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Based on the theoretical principles of Kuznets hypothesis, this paper firstly proposes the Kuznets hypothesis of energy consumption. Empirical analysis in China's 29 provincial regions shows that: The current situations of China's provincial regions have not met the inverted U-shaped curve's inflection of the energy Kuznets hypothesis yet. According to the relationship between Energy consumption and...
In order to examine the relationship between economic growth and energy consumption for Hebei province which consumed about 9% of the total energy consumed in China. Firstly, we made a cointegration analysis on the relationship between primary energy consumption and economic growth for Hebei province of China based on the corresponding data from 1993 to 2007. The results indicates that there was a...
Grey system model can solve many problems with insufficient information and samples. Taking Chinese economic growth and its science input for example, the grey incidence analytic system is constructed to explore their correlation relationships. Combining the computing results and the actual situation of science technology input and Chinese economic growth, grey incidence model proves to be significant...
The pressure of domestic inflation begins while international financial crisis impact on China has just been weakened, How China's economy create its own characteristics? How do we change crisis into an opportunity to promote the economic stability and healthy development, it is a problem with a number of economists and government policy-makers. This paper first analyzes the level of information resources...
This paper focuses on the empirical research about how different factor-intensive services trade promoted China's economic growth. Our results show that three kind factor-intensive services trade play different roles on China's per capita production. The knowledge-intensive services trade contributed more to the economic growth than the labor-intensive and the capital-intensive services trade. We...
This paper attempts to shed light into the Granger causality relationship between energy consumption and economic growth allowing structural breaks for China, based on two multivariate time series models: a demand side model of energy consumption, real GDP and energy price and a production side model of GDP, energy, capital, and labor. To test for Granger causality in the presence of cointegration...
Based on the statistical data released by Henan Statistical Bureau in China, over the period 2000-2008, this paper empirically investigates the relationship between economic growth and industry structure including primary industry, secondary industry, and tertiary industry using the compensative GM (1, N) model in the grey theory. This paper applies the Principle of Least Square Method to estimate...
This paper attempts to investigate the relationship between power plant investment, electricity production and economic growth in China, and forecasts at least 5 years, using modern econometrics techniques and software for the period 1980-2009. The paper applies unit root test, Johansen cointegration test and vector error correction model for the past 30 years data, which include GDP, power industry...
The issue related to whether Chinese financial structure matter for its economic growth has been illustrated in recent year. This paper utilizes the World Bank dataset during the 1992-2007 periods and adopts the neoclassical growth model and nonparametric estimating approach to study China's financial structure and economic growth. The positive sign of the coefficient of financial structure variable...
Based on the Solow model, technological progress and capital input are divided, and an improved Solow model is established. This model is applied to calculate the contribution rate of all input factors to economic growth and to evaluate quantitatively the social benefit of water-saving agriculture in China from 1991 to 2005. It is concluded that the contribution rates of all input factors are obviously...
Based on the statistical data during the period from 1978 to 2006 released by National Bureau of Statistics of China, this paper applies the compensative GM (1,N) model and regression model to simulate the relationship between the expenditure for science & technology and economic growth. In the numerical experiment, the established grey model simulates the China's GDP values during the period...
Macro-economic system is a multi-factor, multi-level, multi-aim typical grey system possessed of indefinite. It's running process is a grey dynamic one composed of many relations of many complex structures and interlaced functions. By using the grey systematic theory model, this paper studies two major problems in China's macro-economic system during the reform and opening up. Firstly, it obtains...
In this paper, a two-sector endogenous growth model of energy-oriented regions with a constant returns-to-scale manufacturing sector characterized as learning by doing effect and a labor-intensive energy-extracting sector characterized as accepting passively technical spillover from the manufacturing sector is developed. A mechanism interpretation of ldquoresource curserdquo faced frequently by energy-oriented...
Based on conditional and marginal error correction model, this paper testifies the exogeneity of RMB exchange rate in China. Our study shows that the growth of GDP may benefit from the depreciation of real exchange rate of RMB. However, exchange rate regime of China is lack of elasticity due to weak, strong exogeneity of the real effective exchange rate of RMB, which makes it hard to facilitate economic...
The relationship between financial development and economic growth has long been a topic of intense interest and debate in economic literature. Prior related research documented that financial development accelerate the economic growth. This paper empirically examines the impacts of financial development and marketization process on firm's external financial constraints by investigating whether financial...
In recent years, China's rapid urbanization has caused a tremendous rise of the building energy consumption (BEC), which accounts for a large share of total energy consumption. It's well known that economic growth and energy consumption are closely related. In this paper, we present an empirical analysis of BEC and its impact factors in the term of econometrics, from the data in 1980-2007. The results...
In the paper, we investigate the vector error correction model considering co-feature. The identification procedure and algorithms are overviewed briefly in line with (Hecq. A., 2004). Then a simple case study for electricity consumption and economic growth in China is given for model comparison. It is found that model considering co-feature can potentially improve the model estimation efficiency.
This paper investigates the causal relationship between financial development and economic growth in the central region of China for the period 1978 to 2007. A time-series approach using the VAR Model is used to provide evidence for the dynamic relationship. The empirical results provide clear support for the hypothesis that there is a stable long- run relationship between financial development and...
A simple new classical growth model is developed to analyze the relationship between economic growth and environmental pollution, which proves the existence of the sustained growth path. This model is then endogenized to study the interaction among environmental pollution, human capital and economic growth in the long run. The similar growth path is shown and potent influences of different variables...
This paper uses the panel data (1994-2005) of all provinces in China and takes the important factors (investment, import and export, human capital, FDI, government expenditure and so on) which impact Chinapsilas economic growth as control variables, employing the two-way fixed-effect model and GMM method (Panel Generalized Method of Moments) to estimate the correlation between financial development...
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