[Retracted] Relationship between Economic Growth and Energy Consumption from the Perspective of Sustainable Development
Liuyi Daia b c d, Rui Yu Jiae f✉, Xinran Wanga c g h
- aBaotou Teachers' College, Inner Mongolia University of Science and Technology, Baotou 014030, Inner Mongolia, China
- bDepartment of Economics, Pusan National University, Busan 46241, Republic of Korea
- cBaotou Teachers' College, Inner Mongolia University of Science and Technology, Baotou 014030, Inner Mongolia
- dDepartment of Economics, Pusan National University, Busan 46241
- eDepartment of Business Administration, Pusan National University, Busan 46241, Republic of Korea
- fDepartment of Business Administration, Pusan National University, Busan 46241
- gDepartment of Business Administration, Jeonju University, Jeonju 55069, Republic of Korea
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Abstract
While promoting the economic growth, energy has also brought pollution problems to the world environment, which has gradually become a bottleneck impeding sustainable economic development. In view of the rapid evolution of urbanization and industrialization, economic growth is increasingly dependent on the energy consumption, the development of the two is difficult to coordinate, and the internal contradictions are becoming increasingly serious, which hinders the sustainable development of economic growth. This study establishes the relationship between energy consumption and economic growth according to the energy Kuznets curve and studies the future trend of China's sustainable development through the comparative analysis of the energy Kuznets curve of the United States and Germany. The results show that, at the turning point of energy consumption, China's energy economic rate is higher than that of Germany and the United States. In addition, in terms of urbanization rate and industrial structure, although China's tertiary industry has made a breakthrough, it is still lower than that of the United States and Germany, but the level of urbanization rate has made significant progress. In short, China has obvious advantages in future economic development and has a late developing advantage compared with the United States and Germany. This paper makes an empirical analysis of the relationship between energy consumption and economic growth in OECD countries and finds out the turning point of energy consumption, so as to provide a theoretical basis for coordinating China's energy consumption and economic growth.