By Hengyun Ma, Les Oxley
In the hot millennium, realizing China’s power economic climate 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 basic strength intake and funding. This e-book at the start stories the literature on China’s power economic climate and in so doing unearths that many vital components were ignored or are superseded of their assurance. Given the scale of China and its international significance, the publication then evaluation s China’s present power state of affairs and fills the gaps within the literature in case you have an interest in and anxious approximately China’s monetary improvement and effort reform within the new millennium.
The booklet isn't the same as past stories in numerous vital methods: to start with, it provides contemporary, pioneering examine instead of an easy textbook, a number of sections of that have been released in top quality strength journals. Secondly, the ebook first subdivides China's strength depth grow to be elements of funds constraint, technological switch, issue substitution, power call for and monetary development utilizing a newly constructed econometric method. Thirdly, it presents many new and various econometric findings and derives many new coverage implications for China's power economic climate. And finally, it brings to gentle a wealth of recent wisdom if you happen to have an interest in China's strength economic system, the realm strength marketplace and worldwide environmental and weather switch issues.
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Extra info for China’s Energy Economy: Situation, Reforms, Behavior, and Energy Intensity
Chapter 2 A Survey of the Literature This Chapter is organized as follows. 1 outlines the main topics to be reviewed and approaches used in the review. 6 review previous studies on China’s energy economy differentiated into five topics. 7 presents a summary of the main findings. 1 The Topics to Be Reviewed and the Approaches to Be Used The Topics to Be Reviewed The energy sector covers a range of activities including energy trade, energy production, employment, energy pricing, energy taxes, and environmental regulation, etc.
67c Ma et al. 8c Yang et al. (2004) – LEGM – – Shao and Jia (2006) – Descriptive – – Wan et al. 3 Cointegration between China’s economic growth and fuel use Author(s) Period Approaches ECM (t-stat) 1. 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.
Readers also can refer to Ma et al. (2010b) for this chapter. 2 Economic Growth and Energy Consumption Here we first look at the existing literature in the relevant areas and then present some new results we have prepared in relation to: (1) National aggregate energy consumption versus national aggregate economic growth; (2) National disaggregate energy consumption versus aggregate economic growth; (3) Provincial aggregate energy consumption versus aggregate economic growth; (4) Provincial disaggregate energy consumption versus aggregate economic growth; (5) National industrial aggregate energy consumption versus economic growth; (6) Provincial industrial aggregate energy consumption versus aggregate economic growth.