Fujun Yang
ABSTRACT
Power data is usually regarded as the "barometer" of macro-economy, which has a strong correlation with the operation of national basic industries and people's livelihood. Through the detailed analysis of the economic operation law and power consumption law of Henan Province, this paper establishes a simultaneous equation model containing power consumption data, Gross regional product(GDP), new medium - and long-term loans and fixed asset investment of Henan province from 2001 to 2020. The three-stage least square method was used for correlation analysis, and the weight of the test indexes was determined by comprehensive analysis. Finally, the interactive relationship between electricity data and GDP is determined, that is, new medium and long term loans and fixed asset investment in the first two years have a great impact on GDP in the current year, while GDP in the last two years will affect the electricity consumption level in the current year. And put forward corresponding measures to promote the economic green coordinated development of their own views.
- Peng Peng and Peng Jiahong. 2011. Research on power load forecasting based on multiple linear regression model. China safety production science and technology 7,09 (2011), 158-161Google Scholar
- Zeng Jia and Li Jie. 2020. Empirical analysis on accurate measurement of GDP data based on industrial power big data. Journal of Harbin University of Technology (SOCIAL SCIENCE EDITION) 22,01 (2020), 133-140Google Scholar
- Mu Haizhen, sun Landong and Hou Yiling. 2016. Prediction model of monthly electricity consumption in Shanghai. China power 49,06, (2016), 146-150Google Scholar
- Nie Fei and Liu Haiyun. 2015. Study on the correlation between FDI, environmental pollution and economic growth - Empirical Test Based on dynamic simultaneous equation model. International trade issues 02, (2015), 72-83.Google Scholar
- song Hongfang, Wang guangzeng, Cheng Ying, Ma Lei, Ding Shan,and Tian Yun. 2017. Empirical Study on electricity consumption and economic model under the new normal state of economy - based on simultaneous equation model. China business theory, 08, (2017), 150-153.Google Scholar
- Bai Ling, Hu Guangwei, Ji Jingnan, and Si Hongli. 2020. Empirical Study on backward deconstruction of economic growth dynamics based on industrial power big data – Taking Jiangsu Province as an example. Xuehai, 01, (2020), 150-158Google Scholar
- Tan Xiandong, Shan Baoguo, Wu Shanshan,and Shan Baoping. 2017. Study on the gap between China's whole society's power consumption and GDP growth under the new economic normal. China power 50,12, (2017), 5-9Google Scholar
- Xiao Hongwei. 2015. Cause analysis of "short-term deviation" between power consumption and economic growth. Macroeconomic management, 06 (2015): 27-29Google Scholar
- He Weijun, Kong Yang, Cui Yong, and Tan Jiangtao. 2018. Analysis of influencing factors of China's power consumption based on principal component analysis. Mathematical practice and understanding 48,01, (2018), 67-74Google Scholar
- Arčabić Vladimir,Gelo Tomislav,Sonora Robert J.,and Šimurina Jurica.2021. Cointegration of electricity consumption and GDP in the presence of smooth structural changes. Energy Economics, 97(2021)Google Scholar
- Khan Rabnawaz.2021. Beta decoupling relationship between CO2 emissions by GDP, energy consumption, electricity production, value-added industries, and population in China.. PloS one,16,4,(2021)Google Scholar
- Khan Rabnawaz and Kong YuSheng.2020. Effects of Energy Consumption on GDP: New Evidence of 24 Countries on Their Natural Resources and Production of Electricity[J]. Ekonomika (Economics) 99,1,(2020)Google Scholar
- Yu Hao,Tianli Zhang,Leijie Jing,and Linqi Xiao.2019. Would the decoupling of electricity occur along with economic growth? Empirical evidence from the panel data analysis for 100 Chinese cities. Energy 180(2019)Google Scholar
- Wang Mingli. 2016. Research on the relationship between China's economic growth and environmental pollution based on simultaneous equations and state space model. Management review 28,07, (2016), 75-84Google Scholar
- Polbin Andrey,Sinelnikov,and Murylev Sergey.2021. A simple macro-econometric simultaneous equation model for the Russian economy[J]. Post-Communist Economies 33,5,(2021)Google Scholar
- Latief Rashid,Kong Yusheng,Javeed Sohail Ahmad,and Sattar Usman.2021.Carbon Emissions in the SAARC Countries with Causal Effects of FDI, Economic Growth and Other Economic Factors: Evidence from Dynamic Simultaneous Equation Models[J]. International Journal of Environmental Research and Public Health 18,9,(2021)Google Scholar
- Malik Mushtaq Ahmad.2021.Correction to: Economic growth, energy consumption, and environmental quality nexus in Turkey: Evidence from simultaneous equation models. Environmental science and pollution research international (2021)Google Scholar
- Fahria,I Made Sumertajaya,Anik Djuraidah.2020.Evaluation of Simultaneous and Simultaneous Spatial Autoregressive Equation with Three Stage Least Square Method (Case Study on GRDP, Poverty and Unemployment Data in Papua in 2018). International Journal of Sciences: Basic and Applied Research (IJSBAR) 53,1,(2020)Google Scholar
- Chaiyasoonthorn, W., Khalid, B., & Chaveesuk, S. (2019, August). Success of Smart Cities Development with Community's Acceptance of New Technologies. Proceedings of the 9th International Conference on Information Communication and Management. https://doi.org/10.1145/3357419.3357440Google ScholarDigital Library
- Chaveesuk, S., Chaiyasoonthorn, W., & Khalid, B. (2020, April). Understanding the Model of User Adoption and Acceptance of Technology by Thai Farmers. Proceedings of the 2020 2nd International Conference on Management Science and Industrial Engineering. https://doi.org/10.1145/3396743.3396781Google ScholarDigital Library
- Muangmee, C., Dacko-Pikiewicz, Z., Meekaewkunchorn, N., Kassakorn, N., & Khalid, B. (2021). Green Entrepreneurial Orientation and Green Innovation in Small and Medium-Sized Enterprises (SMEs). Social Sciences, 10(4), 136. https://doi.org/10.3390/socsci10040136Google ScholarCross Ref
- Wall, W. P., Khalid, B., Urbański, M., & Kot, M. (2021). Factors Influencing Consumer's Adoption of Renewable Energy. Energies, 14(17), 5420. https://doi.org/10.3390/en14175420Google ScholarCross Ref
Index Terms
- Study on the Interactive Relationship between Electric Power and Economy in Henan Province Based on Simultaneous Equation Model
Recommendations
Study on the Relationship between Economic Development and Energy Consumption in Henan Province of China
ISBIM '08: Proceedings of the 2008 International Seminar on Business and Information Management - Volume 02With the quick development of industrialization and urbanization of China, the problems of energy consumption and environment pollution are attached importance by more and more people. As a big population and economic province of China, circular economy ...
Scientific output and its relationship to knowledge economy: an analysis of ASEAN countries
This article seeks to examine the relationship between scientific output and knowledge economy index in 10 South East Asian countries (ASEAN). Using bibliometric data of the Institute of Scientific Information, we analyzed the number of scientific ...
A Study on the Relationship between the Export Pattern and Economic Growth in Henan Province
ISIP '08: Proceedings of the 2008 International Symposiums on Information ProcessingBased on the data collected from 1990 to 2005, this paper explores the short-term and long-term relationship between Henan's Export Pattern and economic growth by applying co-integration analysis, Granger causality test, as well as ECM. The conclusion ...
Comments