Empirical Analysis Between Economic Growth and Energy Consumption Based on the Perspective of Industrial Structure

ABSTRACT

Energy is an important material basis for social and economic development. With the rapid economic development, energy is increasingly becoming an important issue of socio-economic development. As China's "two-oriented society" pilots Hunan Province, a major breakthrough occurred in the transformation of economic growth, adjusting the industrial structure and promoting energy conservation and environmental protection, but still faces shortage of energy supply and demand and supply imbalances, impacting on sustainable economic development. This paper introduces the economic growth based on the previous results and summarized the relationship between energy consumption and classification; also introduces the theory of economic growth, industrial structure and related econometric models providing a theoretical basis and methods of analysis for this study. Secondly, through the relevant data collected and selected first from second and third industry time series data of economic growth and energy consumption of the 1990-2013 year of Hunan Province, the paper established econometric model of industrial structure and the relationship between energy consumption and economic growth in the analysis of the results obtained: the secondary industry is the leading cause of long-term increase in energy consumption which in turn is the driving force of the tertiary industry development. Finally, the relevant suggestions are made for industrial restructuring and for ensuring security of energy supply perspective.

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