XIE Pinjie, WANG Chao, YANG Fan. Research on nexus among electricity consumption, economic growth and urbanization in China[J]. Thermal power generation, 2020, 49(9): 17-22.
DOI:
XIE Pinjie, WANG Chao, YANG Fan. Research on nexus among electricity consumption, economic growth and urbanization in China[J]. Thermal power generation, 2020, 49(9): 17-22. DOI: 10.19666/j.rlfd.202003068.
Research on nexus among electricity consumption, economic growth and urbanization in China
Research on the relationship among electricity consumption
economic growth and urbanization
and the growth trend of electricity demand is grasped
which has great significance for both the power planning and even the strategic deployment of socio-economic development. Therefore
according to the relevant annual data from 1978 to 2019
the test of the relationship among urbanization
economic growth and electricity consumption is carried out by applying autoregressive distributed lag model(ARDL) cointegration test method and the Granger causality test method based on error correction model. The results show that
there are long-run equilibrium relationship among urbanization
economic growth and electricity consumption. No matter in the long term or the short term
economic growth and electricity consumption
economic growth and urbanization level are the Granger reasons for each other. But
there is only a one-way Granger reason from urbanization to electricity consumption. Finally
based on the ARDL model
the electricity consumption from 2020 to 2030 in China is predicted
and the policy implication are proposed according to the empirical results.