Open AccessResearch on the Relationship between Energy Consumption and Economic Growth in Jilin Province Based on Error Correction Model
Author(s) -
Yimiao Huang,
Yongjun Qu,
Yanyu Chen
Publication year - 2019
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/612/3/032181
Subject(s) - cointegration , promotion (chess) , energy consumption , economics , error correction model , consumption (sociology) , causality (physics) , resource (disambiguation) , investment (military) , granger causality , government (linguistics) , economic system , macroeconomics , econometrics , ecology , social science , computer network , linguistics , physics , philosophy , quantum mechanics , sociology , politics , political science , computer science , law , biology
Under the call of the green economy, the analysis of the relationship between energy consumption and economic growth can cater to the current policy agenda to achieve a resource-saving and environment-friendly society. Based on this, the thesis applies the error correction theory model to apply the variable stability, causality and cointegration test to the relationship between energy consumption and economic growth in Jilin Province, and obtains energy consumption and economic growth in Jilin Province in the past ten years. The cointegration relationship and causality between the two countries show that urban economic growth can drive energy consumption, and the economic development of Jilin Province is not entirely dependent on energy consumption, but has a two-way causal relationship with the four variables. To this end, in the future industrial development and economic promotion, it is necessary to accelerate the development and promotion of low-energy, high-efficiency industries, promote the diversified development of the energy structure, actively play the role of government agencies in policy regulation, and increase investment in technological innovation. And adopting taxes or funds to promote industrial capital to reform in a technology-intensive manner.