On the convergence in China's provincial per capita energy consumption: New evidence from a spatial econometric analysis |
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| Affiliation: | 1. Center for Energy and Environmental Policy Research, Beijing Institute of Technology, Beijing 100081, China;2. School of Management and Economics, Beijing Institute of Technology, Beijing 100081, China;3. Beijing Key Lab of Energy Economics and Environmental Management, Beijing 100081, China;4. Sustainable Development Research Institute for Economy and Society of Beijing, Beijing 100081, China;5. Collaborative Innovation Center of Electric Vehicles in Beijing, Beijing 100081, China;1. Department of Economic Geography, Faculty of Spatial Sciences, University of Groningen, Landleven 1, 9747 AD, Groningen, The Netherlands;2. Department of Agricultural Economics, College of Economics and Management, Northwest A&F University,Yangling, Shaanxi, China;3. School of Geographical Science, East China Normal University, Shanghai, China;1. Department of Economics, Monash University, Caulfield 3145, Australia;2. Centre for Financial Risk, Macquarie University, Sydney 2109, Australia;3. Schulich School of Business, York University, Toronto, Ontario M3J 1P3, Canada;4. Department of Economics and Finance, La Trobe University, Melbourne 3086, Australia;1. Department of Economics, University of Birmingham, United Kingdom;2. Instituto de Economía Internacional, University Jaume I, Spain;3. UPAEP, Mexico |
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| Abstract: | The rapid increase in per capita energy consumption is likely to be an important factor affecting the sustainable development of China's economy. In this study, the convergence of per capita energy consumption, which is an important inherent characteristic of China's energy consumption, is investigated using panel data for the period 1994–2014 for 30 Chinese provinces. To control for the potential spatial dependence in energy consumption per capita and introduce dynamics, appropriate spatial dynamic econometric models are employed. The empirical results indicate that there are both absolute and conditional β-convergences in per capita energy consumption across provinces. In addition, there is also evidence for an inverted U-shaped relationship between per capita energy consumption and per capita GDP. Therefore, per capita energy consumption would increase when economic development is relatively low. However, per capita energy consumption may decrease after a threshold level of economic development is reached. Among the factors that potential influence provincial energy consumption, the ratio of secondary industry value-added to GDP and the spatial correlation of energy consumptions in neighboring provinces are positively related to energy consumption per capita, while population density and per capita foreign direct investment do not affect energy consumption per capita significantly. |
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