| Study on the Determinants of Energy Demand in China |
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| 作者姓名： | 魏巍贤 |
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| 作者单位： | W ei W eixian Institute of Finance，Xiamen University，Xianmen 361005，P.R.China |
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| 摘 要： | Study on the Determinants of Energy Demand in China~~
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Study on the Determinants of Energy Demand in China |
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| W ei W eixian Institute of Finance,Xiamen University,Xianmen ,P.R.China.Study on the Determinants of Energy Demand in China[J].Journal of Systems Engineering and Electronics,2002,13(3). |
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| Authors: | W ei W eixian Institute of Finance Xiamen University Xianmen PRChina |
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| Institution: | Institute of Finance, Xiamen University, Xiamen 361005, P. R. China |
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| Abstract: | Based on the modern economic theory and the characteristics of China's energy consumption, this paper analyzes the determinants of energy demand in China, builds up a China's energy demand model, and examines the long-run relationship between China's aggregate energy consumption and the main economic variables such as GDP by using the Johansen multivariate approach. It is found that there exists unique long-run relationship among the variables in the model over the sampling period. An error-correction model provides an appropriate framework for forecasting the short-run fluctuations in the aggregate demand of China. |
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| Keywords: | Energy demand Cointegration Error-correction model |
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