Download China’s Energy Economy: Situation, Reforms, Behavior, and by Hengyun Ma, Les Oxley PDF

By Hengyun Ma, Les Oxley

In the recent millennium, knowing China’s power economic climate is essential for politicians, businesspeople and effort economists, as China’s strength coverage offerings will suggest either demanding situations and possibilities for the realm by way of an expanding percentage of basic strength intake and funding. This ebook first and foremost reports the literature on China’s power financial system and in so doing unearths that many very important parts were missed or are superseded of their insurance. Given the dimensions of China and its worldwide significance, the e-book then assessment s China’s present strength scenario and fills the gaps within the literature if you have an interest in and anxious approximately China’s fiscal improvement and effort reform within the new millennium.

The booklet isn't the same as past reports in different vital methods: to begin with, it offers fresh, pioneering learn instead of an easy textbook, numerous sections of which were released in top of the range strength journals. Secondly, the ebook first subdivides China's power depth turn into points of finances constraint, technological switch, issue substitution, strength call for and fiscal progress utilizing a newly constructed econometric method. Thirdly, it offers many new and varied 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 when you have an interest in China's strength economic climate, the realm power 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

Example text

2, titled “China’s energy economy: a survey of the literature”, have appeared in Economic Systems 34(2010):105–132. • Parts of Chap. 6 and Parts of Chap. 015, respectively. 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.

Since China embarked on its economic reforms and adopted an open door policy in the late 1970s, its economic development has been greatly enhanced by active participation in international trade. However, recently there has been more debate about domestic trade with China’s major trading partners urging further opening of the domestic market, especially post-accession to the World Trade Organization (WTO). Moreover, even if the Chinese government removes remaining barriers to international trade, the effectiveness of this policy might be compromised by regional trade barriers within China itself (Fan and Wei 2006; Poncet 2003, 2005).

2 The energy intensity is simply defined as the ratio of energy consumption to output (gross domestic products-GDP), which reflects the energy efficiency. 10 1 Introduction 2004); about the timing of the decline (Zhang 2003); about whether the decline is secular or fluctuating (Liao et al. 2007) and even about the measures of energy intensity used (Qi et al. 2007a). Most of the previous studies on China’s energy intensity employ an index number approach to decompose the change in energy intensity into the effects of industrial structure change and the change in industrial energy intensity (Ma et al.

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