A Summary of the Research on the Influencing Factors of Energy Consumption in China
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DOI: 10.25236/icess.2019.050
Author(s)
Xiaowei Yang and Jianjun Xu
Corresponding Author
Xiaowei Yang
Abstract
Studies on energy consumption are growing expontionally in recent years. While the answers on the mainly driving factor on energy consumption are in question. This paper reviews the existing literature which mainly divided the affecting factors on energy consumption into 7 parts, and drew the conclusion as following: (1) there are many approaches being used to the studies, not only including the ordinary least squares, partial least squares, vector auto-regression, error correction, state space model, auto-regressive distributed lag model based on time series, but also including panel vector auto-regressive, panel co-integration, generalized moment method, panel smooth transformation method, spatial econometric methods, etc. based on panel data; (2) empirical results confirmed that the influence of the economic growth, financial development, foreign direct investment, import and export, industrial structure, urbanization and demographic factors on energy consumption in China;(3)the shortcomings of the existing researches lie in the empirical research too much which are almost based on macro data, while the researches are rare based on micro data and lacks mechanism description as well. In the future, with the development of modern econometric, newly empirical analysis methods and tools needs be used to investment the related issues being in question, and get the more robust conclusions.
Keywords
Energy consumption, Influencing factors, Empiric analysis, Reviews