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Abstract
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Article Information:
Energy Efficiency, Food Consumption Influence on China's Economy based on Energy and Agricultural Food Price Fluctuations
Yantao Wang, Yong Li, Jieping Han and Jing Yan
Corresponding Author: Yantao Wang
Submitted: March 14, 2015
Accepted: March 24, 2015
Published: August 25, 2015 |
Abstract:
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External shocks have significant effects on China's economy, as energy and agriculture food price. In recent years, the increasing of energy price will promote energy efficiency; also increasing prices of agricultural products will impact on production efficiency and economy. In this study, we make a statistical analysis on the impact of energy and agricultural food prices to domestic economy. The result shows that energy price will influence the energy efficiency in the short time, LnEP at lag 1 period increased one percentage can drive LnEE growth by 0.627 percentage, at the same time, agricultural food price will impact on the production efficiency, LnAFP at lag 1 period and the 2 period increased 1 percentage will drive the LnPE increased by 0.245 and 0.016 percentage respectively. Therefore, agricultural food prices have direct mutual promotion effect. Also, there exist at least one direct co-integration relationship between energy price and energy efficiency, which means that there exist a long-term equilibrium relationship between energy price and energy efficiency.
Key words: Agricultural food price, energy efficiency, energy price, external shocks, food consumption, ,
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Cite this Reference:
Yantao Wang, Yong Li, Jieping Han and Jing Yan, . Energy Efficiency, Food Consumption Influence on China's Economy based on Energy and Agricultural Food Price Fluctuations. Advance Journal of Food Science and Technology, (6): 428-433.
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ISSN (Online): 2042-4876
ISSN (Print): 2042-4868 |
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