Research on Chinas FDI, Ezport and Economic Growth with Energy Constraint Based on VAR model
Since Chinas reform and opening up, FDI and export have played important roles in promoting national economic growth. Nowadays, energy constraint is becoming more and more serious. In this paper, the Granger causality test shows FDI and export Granger cause GDP growth while energy Granger causes export and GDP growth too. There is a cointegration relation among FDI. export, energy and GDP. The forecast of vector autoregressive model reveals that energy elasticity and energy consumption per GDP will reduce, but there is still a large gap in reaching the goals in the 11th five year plan. The impulse responses show that shock of FDI. export, and GDP will lead to improvement of the energy efficiency, while the shock of energy will liave a negative effect on GDP in a long run. The variance decomposition method is employed to separate the variation in an endogenous variable into the component shocks to the model. The results show that FDI and export are main influential factors for energy consumption, and export is the main influential factor for FDI and GDP growth. Therefore. China should encourage FDI technology transfer and adjust export structure to reduce energy consumption in order to keep sustainable economic development.
FDI Ezport Economic growth Energy Constraint
Bing Li Jiancheng Sun
School of International Trade. Shandong Economic University, P.R.China, 250014 School of Interl Eco School of Management, Northwestern Polytechnical University, P.R.China, 710072
国际会议
The First World Congress on Global Optimization in Engineering & Science(第一届工程与科学全局优化国际会议 WCGO2009)
长沙
英文
580-585
2009-06-01（万方平台首次上网日期，不代表论文的发表时间）