Crompton, Paul; Wu, Yanrui - Department of Economics, Business School - 2004
In 2003 China’s energy consumption amounted to 1678 million tonnes coal equivalent (MTCE), making China the world … objective of this paper is to apply the Bayesian vector autoregressive methodology to forecast China’s energy consumption and to … discuss potential implications. The results of this paper suggest that total energy consumption should increase to 2173 MtCE …