An Empirical Research on Characteristics of Coal Consumption Based on Panel Co-Integration
This paper constructs a panel coal consumption model and defines the panel data for coal consumption and growth as well as coal efficiency for 36 major sectors of Chinese industry during1993-2007. Applying the panel unit root W test by IPS, The anthor concluds that the panel data is generated by the panel unit root process. This paper tests panel co-integration among three panel variables by Pedroni residual co-integration test and estimates the model with FMOLS proposed by Philips and Hansen. The results show that there is a panel co-integration relationship among the three panel variables which characterizes the coal consumption of the 36 major sectors of Chinese industry. The conclusions and their implications in this paper can be taken as reference evidence for formulating a long-run energy strategy for China. It has important significance for China to reduce coal consumption, control greenhouse gas emissions and achieve sustainable development.
Huang Xiaoli
School of Statistics and Mathematics,Zhejiang Gongshang University,Hangzhou,P.R.China,310018 School of Economics and Trade,Hangzhou Dianzi University,Hangzhou,P.R.China,310018
国际会议
The 7th International Conference on Innovation and Management(第七届创新与管理国际会议 ICIM 2010)
武汉
英文
219-223
2010-12-04（万方平台首次上网日期，不代表论文的发表时间）