On Electric Power Consumed and Economic Development in Fujian Province Under the Background of Big Data
With the continuous improvement of the intelligent management level of the power system, it will be possible to use the power big data to conduct “real-time monitoring” of the current state of economic development. In recent years, with the optimization of the industrial structure of Fujian province in China, the economic and power demand of various industries in Fujian province has also changed greatly. Therefore, studying the relations between power consumption and economy in Fujian’s sub-sectors has important guiding significance for the Fujian provincial government and power grid companies. A Granger causal nexus exam method was adopted to probe the relations between power consumption and economy in Fujian province. The results show that bidirectional causal relationships existed between electric power consumed as well as economic development at aggregate level and sectors of the primary industry; the industry has a one-way causal nexus from electric power consumption to economic development, while construction industry, transportation, warehousing and postal services have a one-way causal coupling nexus from economic development to electric power consumed.
KeywordsBig data Electric power consumed Economic development Granger test method
- 14.Du, Y., Hu, P.F., Lin, H.Y., Xiang, K.L., Zheng, H., Deng, J.P., et al.: Cointegration analysis between electricity consumption and economic growth in Fujian Province. In: 2017 IEEE Conference on Energy Internet and Energy System Integration (Ei2), pp. 148–52 (2017)Google Scholar