2023 Vol.6 Apr.N0.2

• Title: Empirical Analysis on the role of new energy transformation in promoting China's economy
• Name: Ruobing LV
• Company: College of Finance and Trade Zhengzhou Business University,GongYi 451200,China
• Abstract:

  The transformation of new energy is related to the development trend and direction of China's economy. In the context of global new energy transformation, it is crucial to accelerate China's new energy transformation. In view of the impact of new energy transformation on China's economic development, this paper proposes an empirical analysis of the role of new energy transformation in promoting China's economy. By analyzing the advantages of new energy transformation in technology and cost, this paper determines the economic logic of new energy transformation, and analyzes the impact of government leading role on new energy transformation; By analyzing the historical process of new energy transformation and comparing the process of new energy transformation in China, the necessity of new energy transformation in China is determined; Determine the relationship between new energy transformation and China's economic development, build a panel vector autoregressive model, introduce impulse response function, causality test method and other methods to determine the analysis of the role of new energy transformation in promoting China's economic development, and complete the empirical analysis of the role of new energy transformation in promoting China's economy. Through examples, it is verified that the transformation of new energy can promote the development of China's economy and has a certain role in promoting it.

  
  

• Keyword: New energy transformation; Chinese economy; Empirical analysis: economic logical relationship; Panel vector autoregressive model
• DOI: 10.12250/jpciams2023090408
• Citation form: Ruobing LV.Empirical Analysis on the role of new energy transformation in promoting China's economy [J]. Computer Informatization and Mechanical System,2023,Vol.6,pp.34-40

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