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Academic Journal of Energy, 2021, 2(3); doi: 10.38007/RE.2021.020303.

Economic Growth (EG) Relationship of Energy Consumption (EC) Based on Growth Perspective

Author(s)

James Yong Liao

Corresponding Author:
James Yong Liao
Affiliation(s)

Philippine Christian University, Philippine

Abstract

Energy is the foundation of the development of the national economy. With the rapid development of the economy, the degree of human dependence on energy also increases. Energy utilization is also a complex system, which is closely related to external factors such as economy, population, and locality. How to understand China's changing energy use culture and the relationship between China's energy use and economic development is an important boundary issue. To this end, the text studies the relationship between EC and EG from the perspective of growth. This paper analyzes the relationship between EC, metering capacity and system development through different model methods; studies the different effects of industrial production on EC in different periods. Experiments show that, along with the slowdown in the growth rate of EC, EC and EG have returned to a weak decoupling state in the past ten years, the growth rate of EC has dropped to an average annual rate of 5%, and the growth rate of GDP has continued to stabilize at 9.3%.

Keywords

Growth Perspective, Energy Consumption, Economic Growth, Industrial Structure

Cite This Paper

James Yong Liao. Economic Growth (EG) Relationship of Energy Consumption (EC) Based on Growth Perspective. Academic Journal of Energy (2021), Vol. 2, Issue 3: 19-29. https://doi.org/10.38007/RE.2021.020303.

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