A Study on the Relationship between Energy Consumption, Factor Input and Economic Growth for the Northeast Three Provinces of China
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A Study on the Relationship between Energy Consumption, Factor Input and Economic Growth for the Northeast Three Provinces of China
ZHU Tian-xing1,3, SONG Yong-hui1, SONG Li2
(1.Economic School, ShenYang University of Technology, Shenyang 110870,China; 2.Management School, ShenYang University of Technology, Shenyang 110870,China; 3.Institute of Industrial Economics, Northeast Asia Development Institute, Beijing 100022, China)
Abstract It is of great significant to study the role of production elements in regional economic growth, especially the relationship between energy consumption and economic growth for formulating policies about regional development and energy coordination. The paper studies long-term equilibrium and short-term adjustment relationships between economic growth, energy consumption and factor inputs of the three northeast provinces in China, using economic growth and energy consumption, capital and labor inputs data from 1980 to 2012, in the framework of production function, through controlling autocorrelation within groups and heteroscedasticity between groups of panel datum employing panel PASE estimation and panel causality test model. Results showed that: (1) There is a long-term equilibrium relationship between inputs, the output elasticity of capital, labor and energy consumption were 0.439, 0.311, 0.247. (2) The total factor energy efficiency appears inverted logistic feature and there exists uni-directional causality running from energy consumption to economic growth. (3) The paper puts forward some suggestions about improving energy efficiency, strengthening energy cooperation, speeding up the adjustment of industrial structure, vigorously developing the tertiary industry, etc.
SHU Tian-Xing,SONG Yong-Hui,SONG Li. A Study on the Relationship between Energy Consumption, Factor Input and Economic Growth for the Northeast Three Provinces of China. Economic Survey, 2015, 31(4): 013.
2015, Vol. 31 
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