Energy Production and Regional Economic Growth in China: A More Comprehensive Analysis Using a Panel Model

Energies

关键词: resource curse;    regional imbalance;    second generation panel unit root and cointegration;    spatial panel data model;    China;   

DOI  :  10.3390/en6031409

来源: mdpi

【 摘 要 】

China has witnessed a fast economic growth in the recent two decades. However, the heavy energy exploitation seems to show a negative relation to regional economic growth. Thus, the issue is whether the energy production is a curse or blessing for the regional economic growth in China. The present study deploys a comprehensive approach to rigorously prove the validity of a proposed panel data model that includes a second generation panel unit root test and panel cointegration and a spatial panel model. The results from the second generation panel unit root test and panel cointegration allowing for cross-sectional dependences show the differenced series are stationary and there exists a cointegration relationship among these variables for all sub-regions. The results from the spatial panel data model support the conjecture of the spatial dependent and show that there is a “resource curse” only for the Western region and Central region in China.

【 授权许可】

CC BY   
© 2013 by the authors; licensee MDPI, Basel, Switzerland.