Study on the Relationship between Energy Consumption and Economic Growth in Shandong Province

Nian'an Chen ； Yansong Ye

《Frontiers in Economics and Management》 4卷2期 (2023/02) Pp. 123-131

https://doi.org/10.6981/FEM.202302_4(2).0017

摘要

Energy is the basis of human socio‐economic development, after the reform and opening up, in order to develop the economy rapidly, each province and city increase the exploitation and consumption of energy, and the energy storage of nature is decreasing, especially the exploitation and uncontrolled use of non‐renewable energy, which is more detrimental to the sustainable development of the country. By analyzing the energy situation and GDP of Shandong province, we hope that each province and city can reasonably coordinate the endogenous relationship between energy consumption, economic development and ecological protection, and build a strong, beautiful and environmentally friendly socialist country. This paper selects the energy statistical data of Shandong Province from 2000 to 2020, analyzes the relationship between GDP and energy consumption in Shandong Province, and puts forward relevant policy suggestions. The article first briefly analyzes the current economic situation and energy consumption from the trend chart, and studies the mutual influence and causal relationship between energy and economy in Shandong Province from an empirical point of view. This paper uses methods such as co‐integration analysis and large causality test to analyze the energy consumption and economic development of Shandong Province. According to the results, energy consumption and GDP are both changed from non‐stationary to stationary by two differences, and since they are both second order single integer, thus cointegration test is performed, and it is found that there is a significant cointegration relationship between them, that is, they have a long term equilibrium relationship, and it can be determined that energy consumption is the one‐way Granger cause of industrial GDP growth. Starting from the current situation of energy consumption in Shandong Province, this paper puts forward a series of countermeasures: reduce energy consumption, reduce the dependence of GDP on energy, change the energy‐consuming economic development mode; improve energy utilization rate, promote green and low‐carbon development; strengthen The promotion of energy conservation among residents will enhance the public's awareness of energy conservation and promote the conservation of the whole society.

關鍵字

Energy Consumption ； Economic Growth ； Cointegration Analysis ； Gergel and Causality Test

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