Based on modern economic theory and the characteristics of Chinese energy consumption,this paper analyzes the determinants of energy demand in China,builds Chinese energy demand model,examines the long\|run relationsh...
详细信息
Based on modern economic theory and the characteristics of Chinese energy consumption,this paper analyzes the determinants of energy demand in China,builds Chinese energy demand model,examines the long\|run relationship between China’s aggregate energy consumption and the main economic variables such as GDP using the Johansen multivariate *** is found that there exists unique long\|run relationship among the variables in the model over the sample *** error correction model provides an appropriate framework for forecasting the short\|run fluctuations in the aggregate demand of china.
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