Resources Science ›› 2019, Vol. 41 ›› Issue (5): 847-859.doi: 10.18402/resci.2019.05.03

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Measurement and influencing factors of the growth drag of energy in China

Pinjie XIE(), Zhuowen MU()   

  1. College of Economics and Management, Shanghai University of Electric Power, Shanghai 200090, China
  • Received:2018-11-21 Revised:2019-02-13 Online:2019-05-25 Published:2019-05-25

Abstract:

Studying the influencing factors and the mechanism of growth drag of energy can provide new ideas for solving the problem in China’s economic development. Based on provincial panel data, this study measured the growth drag of energy of 30 provinces in China from 1997 to 2016 by using the partial least squares (PLS) method. The dynamic panel model was used to empirically analyze the influencing factors at the national and group levels. The results show that: (1) Growth drag of energy is a constraint in China, which shows different characteristics in different development periods. (2) The results of the national level analyses show that lag term of growth drag, industrial structure, economic development level, and energy price have a significant positive effect on the growth drag of energy. The level of input in science and technology, level of urbanization, and energy structure have negative contributions, which are conducive to the reduction of grow drag. (3) The results of the group level analyses show that lag item of growth drag, economic development level, and energy price are still unfavorable factors that promote growth drag, while industrial structure, level of input in science and technology, level of urbanization, and energy structure have double sided effects, which differ in different groups. Based on these conclusions, this article provides some recommendations with regard to the quality of economic development, price regulation of the energy market, and urbanization development, in order to find reasonable methods to reduce the growth drag of energy.

Key words: growth drag of energy, influencing factors, panel data, partial least squares method, system GMM