According to the causal relationship among energy efficiency, energy price, and economic growth in China, a network structure of mutual transmission is constructed and a novel model of nonlinear dynamic system is also established. With the help of numerical simulation, the impacts of the parameters on the motion state of the system and the subsystem are analyzed. Then, the parameters are identified by means of BP neural network, and the model of novel dynamic system is given, which has a practical significance to reflect the actual situation of the system in China. According to the state of the actual evolution, we analyze the regulatory effect of the policy on the state of the system and find that four policies can all make the unstable system become stable. Comparing and analyzing the regulatory effects of the single and combined policy on the system show that the combined policy has a shorter time to reach the stable state and it is more conducive to the reduction of energy price. However, the single policy has a better effect on improving the level of energy efficiency and economic growth. In addition, the evolutionary paths of energy efficiency are analyzed at different regulatory levels under the same policy, and the results show that the higher the regulatory level is and the shorter time it takes to reach steady state for energy efficiency, the lower the level of energy efficiency is.
Energy efficiency Energy price Economic growth Numerical simulation Regulatory policy
This is a preview of subscription content, log in to check access.
This research is supported by grants from the National Natural Science Foundation of China (No: 71690242, 91546118, 11731014) and Postgraduate Research & Practice Innovation Program of Jiangsu Province (KYCX18_2256).
Compliance with ethical standards
Conflict of interest
The authors declare that they have no conflict of interest.
Ameena, A., Muhammad, Z., & Xi, J. Y. (2016). Energy prices and economic growth in Pakistan: A macro-econometric analysis. Renewable and Sustainable Energy Reviews, 55, 25–33.CrossRefGoogle Scholar
Chen, K. H., Yang, H. Y., Lee, J. M., & Chi, C. F. (2016). The impact of energy prices on energy consumption and energy efficiency: Evidence from Taiwan. Energy Efficiency, 9, 1329–1349.CrossRefGoogle Scholar
Fang, G. C., et al. (2012). Analysis and application of a novel three-dimensional energy-saving and emission-reduction dynamic evolution system. Energy, 40, 291–299.CrossRefGoogle Scholar
Fang, G. C., et al. (2013). The impacts of carbon tax on energy intensity and economic growth - a dynamic evolution analysis on the case of China. Applied Energy, 110, 17–28.CrossRefGoogle Scholar
Fang, G. C., et al. (2014). Government control or low carbon lifestyle?-analysis and application of a novel selective-constrained energy-saving and emission-reducing dynamic evolution system. Energy Policy, 68, 495–507.CrossRefGoogle Scholar
Istemi, B., & Hakan, Y. (2014). Energy prices and economic growth in the long run: Theory and evidence. Renewable and Sustainable Energy Reviews, 36, 228–235.CrossRefGoogle Scholar
Jang, C. J., et al. (2009). Energy prices, energy conservation, and economic growth: Evidence from the postwar United States. International Review of Economics and Finance, 18, 691–699.CrossRefGoogle Scholar
Kohler, M. (2014). Differential electricity pricing and energy efficiency in South Africa. Energy, 64, 524–532.CrossRefGoogle Scholar
Nicholas, M. O. (2010). Energy consumption, prices and economic growth in three SSA countries: A comparative. Energy Policy, 38, 2463–2469.CrossRefGoogle Scholar
Nicola, C., Massimiliano, C., & Dirk, W. T. V. (2016). Does energy efficiency improve technological change and economic growth in developing countries? Energy Policy, 92, 279–285.CrossRefGoogle Scholar
Qin, F., & Rajah, R. (2014). Electricity consumption, technological innovation, economic growth and energy prices: Does energy export dependency and development levels matter? Energy Procedia, 61, 1142–1145.CrossRefGoogle Scholar
Renuka, M., & John, A. A. (2007). Energy consumption, economic growth and prices: A reassessment using panel VECM for developed and developing countries. Energy Policy, 35, 2481–2490.CrossRefGoogle Scholar
Sun, F. L., & Du, W. (2014). An analysis of the effects of economic growth, industrial structure and energy efficiency on carbon emission of Jilin Province. Applied Mechanics and Materials, 675, 1789–1792.CrossRefGoogle Scholar
Sun, M., Tian, L. X., Fu, Y., & Qian, W. (2007). Dynamics and adaptive synchronization of the energy resource system. Chaos, Solitons & Fractals, 31, 879–888.MathSciNetCrossRefzbMATHGoogle Scholar
Sun, M., Tian, L. X., & Zeng, C. Y. (2009). The energy resources system with parametric perturbations and its hyperchaos control. Nonlinear Analysis: Real World Applications, 10, 2620–2626.MathSciNetCrossRefzbMATHGoogle Scholar
Tian, R. J. (2017). Study on the promotion of natural gas-fired electricity with energy market reform in China using a dynamic game-theoretic model. Applied Energy, 185, 1832–1839.CrossRefGoogle Scholar
Vacim, A., et al. (2016). Energy efficiency, low-carbon energy production, and economic growth in CIS countries. IOP Conference Series: Earth and Environmental Science, 43, 1.Google Scholar
Wang, M. G., & Tian, L. X. (2015). Regulation effect of energy market-theoretical and empirical analysis based on a novel energy prices-energy supply-economic growth dynamic system. Applied Energy, 155, 526–546.CrossRefGoogle Scholar
Wang, Q., Zhao, Z., Zhou, P., & Zhou, D. (2013). Energy efficiency and production technology heterogeneity in China: A meta-frontier DEA approach. Economic Modelling, 35, 283–289.CrossRefGoogle Scholar
Wang, Q., Zhang, C., & Cai, W. (2017). Factor substitution and energy productivity fluctuation in China: A parametric decomposition analysis. Energy Policy, 109, 181–190.CrossRefGoogle Scholar
Zhang, J. (2009). Energy efficiency and economic growth of China: 1953-2006. Ecological Economy, 5, 122–131.Google Scholar
Zhang, W. B., et al. (2016). The evolution model of electricity market on the stable development in China and its dynamic analysis. Energy, 114, 344–359.CrossRefGoogle Scholar
Zhao, L. C. (2015). Energy prices, energy consumption intensity and economic growth. Enterprise Economy, 11, 166–170.Google Scholar