[Retracted] Relationship between Economic Growth and Energy Consumption from the Perspective of Sustainable Development

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.

Relationship between Energy Consumption, Foreign Direct Investment, and Labor Force Participation Using the VECM Model: Empirical Study in OECD Countries

“…The use of energy can increase production in a country. This is evidenced by research conducted by Dai et al, (2022) in his research entitled "Relationship between Economic Growth and Energy Consumption from the Perspective of Sustainable Development" which found that energy consumption has a significant positive effect on economic growth. Investors will be very interested in investing in countries with high economic growth.…”

Effects of Energy Economic Variables on the Economic Growth of the European Union (2010–2019)

“…The data show that the results vary widely. Researchers have found a one-way cause-and-effect relationship from economic growth to energy consumption in the short term [23,24]. Some researchers also included the economic development of national economies in their investigation.…”

The Long-Run Relationship Between Renewable Energy Consumption, Non-Renewable Energy Consumption, Population, and Economic Growth in G20 Countries

“…The energy sector plays a strategic role in economic development in both developed and developing countries, thus energy availability is a crucial variable for a country's economic growth and competitiveness [1,2]. Energy consumption is often seen as a pro-growth measure, which means that an increase in energy consumption leads to an increase in economic growth [3]. Therefore, the energy sector forms the backbone of the economy, which is very important in driving the economy and supporting development.…”

“…The investigation into the association between energy consumption and energy growth has been largely influenced by the discoveries made by Kraft and Kraft [17] who discovered a unidirectional causal relationship between economic growth and energy consumption in the United States between 1947 and 1974. Subsequent research endeavors have surfaced, leading to the classification of energy consumption into distinct categories: renewable energy and non-renewable energy [2,3,6,18,19]. However, the relationship between energy use and economic growth continues to spark debate and has yet to yield definitive results.…”