China's Energy Economy: Situation, Reforms, Behavior, and by Hengyun Ma, Les Oxley

By Hengyun Ma, Les Oxley

Within the new millennium, figuring out China’s strength economic system is important for politicians, businesspeople and effort economists, as China’s power coverage offerings will suggest either demanding situations and possibilities for the realm when it comes to an expanding proportion of fundamental power intake and funding. This booklet first and foremost studies the literature on China’s strength financial system and in so doing unearths that many vital parts were missed or are superseded of their assurance. Given the scale of China and its international value, the booklet then overview s China’s present power state of affairs and fills the gaps within the literature if you happen to have an interest in and anxious approximately China’s monetary improvement and effort reform within the new millennium.   The ebook isn't the same as prior stories in numerous very important methods: to begin with, it offers recent,  pioneering study instead of an easy textbook, numerous sections of that have been released in top quality power journals. Secondly, the ebook first subdivides China's strength depth grow to be points of funds constraint, technological swap, issue substitution, power call for and fiscal development utilizing a newly constructed econometric strategy. Thirdly, it offers many new and varied econometric findings and derives many new coverage implications for China's strength financial system. And finally, it brings to mild a wealth of latest wisdom should you have an interest in China's strength economic climate, the realm power industry and worldwide environmental and weather switch matters.

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Additional resources for China's Energy Economy: Situation, Reforms, Behavior, and Energy Intensity (Lecture Notes in Energy)

Example text

Finally, we present some comments, suggestions and implications. 1 The Definition of Energy Intensity Energy intensity (I) is typically defined as the ratio of energy consumption (E) to output (Q) using Gross Domestic Product (GDP). Empirically, there are several different definitions of energy intensity. For example, the energy coefficient, which is the ratio of the annual growth rate of energy consumption to the annual growth rate of GDP, is usually used as a measure to assess energy efficiency.

09a 2. National economic growth and national coal consumption Yuan et al. (2008) in Press 1963–2005 JJ, ECM GDP ! Coal Bi-direct Wang and Yang (2007) 1978–2005 E-G, ECM – GDP ! Coal Zhang and Li (2007) 1980–2004 Granger – Bi-direct 3. 68a 4. National economic growth and national oil consumption Zou and Chau (2006) 1953–2002 JJ, ECM 1953–1984 JJ, ECM 1985–2002 JJ, ECM Yuan et al. (2008) in Press 1963–2005 JJ, ECM Energy ! 1) Bi-direct 5. 1) 1952–2001 JJ, ECM Wang et al. 6) Yuan et al. (2008) in Press 1963–2005 JJ, ECM Elect !

2002, 2003, 2006; Bachmeier and Griffin 2006; De Vany and Walls 1999; Narayan and Smyth 2005; Adrangi et al. 2001; Gjolberg and Johnsen 1999; Serletis 1994; Weiner 1991). Recent work, however, reveals only one study, Fan and Wei (2006), tests the price convergence of gasoline and diesel, which one might expect, a priori to be the most likely, to show market integration among the key energy inputs for China. More importantly, the study of Fan and Wei (2006) did not take into consideration of the effect of the gradual reforms on the course of energy economic development in China.

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