New PDF release: Energy Security and Sustainable Economic Growth in China

By Maria Jesus Herrerias Shujie Yao

ISBN-10: 1137372052

ISBN-13: 9781137372055

ISBN-10: 1349475955

ISBN-13: 9781349475957

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Extra resources for Energy Security and Sustainable Economic Growth in China

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33 GDP units (in 2005 PPP $). Therefore, the economy of China is becoming less energy-intensive across time, but the average energy intensity is still quite high relative to the main developing economies. The decline in energy intensity is also observed in Russia, a net energy exporter country affected by severe climate conditions. Being a net energy importer at this moment, the high energy intensity of China shows a low efficient energy usage compared to other clear net energy exporter economies like Colombia or Venezuela, which implies that there is much potential for improvements in efficiency.

200848 Chile Year Other Residential 1980 1990 2000 2010 Thailand 1980 1990 2000 2010 Malaysia 1980 1990 2000 2010 Electricity and heat Manufactures 1980 1990 2000 2010 Russian Federation 1980 1990 2000 2010 Indonesia 1980 1990 2000 2010 Brazil Source: The World Bank Data, 2012. 12b India Russian Federation Poland China Malaysia Turkey Thailand Mexico Chile Indonesia Venezuela, RB Argentina Peru Brazil 0 Colombia 20 Manufactures Transport CO2 emissions by sector, 2008 Source: The World Bank Data, 2012.

2 Energy use and economic growth There is a general consensus that energy plays an important role in the production process. However, empirical results on the causal relationship between energy and growth have yielded mixed results. 15 per cent supports the neutrality hypothesis, that is the absence of Granger causality between electricity consumption and economic growth. 87 per cent of the countries studied, a unidirectional Granger causality from economic growth to electricity consumption is found.

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Energy Security and Sustainable Economic Growth in China by Maria Jesus Herrerias Shujie Yao


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