The Relationship between Energy Consumption and GDP Growth in China
중국의 에너지 소비와 GDP 성장간의 관계

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dc.description학위논문 (석사)-- 서울대학교 대학원 : 협동과정 기술경영·경제·정책전공, 2013. 2. 허은녕.-
dc.description.abstractIn the last 30 years, China has achieved rapid economic growth. Energy played important roles in supporting the development of China and now China become the largest energy consumer country in the world. Based on the time series data of energy consumption and GDP from 1978-2011 in China, we explored the relationship between energy consumption and GDP using ADF, co-integrate and VECM test. There were long run equilibrium relationships between GDP and energy consumption and the consumption of disaggregate categories of energy, such as coal, oil and electricity except gas-
dc.description.abstractMoreover, two-way short term causalities running between GDP and energy consumption, coal and electricity consumption and one-way long term causality running from oil consumption to GDP were also founded. As a secondary contribution, we investigate the decoupling trend between GDP and the aggregate energy consumption. All the empirical results support the notion that although China economy still relied on the energy consumption, there is also weak decoupling trend. Finally, we gave policy implications upon the estimation results regarding current Chinese economy development policies, such as exploiting new energies and speeding up innovation.-
dc.description.tableofcontentsChapter 1 Introduction 1

Chapter 2 Literature Review 6
2.1 Two-way Causality 7
2.2 One-way Causality 8
2.3 Different Relationships 9
2.4 No Causality 10
2.5 China Domestic Literature 11

Chapter 3 Energy Consumption in China 15
3.1 Energy Industry History 15
3.2 Energy Consumption in China 18
3.3 Energy Consumption Economy and Policy 32
3.3.1 Energy Economy 32
3.3.2 Energy Policy 38

Chapter 4 Methodology and Data 51
4.1 Methodology Theoretical Background 51
4.1.1 Integration, Stationarity and Co-integration 52
4.1.2 Error-correction Model 53
4.2 Hypotheses Development 55
4.3 Data and Variables 55

Chapter 5 Empirical Analysis 59
5.1 Unit Roots Test (ADF and PP) 59
5.2 Co-integration Test 63
5.3 VECM and Causality Test 66
5.4 Discussion of the Empirical Results 73
5.4.1 Long Run Equilibrium 73
5.4.2 Causality and Dynamic Effect 75
5.4.3 Decoupling Trend 78
5.4.4 Structural Change 79

Chapter 6 Conclusions and Policy Implications 82
6.1 Conclusions 82
6.2 Policy Implications 83
6.3 Limitations and Arguments 84

Acknowledgements 86
Reference 88
Appendix 97
초록 142
dc.format.extent2160796 bytes-
dc.publisher서울대학교 대학원-
dc.subjectError correction-
dc.subjectGranger causality-
dc.subjectEnergy consumption-
dc.titleThe Relationship between Energy Consumption and GDP Growth in China-
dc.title.alternative중국의 에너지 소비와 GDP 성장간의 관계-
dc.contributor.AlternativeAuthorLiu Yandong-
dc.contributor.affiliation공과대학 협동과정 기술경영·경제·정책전공-
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College of Engineering/Engineering Practice School (공과대학/대학원)Program in Technology, Management, Economics and Policy (협동과정-기술·경영·경제·정책전공)Theses (Master's Degree_협동과정-기술·경영·경제·정책전공)
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