The Impact of Financial Industry on Energy Development Based on VAR Model

DOI

10.2991/emcs-16.2016.237How to use a DOI?

Keywords

Energy-finance; Co-integration; Impulse response function; Energy financialization

Abstract

With the development of industrialization, the world’s energy supply and demand contradictions become increasingly sharp, a difficult problem of optimizing energy industry structure and reducing external dependence need to be solved by the support of finance. Therefore, on the basis of analyzing the research results of the domestic and foreign scholars in the field of energy finance, the total energy production, energy industry processing conversion efficiency, total investment of fixed assets of energy industry and the use of RMB credit funds in financial institutions/GDP of 1991-2012 are used to establish co-integration model and the impulse response function to measure the degree of the influence of the development of finance on the development of energy industry. Finally, concluding that the financial industry has a weak effect on the development of energy industry and putting forward some related suggestions through the analysis of empirical results to make the financial industry better serve the development of energy industry.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Dong Sun
AU  - Haoran Zhao
PY  - 2016/01
DA  - 2016/01
TI  - The Impact of Financial Industry on Energy Development Based on VAR Model
BT  - Proceedings of the 2016 International Conference on Education, Management, Computer and Society
PB  - Atlantis Press
SP  - 960
EP  - 963
SN  - 2352-538X
UR  - https://doi.org/10.2991/emcs-16.2016.237
DO  - 10.2991/emcs-16.2016.237
ID  - Sun2016/01
ER  -