An Empirical Study on the Impact of China's Energy Consumption on Economic Growth Under the Background of "Dual Carbon"

Liu Fangjun; Ni Yilin

doi:doi:10.11648/j.ss.20231206.16

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An Empirical Study on the Impact of China's Energy Consumption on Economic Growth Under the Background of "Dual Carbon"

Liu Fangjun^*, Ni Yilin

Published in Social Sciences (Volume 12, Issue 6)

Received: 3 May 2023 Accepted: 5 December 2023 Published: 8 December 2023

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Abstract

Our country is faced with a complex economic development environment at present stage, such as imbalance of global energy supply and demand. It is very important to study the energy consumption structure to our economic development. In this paper, economic growth, coal consumption, oil consumption, natural gas consumption, primary power consumption and other energy consumption during 1992-2021 are used as time series data to analyze the impact of coal consumption, oil consumption, natural gas consumption, primary power consumption and other energy consumption on China's economic growth. The empirical results show that oil consumption, primary power consumption and other energy consumption have a significant positive effect on our economic growth. Oil consumption, primary power consumption and other energy consumption can promote our economic growth, that is, every 1% increase in oil consumption, on average, GDP increases by 1.472%. When primary electricity and other energy consumption increases by every 1 percent, on average, our GDP increases by 0.419 percent. But total energy consumption, coal consumption and natural gas consumption have an insignificant effect on our economic growth. Therefore, our country actively takes measures to promote our economy to realize green economy, and then realize the "double carbon" goal as soon as possible.

Published in	Social Sciences (Volume 12, Issue 6)
DOI	10.11648/j.ss.20231206.16
Page(s)	303-311
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Energy Consumption, Economic Growth, Time Series Data, Cointegration Analysis, Analyze Multicollinearity

References

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APA Style

Fangjun, L., Yilin, N. (2023). An Empirical Study on the Impact of China's Energy Consumption on Economic Growth Under the Background of "Dual Carbon". Social Sciences, 12(6), 303-311. https://doi.org/10.11648/j.ss.20231206.16

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ACS Style

Fangjun, L.; Yilin, N. An Empirical Study on the Impact of China's Energy Consumption on Economic Growth Under the Background of "Dual Carbon". Soc. Sci. 2023, 12(6), 303-311. doi: 10.11648/j.ss.20231206.16

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AMA Style

Fangjun L, Yilin N. An Empirical Study on the Impact of China's Energy Consumption on Economic Growth Under the Background of "Dual Carbon". Soc Sci. 2023;12(6):303-311. doi: 10.11648/j.ss.20231206.16

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@article{10.11648/j.ss.20231206.16,
  author = {Liu Fangjun and Ni Yilin},
  title = {An Empirical Study on the Impact of China's Energy Consumption on Economic Growth Under the Background of "Dual Carbon"},
  journal = {Social Sciences},
  volume = {12},
  number = {6},
  pages = {303-311},
  doi = {10.11648/j.ss.20231206.16},
  url = {https://doi.org/10.11648/j.ss.20231206.16},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ss.20231206.16},
  abstract = {Our country is faced with a complex economic development environment at present stage, such as imbalance of global energy supply and demand. It is very important to study the energy consumption structure to our economic development. In this paper, economic growth, coal consumption, oil consumption, natural gas consumption, primary power consumption and other energy consumption during 1992-2021 are used as time series data to analyze the impact of coal consumption, oil consumption, natural gas consumption, primary power consumption and other energy consumption on China's economic growth. The empirical results show that oil consumption, primary power consumption and other energy consumption have a significant positive effect on our economic growth. Oil consumption, primary power consumption and other energy consumption can promote our economic growth, that is, every 1% increase in oil consumption, on average, GDP increases by 1.472%. When primary electricity and other energy consumption increases by every 1 percent, on average, our GDP increases by 0.419 percent. But total energy consumption, coal consumption and natural gas consumption have an insignificant effect on our economic growth. Therefore, our country actively takes measures to promote our economy to realize green economy, and then realize the "double carbon" goal as soon as possible.
},
 year = {2023}
}

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TY  - JOUR
T1  - An Empirical Study on the Impact of China's Energy Consumption on Economic Growth Under the Background of "Dual Carbon"
AU  - Liu Fangjun
AU  - Ni Yilin
Y1  - 2023/12/08
PY  - 2023
N1  - https://doi.org/10.11648/j.ss.20231206.16
DO  - 10.11648/j.ss.20231206.16
T2  - Social Sciences
JF  - Social Sciences
JO  - Social Sciences
SP  - 303
EP  - 311
PB  - Science Publishing Group
SN  - 2326-988X
UR  - https://doi.org/10.11648/j.ss.20231206.16
AB  - Our country is faced with a complex economic development environment at present stage, such as imbalance of global energy supply and demand. It is very important to study the energy consumption structure to our economic development. In this paper, economic growth, coal consumption, oil consumption, natural gas consumption, primary power consumption and other energy consumption during 1992-2021 are used as time series data to analyze the impact of coal consumption, oil consumption, natural gas consumption, primary power consumption and other energy consumption on China's economic growth. The empirical results show that oil consumption, primary power consumption and other energy consumption have a significant positive effect on our economic growth. Oil consumption, primary power consumption and other energy consumption can promote our economic growth, that is, every 1% increase in oil consumption, on average, GDP increases by 1.472%. When primary electricity and other energy consumption increases by every 1 percent, on average, our GDP increases by 0.419 percent. But total energy consumption, coal consumption and natural gas consumption have an insignificant effect on our economic growth. Therefore, our country actively takes measures to promote our economy to realize green economy, and then realize the "double carbon" goal as soon as possible.

