Causal linkages between energy investment and economic growth: a panel data modelling analysis of China

被引：31

作者：

Ahmad, Munir ^{[1
]}

Zhao, Zhen-Yu ^{[1
]}

机构：

[1] North China Elect Power Univ, Sch Econ & Management, Beijing, Peoples R China

来源：

ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY | 2018年 / 13卷 / 08期

关键词：

Causal linkages; China; cross-sectional dependence; economic growth; energy investment; second generation CCEMG; FOREIGN DIRECT-INVESTMENT; STOCK-MARKET GROWTH; RENEWABLE ENERGY; CO2; EMISSIONS; CONSUMPTION; OUTPUT;

D O I：

10.1080/15567249.2018.1495278

中图分类号：

TE [石油、天然气工业]; TK [能源与动力工程];

学科分类号：

0807 ; 0820 ;

摘要：

The current study is an empirical investigation of causal linkages between energy investment and economic growth in China. It employs the "second generation" common correlated effects mean group (CCEMG) estimator, to overcome cross-sectional dependence issue, for 31 Chinese provinces and cities covering time span 2001-2016. This study extends its contribution by augmenting the economic growth model for energy investment, developing theoretical channels of relationship between energy investment and economic growth, and finally establishing causal linkages between energy investment and economic growth. The empirical findings confirm positive and bilateral causal linkages between energy investment and economic growth. Moreover, the impact of economic growth on energy investment growth is more powerful than that on the other way around. It suggests that energy investment policies are expected to spur economic growth in China and vice versa.

引用

页码：363 / 374

页数：12

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