重庆工商大学学报（社会科学版）Issue(3)：19-29,11.DOI:12.3969/j.issn.1672-0598.2015.03.003
金融发展与能源消费互动关系研究--基于ARDL-ECM模型的实证分析∗
Research on the Interactive Relationship between Financial Development and Energy Consumption Based on the Empirical Analysis ARDL-ECM Model
摘要
Abstract
This study investigates the dynamic causal relationship between financial development and energy consumption. This paper begins with the researches on economic growth & financial development and economic growth & energy consumption, and then gives theoretic basis and the necessity of the research. Based on Cobb⁃Douglas production function, empirical research model is deduced. The long⁃term correlation and short⁃term dynamic relationship between financial development and energy consumption is studied using ARDL⁃ECM Model. The study shows that there is long⁃term, positive, balanced relationship between financial development and energy consumption in the long run, i.e. financial development and energy consumption promote each other. However, energy consumption has greater impact on financial development. From the perspective of the short⁃term dynamic relationship between variates, present financial development can enhance present energy consumption, but reduces energy consumption growth in following 1 or 2 years;while present energy consumption can affect present financial development only, and there is no delay effect. This paper provides new mindset and re⁃search basis for better understanding financial development and energy consumption.关键词
能源消费/金融发展/ARDL-ECM模型Key words
energy consumption/financial development/ARDL-ECM Model分类
管理科学引用本文复制引用
刘剑锋..金融发展与能源消费互动关系研究--基于ARDL-ECM模型的实证分析∗[J].重庆工商大学学报（社会科学版）,2015,(3):19-29,11.基金项目
教育部人文社科青年基金项目（12YJC79015）“金融发展对能源消费的影响研究” （）