VL  - 12
IS  - 6
ER  -

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Author Information

Liu Fangjun

School of Economics and Finance, Zhanjiang Institute of Science and Technology, Zhanjiang, China

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Ni Yilin

School of Economics and Finance, Zhanjiang Institute of Science and Technology, Zhanjiang, China

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Plain Text BibTeX RIS

APA Style

Fangjun, L., Yilin, N. (2023). An Empirical Study on the Impact of China's Energy Consumption on Economic Growth Under the Background of "Dual Carbon". Social Sciences, 12(6), 303-311. https://doi.org/10.11648/j.ss.20231206.16

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ACS Style

Fangjun, L.; Yilin, N. An Empirical Study on the Impact of China's Energy Consumption on Economic Growth Under the Background of "Dual Carbon". Soc. Sci. 2023, 12(6), 303-311. doi: 10.11648/j.ss.20231206.16

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AMA Style

Fangjun L, Yilin N. An Empirical Study on the Impact of China's Energy Consumption on Economic Growth Under the Background of "Dual Carbon". Soc Sci. 2023;12(6):303-311. doi: 10.11648/j.ss.20231206.16

Copy | Download

@article{10.11648/j.ss.20231206.16,
  author = {Liu Fangjun and Ni Yilin},
  title = {An Empirical Study on the Impact of China's Energy Consumption on Economic Growth Under the Background of "Dual Carbon"},
  journal = {Social Sciences},
  volume = {12},
  number = {6},
  pages = {303-311},
  doi = {10.11648/j.ss.20231206.16},
  url = {https://doi.org/10.11648/j.ss.20231206.16},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ss.20231206.16},
  abstract = {Our country is faced with a complex economic development environment at present stage, such as imbalance of global energy supply and demand. It is very important to study the energy consumption structure to our economic development. In this paper, economic growth, coal consumption, oil consumption, natural gas consumption, primary power consumption and other energy consumption during 1992-2021 are used as time series data to analyze the impact of coal consumption, oil consumption, natural gas consumption, primary power consumption and other energy consumption on China's economic growth. The empirical results show that oil consumption, primary power consumption and other energy consumption have a significant positive effect on our economic growth. Oil consumption, primary power consumption and other energy consumption can promote our economic growth, that is, every 1% increase in oil consumption, on average, GDP increases by 1.472%. When primary electricity and other energy consumption increases by every 1 percent, on average, our GDP increases by 0.419 percent. But total energy consumption, coal consumption and natural gas consumption have an insignificant effect on our economic growth. Therefore, our country actively takes measures to promote our economy to realize green economy, and then realize the "double carbon" goal as soon as possible.
},
 year = {2023}
}

Copy | Download

TY  - JOUR
T1  - An Empirical Study on the Impact of China's Energy Consumption on Economic Growth Under the Background of "Dual Carbon"
AU  - Liu Fangjun
AU  - Ni Yilin
Y1  - 2023/12/08
PY  - 2023
N1  - https://doi.org/10.11648/j.ss.20231206.16
DO  - 10.11648/j.ss.20231206.16
T2  - Social Sciences
JF  - Social Sciences
JO  - Social Sciences
SP  - 303
EP  - 311
PB  - Science Publishing Group
SN  - 2326-988X
UR  - https://doi.org/10.11648/j.ss.20231206.16
AB  - Our country is faced with a complex economic development environment at present stage, such as imbalance of global energy supply and demand. It is very important to study the energy consumption structure to our economic development. In this paper, economic growth, coal consumption, oil consumption, natural gas consumption, primary power consumption and other energy consumption during 1992-2021 are used as time series data to analyze the impact of coal consumption, oil consumption, natural gas consumption, primary power consumption and other energy consumption on China's economic growth. The empirical results show that oil consumption, primary power consumption and other energy consumption have a significant positive effect on our economic growth. Oil consumption, primary power consumption and other energy consumption can promote our economic growth, that is, every 1% increase in oil consumption, on average, GDP increases by 1.472%. When primary electricity and other energy consumption increases by every 1 percent, on average, our GDP increases by 0.419 percent. But total energy consumption, coal consumption and natural gas consumption have an insignificant effect on our economic growth. Therefore, our country actively takes measures to promote our economy to realize green economy, and then realize the "double carbon" goal as soon as possible.

VL  - 12
IS  - 6
ER  -

Copy | Download