ARIMA Model, Economic Development, Energy Consumption (EC), Inner Mongolia

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