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Economic development, marketisation and energy consumption: evidence from China

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  • Sifei Li
  • Chuang Lu
  • Yan Tong
  • Yun Zhang

Abstract

This paper investigates the relationship between economic development, marketisation and energy consumption. We hypothesise that both economic development and marketisation can affect energy consumption and that marketisation plays a more fundamental role. Empirical results from single-factor regressions show that both economic development and marketisation have negative associations with energy consumption. Results from two-stage regressions and variance decomposition demonstrate that marketisation has a more determinative effect on energy consumption than economic development does. The policy implication of our research is that, to reduce energy consumption, policy-makers should make better use of the role of markets in resource allocation.

Suggested Citation

  • Sifei Li & Chuang Lu & Yan Tong & Yun Zhang, 2017. "Economic development, marketisation and energy consumption: evidence from China," International Journal of Global Energy Issues, Inderscience Enterprises Ltd, vol. 40(3/4), pages 225-239.
    • Handle: RePEc:ids:ijgeni:v:40:y:2017:i:3/4:p:225-239
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    Cited by:

    1. Irada Osmanova & Seden Ozerden & Bassam Dalal & Blend Ibrahim, 2023. "Examining the Relationship between Brand Symbolism and Brand Evangelism through Consumer Brand Identification: Evidence from Starbucks Coffee Brand," Sustainability, MDPI, vol. 15(2), pages 1-15, January.

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