Analysis of the impact of energy consumption on regional agricultural economic growth based on panel data

Abstract

Energy is an important resource for human survival and development. China has become the world’s second largest energy consumer, and its energy consumption growth rate ranks first in the world. With the rapid growth of China’s economy, such a way of energy consumption will inevitably hinder the rapid development of China’s economy in the long run, so it is necessary to improve China’s energy consumption way. In order to explore the impact of energy consumption on regional agricultural economic growth, improve the negative impact of unscientific energy consumption, and improve the level of regional economic development, this paper takes three regions as the research object to study the relationship between energy consumption and economic development. The research results show that there is no one-way or two-way causality in Type I areas with high economic development and high energy consumption, no matter in the short-term or long-term; in Type II areas with high economic development and low consumption, there is a bidirectional causal relationship between energy consumption and economic development in the short term. In the long run, economic growth is a one-way causal relationship. In Type III regions with slow economic growth and low energy consumption, only the single causal relationship between long-term energy consumption and economic development is less than 10% significant. This suggests that the long- and short-term causality between energy consumption and economic development varies across regions. Therefore, in order to coordinate regional economic development and narrow regional gaps, it is necessary to formulate appropriate regional energy consumption policies and strategies.