The Relationship between Energy Consumption and Economic Growth in Jilin Province: An Empirical Analysis Based on 1980

The Relationship between Energy Consumption and Economic Growth in Jilin Province: An Empirical Analysis Based on 1980 - 2013 Data

Autori:

Jianfei SHEN, Lincong HAN

Cod: ISSN: 1583-3410 (print), ISSN: 1584-5397 (electronic)
Dimensiuni: pp. 166-180

How to cite this article:

Shen, J., Han, L. (2018). The Relationship between Energy Consumption and Economic Growth in Jilin Province: An Empirical Analysis Based on 1980 - 2013 Data. Revista de Cercetare si Interventie Sociala, 63, 166-180.

Abstract:

In-depth understanding of the relationship between energy consumption and economic growth is of great signifi cance to transform energy use in Jilin Province. Based on the data of Jilin energy consumption and economic growth from 1980 to 2013, the relationship between energy consumption and economic growth in Jilin Province is analyzed by using the theory and method of Granger causality based on cointegration theory and error correction model. The empirical results show that there is a long-term cointegration relationship between energy consumption and economic growth in Jilin Province. It is found that there is a oneway causal relationship between Jilin Province’s long-term economic growth and energy consumption, that is, Jilin Province’s economic growth promotes energy consumption rather than energy consumption promotes economic growth. Based on the conclusion of the study, it is necessary to change the mode of economic growth in Jilin Province from the extensive mode of economic expansion, which is a simple expansion of investment factors, to the need for intensive economic growth model with emphasis on the quality and effi ciency of production factors and innovation driven.