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Energies 2013, 6(3), 1409-1420; doi:10.3390/en6031409
Article

Energy Production and Regional Economic Growth in China: A More Comprehensive Analysis Using a Panel Model

School of Economics and Management, Nanchang University, Nanchang 330031, China
Received: 31 December 2012 / Revised: 30 January 2013 / Accepted: 17 February 2013 / Published: 5 March 2013
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Abstract

China has witnessed a fast economic growth in the recent two decades. However, the heavy energy exploitation seems to show a negative relation to regional economic growth. Thus, the issue is whether the energy production is a curse or blessing for the regional economic growth in China. The present study deploys a comprehensive approach to rigorously prove the validity of a proposed panel data model that includes a second generation panel unit root test and panel cointegration and a spatial panel model. The results from the second generation panel unit root test and panel cointegration allowing for cross-sectional dependences show the differenced series are stationary and there exists a cointegration relationship among these variables for all sub-regions. The results from the spatial panel data model support the conjecture of the spatial dependent and show that there is a “resource curse” only for the Western region and Central region in China.
Keywords: resource curse; regional imbalance; second generation panel unit root and cointegration; spatial panel data model; China resource curse; regional imbalance; second generation panel unit root and cointegration; spatial panel data model; China
This is an open access article distributed under the Creative Commons Attribution License (CC BY 3.0).
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Liu, Y. Energy Production and Regional Economic Growth in China: A More Comprehensive Analysis Using a Panel Model. Energies 2013, 6, 1409-1420.

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