Abstract
Energy efficiency is very important for the sustainable development of China’s economic growth. This paper analyzes the long-run equilibrium and short term dynamic relationship between energy efficiency and its influential factors related to economic structure, technological progress, energy consumption structure and environment factor. A co-integration analysis is performed to empirically verify a number of hypotheses. Time series variables over the periods from 1978 to 2010 are employed in empirical tests. It is found that there is a long-term co-integration relationship among energy efficiency, energy consumption structure, economic structure and environment factor in the past three decades. Economic structure is the main influencing factor of energy efficiency.
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Acknowledgements
This paper was supported by the Basic Research Fund of Beijing Jiaotong University (No. 2009JBM033).
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Li, W. (2015). Dynamic Relationship Between Energy Efficiency and Its Determinants in China. In: Li, M., Zhang, Q., Zhang, R., Shi, X. (eds) Proceedings of 2014 1st International Conference on Industrial Economics and Industrial Security. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-44085-8_25
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DOI: https://doi.org/10.1007/978-3-662-44085-8_25
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