By Hengyun Ma, Les Oxley
In the recent millennium, realizing China’s power economic system is important for politicians, businesspeople and effort economists, as China’s strength coverage offerings will suggest either demanding situations and possibilities for the realm when it comes to an expanding percentage of fundamental power intake and funding. This e-book at first reports the literature on China’s strength economic system and in so doing unearths that many vital parts were missed or are outmoded of their insurance. Given the dimensions of China and its international value, the booklet then evaluation s China’s present strength state of affairs and fills the gaps within the literature when you have an interest in and anxious approximately China’s financial improvement and effort reform within the new millennium.
The publication isn't the same as past reports in different very important methods: first of all, it provides fresh, pioneering learn instead of an easy textbook, a number of sections of which were released in fine quality power journals. Secondly, the ebook first subdivides China's power depth grow to be facets of price range constraint, technological switch, issue substitution, strength call for and fiscal progress utilizing a newly constructed econometric technique. Thirdly, it offers many new and varied econometric findings and derives many new coverage implications for China's strength economic system. And finally, it brings to gentle a wealth of recent wisdom in case you have an interest in China's power financial system, the area power industry and worldwide environmental and weather swap issues.
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Extra info for China’s Energy Economy: Situation, Reforms, Behavior, and Energy Intensity
It may be helpful, therefore for policy reform dummy variables to be incorporated into the various models. (b) There may be a need to break long time periods into different shorter periods as long periods have the potential to mix the different stages of economic development and some policy reforms variables may be incorrectly treated econometrically if the time span is too long. For example, in the early stages of economic development, energy consumption may Granger cause economic growth. However, economic growth may Granger cause energy consumption for more developed economies.
18). Thirdly, price changes over time are also apparent across regions, for example, coal prices increased by approximately 150% in regions 1 and 2 in the last decade, while they only increased by 50% in regions 5 and 7 over the same period. The same can be seen for the price of electricity. Finally, the prices of gasoline and diesel products seem fairly similar both in levels and changes over time across region. However, this result is to be expected due to their similar physical and functional characteristics.
In addition, the negative contribution share measures the percentage of energy intensity decline, while a positive contribution share measures the percentage of energy intensity increase. 5: (a) Most of studies identify decreasing energy intensity during their study periods. For example, those whose study periods ending in 2000 including Lewis et al. (2003), Qi et al. (2007b), Han et al. (2004a), Qi and Chen (2006), Gao and Wang (2007), Zhang and Ding (2007), Shi (2007a, b), Zhang (2003), FisherVanden et al.