Agricultural population urbanization, long-run economic growth, and metropolitan electricity consumption: An empirical dynamic general equilibrium model
Urbanization is a key component for the sustainable development of affordable and efficient electric services in urban and rural area, driving economic growth and electricity consumption. This paper identifies the causal effects of urbanization and metropolitan economic performance on electricity co...
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doaj-2509c48594484a3d9eacf8a89b2c22a22020-11-25T03:35:26ZengElsevierEnergy Strategy Reviews2211-467X2020-07-0130100498Agricultural population urbanization, long-run economic growth, and metropolitan electricity consumption: An empirical dynamic general equilibrium modelYiming He0School of National Agricultural Institution and Development, South China Agricultural University, Guangzhou, Guangdong, 510642, ChinaUrbanization is a key component for the sustainable development of affordable and efficient electric services in urban and rural area, driving economic growth and electricity consumption. This paper identifies the causal effects of urbanization and metropolitan economic performance on electricity consumption by a dynamic general equilibrium theoretical framework and time series econometric models using data from 1949 to 2016 in Guangzhou, China. Both autoregressive distributed lag (ARDL) and Johansen cointegration techniques show that electricity consumption, urbanization and metropolitan economic performance are cointegrated. The results of two-stage least squires (TSLS) demonstrate that the marginal propensity to electricity consumption in Guangzhou is about 1.28. To improve the electricity use efficiency, policies should be implemented to transfer the current electricity consumption pattern into a pattern of low energy intensity.http://www.sciencedirect.com/science/article/pii/S2211467X20300511Electricity consumptionUrbanizationEconomic growthDynamic general equilibriumInstrumental variable |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Yiming He |
spellingShingle |
Yiming He Agricultural population urbanization, long-run economic growth, and metropolitan electricity consumption: An empirical dynamic general equilibrium model Energy Strategy Reviews Electricity consumption Urbanization Economic growth Dynamic general equilibrium Instrumental variable |
author_facet |
Yiming He |
author_sort |
Yiming He |
title |
Agricultural population urbanization, long-run economic growth, and metropolitan electricity consumption: An empirical dynamic general equilibrium model |
title_short |
Agricultural population urbanization, long-run economic growth, and metropolitan electricity consumption: An empirical dynamic general equilibrium model |
title_full |
Agricultural population urbanization, long-run economic growth, and metropolitan electricity consumption: An empirical dynamic general equilibrium model |
title_fullStr |
Agricultural population urbanization, long-run economic growth, and metropolitan electricity consumption: An empirical dynamic general equilibrium model |
title_full_unstemmed |
Agricultural population urbanization, long-run economic growth, and metropolitan electricity consumption: An empirical dynamic general equilibrium model |
title_sort |
agricultural population urbanization, long-run economic growth, and metropolitan electricity consumption: an empirical dynamic general equilibrium model |
publisher |
Elsevier |
series |
Energy Strategy Reviews |
issn |
2211-467X |
publishDate |
2020-07-01 |
description |
Urbanization is a key component for the sustainable development of affordable and efficient electric services in urban and rural area, driving economic growth and electricity consumption. This paper identifies the causal effects of urbanization and metropolitan economic performance on electricity consumption by a dynamic general equilibrium theoretical framework and time series econometric models using data from 1949 to 2016 in Guangzhou, China. Both autoregressive distributed lag (ARDL) and Johansen cointegration techniques show that electricity consumption, urbanization and metropolitan economic performance are cointegrated. The results of two-stage least squires (TSLS) demonstrate that the marginal propensity to electricity consumption in Guangzhou is about 1.28. To improve the electricity use efficiency, policies should be implemented to transfer the current electricity consumption pattern into a pattern of low energy intensity. |
topic |
Electricity consumption Urbanization Economic growth Dynamic general equilibrium Instrumental variable |
url |
http://www.sciencedirect.com/science/article/pii/S2211467X20300511 |
work_keys_str_mv |
AT yiminghe agriculturalpopulationurbanizationlongruneconomicgrowthandmetropolitanelectricityconsumptionanempiricaldynamicgeneralequilibriummodel |
_version_ |
1724554462281859072 |