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Chinese Journal of Management Science ›› 2014, Vol. 22 ›› Issue (6): 103-113.

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Economic Growth and Energy Intensity:An Empirical Research Based on Panel Smooth Transition Regression Model

ZHAO Xin-gang, LIU Ping-kuo   

  1. School of Economics and Management, North China Electric Power University, Beijing 102206, China
  • Received:2012-03-22 Revised:2013-04-09 Online:2014-06-20 Published:2014-06-26

Abstract: By using the panel data of nine countries over the period of 1960-2009, this article studied the relationship between the economic growth and energy intensity is studied based on the panel smooth transfer regression (PSTR) model. Empirical results, on one hand, not only effectively verify the inverted U-shaped relationship between economic growth and energy intensity, but also show the linear effect plays a dominant role in improving the energy intensity at different levels of economic growth, and in various stages of economic development, there is a continuous smooth transfer regime between economic growth and energy intensity that influences the economic variables transfer from one regime to another regime bounded by the threshold. On the other hand, at present, China's economic growth and energy intensity is in the up-moving period of the inverted U-shaped, and when the GDP per capita reaches $ 13208.48, the value of China's energy intensity will be at a turning point.

Key words: economic growth, energy intensity, panel smooth transfer regression

CLC Number: