『Abstract
Since the 1980s, Chinese economy grew rapidly. With the rapid
economic growth, Chinese energy consumption sharply increased.
The relation between Chinese energy consumption and economic growth
is focused on, and many researchers have studied this issue by
applying the methods such as granger causality test. however,
the results just reveal the relation in a very long period. In
this paper, the history of Chinese economy is divided into four
periods. And the relation between Chinese energy consumption and
economic growth is examined by applying grey incidence analysis,
which is one of the most important methods of grey system theory
which can be applied to solve the problems with small samples.
The results show that the relations in different periods are not
the same. The degree of grey incidences between total energy consumption
and values added of secondary industry is larger, and the degree
of grey incidences between GDP and consumption of coal is larger
too. And the policy implications of these results are explained.
Keywords: Energy consumption; Economic growth; Grey incidence
analysis』
1. Introduction
1.1. Period I: 1980's -1992
1.2. Period II: 1993-1996
1.3. Period III: 1997-2000
1.4. Period IV: 2001-present
2. Methodology and data used
2.1. Methodology
2.2. Data used
3. Results and discussion
3.1. The relation between GDP and total energy consumption
3.2. The relation between values added and total energy consumption
3.3. The relation between GDP and consumption of energy product
4. Conclusions
Acknowledgement
References