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International Conference on Mechanical and Electrical Technology, 3rd, (ICMET-China 2011), Volumes 1–3

By
Yi Xie
Yi Xie
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ISBN:
9780791859810
No. of Pages:
906
Publisher:
ASME Press
Publication date:
2011

This paper uses the panel data of energy consumption(EC) and economic growth(GDP) for China from 1980 to 2008. The results show that there is a positive long-run cointegrated relationship between real GDP per capita and energy consumption variables, a 1% increase in GDP per capita leads to a 0.44–0.48% increase in energy consumption in the long term. So it is urgent to explore new and important ways to change the current economic growth pattern, develop low-carbon economy and circular economy actively.

Abstract
Key Words
1. Introduction
2. Literature Review and Exploratory Analysis
3. Econometric Methodology
4. Empirical Analyses
5. Conclusions
Acknowledgments
References
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