The Relationship Between Energy Consumption and Economic Growth

Topics: World energy resources and consumption, Peak oil, Economic growth, Energy development / Pages: 17 (4231 words) / Published: Nov 2nd, 2012
| Department of EconomicsUniversity of Calgary, Canada. |

Term Paper

The Relationship Between Energy Consumption and Economic Growth

Name: Niou Wu
ID: 10047639

Economics 427
Professor: W. D. Walls

Monday, December 06, 2010
The term of "Energy", have rarely been mentioned before. However, during the the 21st century, as the growth of economics, it has become a very hot topic which involving economic, natural science and social science and other fields. This paper is focuse on the relationship between the energy comsumption and the economic growth, especially in China. In the first part of this paper, I would like to introduce the definetion of energy and discuss the energy comsumption status over the world by using some statistical database. Additionally, I would like to use some actual case (based on database of China) to talk about the trends of the energy comsumption and the predicts of these changes. Secondly, I will discuss that how is the energy comsumption support and promote the development of the economics theoretically. In the third part of this paper ,I would like to put forward some assumptions that the advantages and disadvantages which related to the increasing energy consumption. One is that will the incresing energy comsumption promote the economic growth and help economic to achieve the sustainable econnomic development under the economic and environmental constraints? For testing my assumption, I would like to ues some real statistical data of the energy consumption of China to provide a deteiled analysis about this situation by using the Endogenous Growth Model which has been mentioned by Robert Lucas. The other assumption is that is there any adverse impact on the environment which has been caused by the increasing energy comsumption? In this part, I will simply introduce the method to analyse my assumption by using the Kaya Identity Equation which mentioned by the Japanese economist Yoichi Kaya. As a result, by

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