Title :
Electricity Consumption and Economic Growth in China, Is There Co-Feature between Them?
Author :
Zhao, Changhong ; Xiong, Minpeng ; Yuan, Jiahai
Author_Institution :
Sch. of Bus. Adm., North China Electr. Power Univ., Beijing, China
Abstract :
In the paper, we investigate the vector error correction model considering co-feature. The identification procedure and algorithms are overviewed briefly in line with (Hecq. A., 2004). Then a simple case study for electricity consumption and economic growth in China is given for model comparison. It is found that model considering co-feature can potentially improve the model estimation efficiency.
Keywords :
electricity supply industry; power consumption; socio-economic effects; vectors; China; economic growth; electricity consumption; identification procedure; model estimation efficiency; vector error correction model; Economic forecasting; Economic indicators; Electric shock; Energy consumption; Error correction; Maximum likelihood estimation; Performance evaluation; Power generation economics; System testing; Time series analysis;
Conference_Titel :
Management and Service Science, 2009. MASS '09. International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-4638-4
Electronic_ISBN :
978-1-4244-4639-1
DOI :
10.1109/ICMSS.2009.5305788
