Study on the Interactive Relationship between Electric Power and Economy in Henan Province Based on Simultaneous Equation Model
Authors: 
Fujun Yang, Kai Wang, Zihao JiaAuthors Info & Claims
Fujun Yang, Kai Wang, Zihao JiaAuthors Info & ClaimsPages 86 - 91
Abstract
Power data is usually regarded as the "barometer" of macro-economy, which has a strong correlation with the operation of national basic industries and people's livelihood. Through the detailed analysis of the economic operation law and power consumption law of Henan Province, this paper establishes a simultaneous equation model containing power consumption data, Gross regional product(GDP), new medium - and long-term loans and fixed asset investment of Henan province from 2001 to 2020. The three-stage least square method was used for correlation analysis, and the weight of the test indexes was determined by comprehensive analysis. Finally, the interactive relationship between electricity data and GDP is determined, that is, new medium and long term loans and fixed asset investment in the first two years have a great impact on GDP in the current year, while GDP in the last two years will affect the electricity consumption level in the current year. And put forward corresponding measures to promote the economic green coordinated development of their own views.
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Published In
November 2021
111 pages
ISBN:9781450390552
DOI:10.1145/3502300
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Published: 27 January 2022
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BDSIC 2021
BDSIC 2021: 2021 3rd International Conference on Big-data Service and Intelligent Computation
November 19 - 21, 2021
Xiamen, China
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