Economics and Management School, Hangzhou Normal University, Hangzhou 311121, China.
School of Economics, Zhejiang University of Finance & Economics, Hangzhou 310018, China.
Int J Environ Res Public Health. 2020 May 10;17(9):3321. doi: 10.3390/ijerph17093321.
This paper aims to identify the relationship among energy consumption, FDI, and economic development in China from 1993 to 2017, taking Zhejiang as an example. FDI is the main factor of the rapid development of Zhejiang's open economy, which promotes the development of the economy, but also leads to the growth in energy consumption. Based on the time series data of energy consumption, FDI inflow, and GDP in Zhejiang from 1993 to 2017, we choose the vector auto-regression (VAR) model and try to identify the relationship among energy consumption, FDI, and economic development. The results indicate that there is a long-run equilibrium relationship among them. The FDI inflow promotes energy consumption, and the energy consumption promotes FDI inflow in turn. FDI promotes economic growth indirectly through energy consumption. Therefore, improving the quality of FDI and energy efficiency has become an inevitable choice to achieve the transition of Zhejiang's economy from high speed growth to high quality growth.
本文旨在以浙江省为例，探讨 1993 年至 2017 年期间中国能源消费、外商直接投资（FDI）与经济发展之间的关系。FDI 是浙江开放型经济快速发展的主要因素，它促进了经济的发展，但也导致了能源消费的增长。基于浙江省 1993 年至 2017 年期间的能源消费、FDI 流入和 GDP 的时间序列数据，我们选择了向量自回归（VAR）模型，并试图确定能源消费、FDI 和经济发展之间的关系。结果表明，它们之间存在长期均衡关系。FDI 流入促进了能源消费，而能源消费反过来又促进了 FDI 流入。FDI 通过能源消费间接地促进经济增长。因此，提高 FDI 质量和能源效率已成为实现浙江经济从高速增长向高质量增长转变的必然选择。
