Relationship between Energy Consumption and Economic Growth in Henan Province
Hengyun Ma
Abstract
Hengyun Ma
Abstract
Taking Henan Province for an example,a relationship model between energy consumption and economic growth is established in terms of C-D production function including capital,labor and energy.Then the effect of energy consumption on GDP is analyzed by using cointegration and Granger causality test.The results indicate that there exists long-term equilibrium relationship between energy consumption and economic growth and there is only unidirectional Granger causality relations running from energy consumption to economic growth;however,the improvement of labor level is the most influential one among those factors affecting economic growth.
A significance statement is not available in the OpenAlex record.
A contribution statement is not available in the OpenAlex record.
Method details are not available in the OpenAlex metadata.
Findings are not separately available in the OpenAlex metadata.
Limitations are not available in the OpenAlex metadata.
Application details are not available in the OpenAlex metadata.
Taking Henan Province for an example,a relationship model between energy consumption and economic growth is established in terms of C-D production function including capital,labor and energy.Then the effect of energy consumption on GDP is analyzed by using cointegration and Granger causality test.The results indicate that there exists long-term equilibrium relationship between energy consumption and economic growth and there is only unidirectional Granger causality relations running from energy consumption to economic growth;however,the improvement of labor level is the most influential one among those factors affecting economic growth.
Key concepts: Granger causality, Cointegration, Economics, Energy consumption, Consumption (sociology), Production (economics), Energy (signal processing), Causality (physics)