China’s Energy Economy: Technical Change, Factor Demand and Interfactor/Interfuel Substitution

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dc.contributor.authorMa, H.
dc.contributor.authorOxley, L.
dc.contributor.authorGibson, J.
dc.contributor.authorKim, B.
dc.date.accessioned2009-02-02T19:57:16Z
dc.date.available2009-02-02T19:57:16Z
dc.date.issued2008en
dc.descriptionRePEc Working Papers Series: No. 01/2008en
dc.description.abstractWith its rapid economic growth, China’s primary energy consumption has exceeded domestic energy production since 1994, leading to a substantial expansion in energy imports, particularly of oil. China’s energy demand has an increasingly significant impact on global energy markets. In this paper Allen partial elasticities of factor and energy substitution, and price elasticities of energy demand, are calculated for China using a two-stage translog cost function approach. The results suggest that energy is substitutable with both capital and labour. Coal is significantly substitutable with electricity and complementary with diesel while gasoline and electricity are substitutable with diesel. China’s energy intensity is increasing during the study period (1995-2004) and the major driver appears to be due to the increased use of energy intensive technology.en
dc.identifier.citationMa, H., Oxley, L., Gibson, J., Kim, B. (2008) China’s Energy Economy: Technical Change, Factor Demand and Interfactor/Interfuel Substitution. University of Canterbury. 31pp..en
dc.identifier.urihttp://hdl.handle.net/10092/2070
dc.language.isoen
dc.publisherDepartment of Economicsen
dc.publisherUniversity of Canterbury. Economics.en
dc.relation.urihttp://www.econ.canterbury.ac.nz/research/pdf/0801.pdfen
dc.rights.urihttps://hdl.handle.net/10092/17651en
dc.subjectChinaen
dc.subjectInterfactor/interfuel substitutionen
dc.subjecttechnologyen
dc.subjectenergy intensity decompositionen
dc.subject.marsdenFields of Research::340000 Economics::340400 Econometricsen
dc.subject.marsdenFields of Research::340000 Economics::340200 Applied Economics::340202 Environment and resource economicsen
dc.titleChina’s Energy Economy: Technical Change, Factor Demand and Interfactor/Interfuel Substitutionen
dc.typeDiscussion / Working Papers
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