标题：The Causality between Energy Consumption and Economic Growth in China: Using Panel Method in a Multivariate Framework
作者：Yang Shuyun; Yu Donghua
作者机构：[Yang Shuyun] Shandong Univ, Sch Elect Engn, Jinan 250000, Peoples R China.; [Yu Donghua] Shandong Univ, Sch Econ, Jinan 250000, Peoples R China.
会议名称：International Conference on Energy, Environment and Development (ICEED)
会议日期：DEC 08-09, 2010
来源：2010 INTERNATIONAL CONFERENCE ON ENERGY, ENVIRONMENT AND DEVELOPMENT (ICEED2010)
关键词：Energy consumption; Economic Growth; Panel unit root; Panel; cointegration; Granger causality
摘要：The global energy issues have stimulated increasing research interest in the linkages between the energy consumption and economic growth. As the biggest developing country, China has surpassed United States to be the world's largest energy consumption country. This paper examines the casuality between GDP and energy consumption by using updated China provincial panel data for the period 1985-2007 within a multivariate framework by adopting Pedroni's panel methodology. The results show that cointegration is present between real GDP, energy consumption, the labor force, and real gross fixed capital. The results of Granger-causality test indicate the presence of Bi-directional causality between energy consumption and economic growth which supports the feed back hypothesis. Economic interpretations of the empirical results are also presented. (C) 2011 Published by Elsevier Ltd. Selection and peer-review under responsibility of RIUDS