Analysis of Cointegration and Causality between Wind Power Development and Economic Growth in China

doi:10.11930/j.issn.1004-9649.2013.3.1.3

Abstract

Abstract: The interaction between wind power development and economic growth plays an important role for formulating China’s long- term wind power planning and investment strategy. So it is significant to research the interaction between them. According to the relevant annual data during the period 1991-2010, the relationship between wind power development and economic growth in China is examined by applying autoregressive distributed lag (ARDL) approach and Granger causality test method based on error correction model. The results indicate that a long-run equilibrium relationship exists between the wind power development and economic growth; the Granger causality, however, does not exist between these variables whether for the long-run or for the short-run.

Key words: wind power development, economic growth, cointegration analysis, autoregressive distributed lag model (ARDL)

CLC Number:

TM614

ZHAO Wen-hui, DING Hui-kai, SHI Quan-sheng, XIE Pin-jie. Analysis of Cointegration and Causality between Wind Power Development and Economic Growth in China[J]. Electric Power, 2013, 46(3): 1-4.

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URL: https://www.electricpower.com.cn/EN/10.11930/j.issn.1004-9649.2013.3.1.3

https://www.electricpower.com.cn/EN/Y2013/V46/I3/1

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