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Asymmetric macroeconomic determinants of energy intensity in China: does economic development matter?

pmid: 35149941
Previously, several studies have tried to analyze the various determinants of energy intensity for different countries and regions. However, none of the studies have focused on the asymmetric determinants of energy intensity in the context of China. Therefore, the primary aim of this study is to investigate the asymmetric determinants of energy intensity in China. We have gathered data for China over the period 1985-2019 and applied linear and non-linear ARDL models. In the linear model, only energy prices reduce the energy intensity in the long run. Moreover, the long-run effects of both energy prices and economic development are asymmetric; however, positive changes in both variables help to reduce energy intensity. Clearly, the results are asymmetric in nature; hence, the policymakers should consider both positive and negative shocks in energy prices and economic development while making any policy with regard to lowering energy intensity.
- Wuhan University China (People's Republic of)
- Beijing University of Technology China (People's Republic of)
- Beijing University of Technology China (People's Republic of)
- European College of Economics and Management Bulgaria
- Pakistan Institute of Development Economics Pakistan
China, Carbon Dioxide, Policy, Economic Development
China, Carbon Dioxide, Policy, Economic Development
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