Dynamic Evolution of Energy Efficiency Mechanism in China
Y. D. Cheng
Anhui University of Science and Technology, Anhui Huainan, 232001, China
ABSTRACT: In this paper, the panel data model of the total factor energy efficiency (TFEE) is built to research on the dynamic evolution mechanism, using the panel data of China in 1991—2012, This paper test the relationship between the TFEE and effect factors by the method of panel co-integration, and calculated the contribution rate of every factor to the growth rate of TFEE by the panel data model. The empirical results shows that the TFEE and effect factors are co-integrated in the long run, it is clear that industrial structure, structure of energy consumption have negative influence on TFEE, and human capital quality, technical progress, the government influence have forward influence on TFEE, the human capital quality has the greatest contribution to the growth of TFEE. The TFEE will be pushed forward by these effect factors.
Keywords : Energy efficiency; Panel co-integration; Contribution rate; Evolution mechanism.
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