Economic development, marketisation and energy consumption: evidence from China
by Sifei Li; Chuang Lu; Yan Tong; Yun Zhang
International Journal of Global Energy Issues (IJGEI), Vol. 40, No. 3/4, 2017

Abstract: This paper investigates the relationship between economic development, marketisation and energy consumption. We hypothesise that both economic development and marketisation can affect energy consumption and that marketisation plays a more fundamental role. Empirical results from single-factor regressions show that both economic development and marketisation have negative associations with energy consumption. Results from two-stage regressions and variance decomposition demonstrate that marketisation has a more determinative effect on energy consumption than economic development does. The policy implication of our research is that, to reduce energy consumption, policy-makers should make better use of the role of markets in resource allocation.

Online publication date: Thu, 14-Sep-2017

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